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The drop in oil prices, supply chain disruptions, unstable stock markets, and reduced business activity due to COVID-9 has resulted in millions of people struggling financially. Countries like Canada are providing government income assistance, but many families are still looking for additional funds. Car Collateral Loans Scarborough have helped thousands of people before but with businesses closed or restricted, many are wondering if they can still apply for one.

Can You Still Avail of Auto Title Loans?

Yes, Canadians in need can still apply for online title loans. While non-essential businesses are operating in a limited capacity, key services like pharmacies, groceries, and lending institutions remain open. Banks and other conventional lenders are still offering loans but for those who need cash fast, car title loans might be better. You can apply for these secured loans easily and you can even get the money you need within the day.

However, you must be extra careful when choosing a lending company. It has been reported that “advance fee loans” are once again on the rise. Dubious lenders attract desperate people with promises of a guaranteed loan if they pay a fee upfront. The BBB has already sent out reminders that it’s illegal for lending companies to demand upfront payment. If you are offered something similar, walk away and report it to the consumer agency.

Lowest Interest Rates You Can Find

Need fast cash? Canadian Equity Loans is the company to call. Known as one of the country’s top lenders, they offer as much as $100,000 in loans. Their interest rates and monthly payments are the lowest around. They also offer early payouts with zero penalties. You don’t even have to undergo credit checks. Log on to their website to apply or call their toll-free number at 1-844-586-6311.

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