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It is unfortunate that people who just need a little money to tide them over through a rough financial emergency aren’t given an opportunity through unsecured or short term loans. Good thing collateral fast cash loans are around to balance things out.

The difference of collateral vehicle title loans

Collateral car title loans are the best answer for borrowers with bad credit. This is because no credit checks are needed for loan approval. All that is needed is a fully owned car for inspection and appraisal and the car title as collateral. Also:

  • Loan approval only takes an hour.
  • Once approved, the loan amount can be released within the same hour.
  • No credit checks are needed because the loan is secured by the collateral.
  • Other requirements needed are the borrower’s valid driver’s license and proof of permanent residence.
  • The vehicle will be given a detailed inspection and appraisal to determine true market value for the loan amount. Up to $50,000 can be borrowed.

Collateral car title loans offer the best benefits

Loan payment terms for no credit check title loans are long and flexible. Interest rates are the lowest in the lending industry and even much lower compared to unsecured or short term loans. The borrower can continue using and driving the car even while paying off the loan. Should the loan be paid off before the payment term ends, no early payment penalty will be charged.

At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online.