To put in the first benefit being the best, interest rates for collateral car title loans are the lowest in the lending industry and the lowest compared to short term loans and unsecured loans. The loan payment terms are the most flexible and the longest at a whopping 7 years.
Another unique characteristic of bad credit loans is that lenders don’t make any assessment of a borrower’s ability to repay the loan. In fact, they don’t run credit checks because no amount of bad credit or no credit will affect the loan approval that is given in one hour. The cash is released on the same day as approval.
To lenders, there is almost no risk because the loan is completely collateralized and secured. A fully owned car and its lien free car title secures the loan as the collateral. The car title is left with the lender while the borrower continues to use the car and repaying the loan. The lender places a lien on the title and removes it when the loan is fully repaid. No credit check title loans only need the lender to inspect and appraise the car for its true market value to determine the loan amount.
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.