Instead of borrowing from 150% loans because of low credit scores, you can use your fully owned car as collateral for low interest loans.
The success and size of low interest loans
The success of this loan is based on the size and benefits that you get. Once the car is inspected and appraised for its true market value, the loan can be determined and can reach up to $50,000. The car only needs to be fully owned and the car title must be lien free.
The dangers of applying for unsecured bank loans
Unsecured bank loans are often a common solution, but this loan is often issued at 150% interest per month. Also, if the borrower has bad credit, the loan is never approved, and if it is, the aforesaid mentioned interest rate is used.
The benefits of getting a collateral car title loan
A unique characteristic of collateral car title loans is that lenders don’t make any assessment based on the borrower’s credit rating. In fact, lenders don’t run any credit checks. The loan is approved in one hour and the cash is released on the same day. Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to unsecured bank loans. Loan repayment terms are the longest and most flexible that can be offered.
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.
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