Many people find themselves in hard situations where they have to deal with life’s problems with their savings. And not everybody has the option of using their savings. For those facing financial stress, if the next paycheck doesn’t arrive on time, these financial emergencies can be a huge problem. We highly suggest to go for car title loan. There are some major reasons to get a car title loan from Quick Cash Canada. First of all, these loans require no credit checks. A vehicle title loan, also known as minimum credit score loan, is available to people with all sorts of credit scores. What makes them even more likable is the fact that there is no need to provide employment details to qualify for these loans. These are the two main factors that every other financing source considers but not us. We understand that emergencies like house plumbing repairs, medical bills etc. can toss your monthly budget in air. So here we are, explaining in detail about car title loans.
Basically, a title loan is all about using an asset, such as a car, as collateral to get a loan.. This is a secured loan which is supported by an asset. Such simple application requirements make them a hit among people with average or poor credit ratings. Vehicle title loans, or as they are widely called, car title loans, are a blessing in case of quick cash emergencies.
These loans aren’t available from banks, as banks want high credit scores and proof of income. Now let’s suppose someone is in grave need of a few thousand dollars to clear his medical bills, he cannot apply for a personal loan as it takes days for processing and requires complex documentation. Nor can he go to his family or relatives because of the uncertainty factor involved. Minimum credit score loans like a car title loan is the best option he has. These loans are processed the same day you apply. You even get the cash on the same day ( i.e. within 24 hours). Isn’t it great to have a solution to your problem when you need it the most?
Car title loans work by using the equity in your car to borrow cash. This equity value of the car has to be positive in order to qualify for the loan. A positive equity of the car means that the vehicle should have a decent wholesale value in the current market in order to qualify for the loan. At Quick Cash Canada, one can easily borrow up to $40,000 using the equity of your vehicle. We will keep the lien-free title of the car as collateral with us. We won’t physically store your car, so this means you are free to use your vehicle as usual. . Just make sure to keep making the monthly payments on time.
The steps are very easy to understand. Visit our website and fill the online application form or directly call us. Once you submit the form our loan agents will get in touch and discuss further details and requirements. You’ll be guided in detail to submit the below mentioned documents for verification. Once this is done, you’ll be asked to bring in your car for inspection to our facility in your area. You’ll be given a qualifying figure of the loan amount after inspection and document review. After this, if all things are in place the loan request will be approved. As soon as this happens, you will shortly get the cash loan.
We’ll need the following information:
Don’t worry about your credit history because you can now use your vehicle to get a minimum credit score loan. Apply online or contact us (toll free) 1-888-517-1625 and talk to our loan agents today!