Collateral vehicle title loans are very much tailor-made for borrowers with cash emergencies or sudden financial troubles but who have bad credit or no credit which may get them disapproved from unsecured bank loans.
The loan is secured using collateral that is a fully owned car and lien free car title. The interest rates are the lowest in the whole lending industry and the lowest when compared to short term loans and unsecured bank loans. No credit checks are needed to be done.
Collateral car title loans have the lowest interest rates in the whole lending industry. The loans have repayment terms that are the longest up to 7 years. This means monthly loan payments plus interest will be the lowest you’ll ever experience.
All you need to do is to bring in the car for inspection and appraisal for its true market value in determining the loan amount. You also need to have the car title checked to make sure it is lien free. After this, you need to show a valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance. No credit check title loans doesn’t even need credit checks because the loan is already secured by the collateral.
When in need of immediate or emergency fast cash that offers no penalties for early payments and low interest, a Bad Credit Car Loans Red Deer 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.