Now, collateral vehicle title loans can really help out people who are in dire need of fast emergency cash because of financial trouble.
All that is needed to qualify for collateral vehicle title loans is a fully paid for car and its lien free car title to serve as collateral. The car title is then left with the lender as collateral and the borrower can continue using the car while repaying the loan.
The rise of collateral car title loans doesn’t mean more requirements
To make a realistic comparison, short term loans and unsecured loans require too much paperwork and make you wait for days just for approval. On the other hand, collateral car title loans only require you to show your valid driver’s license and any proof of permanent residence. This is on top of the car that needs to be inspected and appraised for the loan amount based on the car’s true market value. Up to $50,000 can be borrowed.
Collateral car title loan lending is not expensive
Traditional forms of short term loans aren’t an option for borrowers with bad credit or with no credit history. No credit check title loans do not require any credit checks because the loan is already secured by the collateral. They also have the lowest interest rates in the whole lending industry, with the longest repayment terms you will ever experience.
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.