Ways a Poor Credit Car Loan Ottawa Ontario Can Help in a Crisis

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The whole world was woefully unprepared for the consequences of the coronavirus pandemic. Millions are still reeling from the effect it has on their finances. While things are starting to show a semblance of normality, many ordinary consumers are still struggling to make ends meet. Many have taken out fast loans to tide things over. A popular option is a poor credit car loan Ottawa Ontario. Here’s why: 

Ways an Auto Title Loan is Good in a Crisis 

  • You get cash immediately. This is the best reason to borrow using your car. Unlike conventional loans, the application and approval process of title loans is quick and simple. You can fill up the form and send the requirements in just an hour. You can get approved in an hour and the funds released within the day. 
  • Loan contracts can be extended. Title loans are short-term loans. But you have the option to choose longer contracts or extend them through rollovers. But the latter means your interest rates will go up. You also have to pay a penalty.
  • You can keep using your car. You’ll have to pledge your car as collateral for this loan. But the car will remain with you. You can continue to use it even while the loan is active. The lending company only needs to hold on to the vehicle’s title of ownership. 

Borrow More Money Than Any Competitor has to Offer

No other company is as reliable as Canadian Equity Loans. We can offer you as much as $50,000 in loans. We also have the lowest interest rates and monthly payments around. We also accept early payouts without penalties. You don’t even have to undergo credit checks. Log on to our website or call our toll-free number at 1-844-586-6311.

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