There are a Lot of Benefits from Bad Credit Loans Lacombe Alberta

Simply apply for collateral vehicle title loans

Even if your credit rating is bad, your loan gets approved in one hour so long as the collateral is a fully paid car and the car title is lien free. The car is inspected and appraised for its true market value to determine the loan amount.

Everything is clear

All valuable information is clear with collateral bad credit loans. Everything is well laid out with no hidden fees or hidden clauses. All that is needed is a clear and lien free car title that will be left with the lender while the loan is repaid.

Very minimal paperwork

No more ambush surprises here because you already know how much you can spend since the interest rates for collateral car title loans are the lowest in the whole lending industry. All you need to show is the car title, a valid driver’s license, and proof of permanent residence.

Collateral vehicle title loans always cater to borrowers with bad credit

No credit check title loans specialize in lending for people with less than perfect credit or even without credit. As mentioned earlier, interest rates are the lowest in the whole lending industry. Loan repayment terms are the longest and most flexible that can ever be offered. No early payment penalties will be charged if the loan is paid off earlier than expected.

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.

The Advantages of Getting Bad Credit Loans Lacombe Alberta

Fast cash in just one hour

The biggest advantage of bad credit loans is that you can get fast cash in one hour. This is due to the fast loan processing. All the lender needs to do is to inspect and appraise your car to find out the true market value and determine the loan amount. You can borrow as much as $50,000.

No credit checks will be done

Whether you have good credit or bad credit, so long as you have a vehicle, you are eligible for a collateral car title loan because your car is the collateral for the loan.

You get to keep driving your car

Another great thing about collateral car title loans is that you get to keep driving your car even while repaying the loan.

Your credit report will even improve

When you make prompt monthly payments and eventually pay off your title loan, the lender reports all this to the credit bureaus for your credit report. Naturally, your credit score will go up.  

Low interest rates

In a time where you need cash quickly, interest rates for no credit check title loans are the lowest in the whole lending industry and the lowest even when compared to other unsecured loans. Also, loan repayment terms are the longest and most flexible to be offered.

No hidden or extra fees

There are no more processing fees, document fees, releasing flat fees, and early payment penalty charges for those able to pay the loan early.

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.