All that is needed to qualify for collateral bad credit loans is a fully owned car and lien free car title as collateral, proof of permanent residence, vehicle registration, and collision insurance. Also make sure the car is not more than 12 years old.
This is because there are no credit checks involved. Since it is a secured loan and your car is collateral, there is really no risk for the lender. Even if you have bad credit the loan is still approved in one hour.
The biggest advantage of collateral vehicle title loans is that you can get quick cash. You can have your money on the same day as the approval. All the lender needs to do is to inspect and appraise your car for its true market value.
Whether you have bad credit or no credit, so long as you have a fully owned car, you are eligible for no credit check title loans. Your car is used as collateral for the loan. You even get the lowest interest rates in the lending industry and lowest even when compared to unsecured bank loans and short term loans. Loan repayment terms are the longest ever up to 7 years.
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.