Collateral car title loans are processed an approved in just one hour. This is because it is a simple process that involves the lender inspecting and appraising the vehicle to make sure it is worth its true market value. There are also minor requirements like the lien free vehicle title and a valid driver’s license.
Because it is a secured loan, no credit checks are done. There is virtually no risk for both lender and borrower because the loan is secured by the collateral. Collateral vehicle title loans are perfect if you have bad credit or no credit. Of course the vehicle must be fully registered in your name, must not be more than 12 years old, and must have collision insurance.
All you need is to leave your vehicle title as security for the collateral, and you are still able to continue using your vehicle while repaying the loan.
No credit check title loans interest rates are much lower compared to unsecured loans. They are also the lowest in the lending industry. Loan terms run the longest and most flexible at 7 years. This loan is a great way to get fast emergency funds. As long as you know you can pay them back, they are a good way to get money since no credit checks are ever involved.
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.