Sometimes we all experience short term financial emergencies or sudden budget problems once in a while. Collateral quick cash loans will appeal better to borrowers because all that is needed as collateral is a fully owned car and with low interest and better payment terms.
Your vehicle carries the true market value
With collateral car title loans, the loan amount is determined by the car’s true market value. Once the loan is approved after one hour, the loan amount is released on the same day.
Lenders will not check credit ratings
Credit checks are not needed. This is because the loan is already secured by the collateral and that is your car and car title. The loan is also advantageous to the borrower because once the car title is left with the lender, the borrower can continue using the car while paying off the loan.
The low interest rates with long repayment terms
Nothing will be changed with the car and your car title
Since your car is the collateral for the loan, no changes will ever be made to the car, except if the lender requires car insurance if needed.
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.