Whether hassle-free car loans Gloucester Ontario is better than bank loans have been hotly debated for years now. There’s no denying that both have their merits and disadvantages, which is why people in need of money are often confused as to what loan to get. But if you need cash fast and have less than stellar credit, then title loans are the hands-down winner.
Reasons Title Loans are Better Than Bank Loans
- There’s no need to worry about credit scores. Banks are notorious for requiring borrowers to have excellent credit scores. This isn’t the case with title loans. Since you’ll be putting up collateral, your credit rating isn’t a major factor to approval. Your car’s equity will cover your loan.
- The application is done in less than an hour. Specialized car equity loans are known for their convenience. You can apply online and submit your requirements in the same way. Lenders even allow for virtual inspections of vehicles. Instead of going to the lender’s office, you can simply send photos of your car.
- You get the money faster. The approval process for this loan is as quick as lightning. Some lenders even approve applications in 15 minutes. At most, you only need to wait four hours. The money will then be released within the day.
- Loan extensions are available. Borrowers who can’t meet payments can request for a rollover. The lender will extend your loan, but you’ll be penalized.
Borrow More Money Than Any Competitor has to Offer
Get the loans you deserve with Canadian Equity Loans. The company offers as much as $50,000 in loans. They also offer low-interest rates and affordable monthly payments. You can even choose early payouts with zero penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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