What if bad credit keeps you from applying for short term loans or unsecured loans? Taking out a collateral car title loan is the best way to get your hands on some fast cash since no credit checks are ever made.
With equity loans the lender evaluates the price of your car based on its true market value and then gives you a loan amount based on this. The lender then holds on to the car title and places a lien on it until your loan is repaid in full, the lien is removed, and the car title is returned.
Collateral vehicle title loans only need a fully owned car and lien free car title as collateral. The lender inspects and appraises the car. Other requirements include proof of permanent residence and a valid driver’s license. The car must be no less than 12 years old and must have collision insurance.
Loan approval for no credit check title loans comes in one hour since no credit checks are ever needed. Loan payment terms are the longest and last up to 7 years. No early payment penalty will be charged if the loan is paid off early. And the borrower even gets to keep driving the car while repaying the loan.
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.