What Makes Minimum Credit Score Loans Regina Saskatchewan Distinct from Other Loans?
When you need cash for whatever reason, like an emergency, to pay an unexpected bill, or make a large purchase, you have several choices. Bank loans, personal loans, payday loans, and minimum credit score loans Regina Saskatchewan are just some of the options available. But when it comes to fast cash, a title loan is the ideal solution. Here’s what sets this loan apart from the others:
3 Things That are Unique to Title Loans
It requires collateral. This is one major difference between title loans and other kinds of loans. You will have to surrender your car’s title to the lender. It will be returned to you once the loan is fully paid. The collateral covers the loan and determines how much you can borrow.
Your credit score is not a big factor. Conventional loans and payday lenders require the borrower to have a good credit rating. It’s different from car equity loans. Because you’ll be pledging collateral, your credit rating doesn’t matter. What’s important is your car’s value.
You can get the money in a few hours. Bank loans take weeks or even months before you can secure approval. Meanwhile, you can finish applying for a title loan in 30 minutes or less. Approval can be released in as little as an hour while the cash can be released after four hours.
Faster than the Competition
You don’t have to wait days to get help from Canadian Equity Loans. You can borrow up to $50,000 in loans without worrying about credit checks or employment requirements. The company has low-interest rates and accepts early payouts without penalties. You can even receive the cash within the hour. Log on to their website to apply or call their toll-free number at 1-844-586-6311.