When people apply for collateral bad credit loans, the first thing that will amaze them is the very low interest rates, in fact, the lowest in the lending industry and the lowest when compared to short term loans and unsecured loans. This is because the loan is already secured by the collateral that is the vehicle and vehicle title.
Aside from the very low interest rates, collateral vehicle title loans carry loan payment terms that are the longest at 7 years, a far cry from the 30-day short term loan affairs of unsecured loans. Requirement preparation is simply presenting the vehicle for inspection and appraisal, the vehicle title, the borrower’s valid driver’s license, and proof of permanent residence. Once the loan is approved in one hour, you continue driving your car while paying off the loan.
Aside from the great benefits mentioned above, one great benefit is that no credit checks will be made, regardless of whatever credit condition the borrower has, be it poor credit or no credit at all. Again, this is because the loan is secured by the collateral. Thus, these no credit check title loans are approved in just one hour. Also, whatever loan amount is agreed upon based on the vehicle’s true market value includes no hidden fees or charges. This includes no early payment penalty charges.
When in need of immediate or emergency fast cash that offers no penalties for early payments and low interest, a collateral car title loan from Quick Cash Canada may be the best option for you. Call Quick Cash Canada Loans toll free at 1-888-517-1625 and apply now for a car title loan. You’ll speak with a member of our dedicated team and see how Quick Cash Canada can help.