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No one gets through life without experiencing an emergency or two. Maybe your roof is leaking and needs to be repaired ASAP. Or maybe you have a medical emergency. If you’re lucky, you have an emergency fund squirreled away. If not, you can do what millions have done before and apply for Auto Title Loans Surrey British Columbia. This is a secured loan that ensures you get the money you need within the day. But there are several things you should know about it: 

3 Title Loan Facts You Should Know 

  • You need collateral. Title loans require the borrower to put up collateral. As the name implies, you will use your car. However, you only need to surrender your car’s title to the lender. The document will be returned to you once the loan has been repaid. 
  • The loan depends on your car equity. The amount you can borrow depends on your car’s value. The higher it is, the larger the loan amount. The vehicle’s value will be determined by several factors, like its age, model, and how well it’s maintained. 
  • You can apply even with a low credit score. This is due to your collateral. A title loan is open to everyone, even those with no credit history or who is currently unemployed. 

Lowest Interest Rates You Can Find

Do you need fast cash? Canadian Equity Loans will ensure you get quick financial assistance. You can borrow as much as $100,000 from this trusted lender. We have provided car title loans with the low-interest rates and affordable monthly payments. We also accept early payouts with zero penalties. You can sign up on our website or call our toll-free number at 1-844-586-6311.

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