Tag: car pawn loan Edmonton Alberta

The threat of the coronavirus has resulted in more people needing extra cash. While you can always apply for a bank loan or ask for help from friends and family, they’re not always the right solution, especially if you need money fast. However, a car pawn loan Edmonton Alberta is just the ticket for emergencies. Here are several reasons why:

3 Best Reasons for Getting a Vehicle Title Loan

• Convenience and Accessibility: You can literally find thousands of title loan companies online. You can choose whether you want to work with an online lender or opt for one of the more conventional financiers. You can also easily access these companies through email, by phone, or via their websites. What’s more, you can just apply online and receive your loan without leaving your home.

• Simplified Application Process: Unlike banks that have numerous requirements, title loan companies have fewer demands. Borrowers typically only need to produce their car’s title, valid IDs, and proofs of residence, income, and insurance. Once you submit your application and the required documents, you will be notified immediately if you’re qualified for a special financing auto loan.

• No Credit Checks: Because title loans require collateral from the borrower, the lender has the assurance that their investment is covered. They don’t need to conduct an extensive background or credit check. It’s why even people who have poor credit scores or no credit history can avail of this loan.

Lowest Possible Payment in the Industry

Apply at Canadian Equity Loans today and free yourself from stress. The company offers loans as high as $50,000. They have the lowest interest rates and monthly payments around. You can also pay your loan early without worrying about penalties. Log on to their website to apply. You can also call their toll-free number at 1-844-586-6311.

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Defaulting on your car pawn loan Edmonton Alberta is expensive and can have dire consequences Aside from the penalties incurred due to late payments, you could also lose your car to repossession. One thing that many borrowers worry about is whether defaulting on a title loan could lead to jail time. We asked the experts and here’s the general consensus:

Could I Be Jailed for Defaulting on my Auto Title Loan?

No, you cannot be jailed for missing payments or defaulting on a loan. Reports of people having outstanding warrants of arrest because they’re behind on loan payments are simply not true. According to the law, “debtor’s prison” is against the constitution. Lending companies and debt collection agencies are also restricted on how they can collect the debt owed. They cannot harass or threaten you and you can file charges if they do.

However, lenders are within their rights to repossess your car if you default on your refinance car loan. It’s a standard clause in title loans as a means for the lender to recoup the investment they made on you. The repossessed vehicle will then be sold off to repay the loan. If the sale is not enough to cover the loan, the borrower will shoulder the remaining balance. So not only will you be without a car, but you’ll still be paying monthly.

Lowest Interest Rates You Can Find

Apply at Canadian Equity Loans and enjoy fast loans at low-interest rates. You can borrow as much as $50,000 from this trusted lender. They have the lowest interest rates around and offer low monthly payments. They also accept early payouts without penalties. You can even get the cash you need in less than 24 hours. Sign up at their website or call their toll-free number at 1-844-586-6311.

For more information, visit us on:

Facebook: https://www.facebook.com/Canadian-Equity-Loans-1521476258155998/?fref=ts

Twitter: https://twitter.com/CANEquityLoans

Google Plus: https://plus.google.com/111672227236884542997/posts