Collateral Loans 101 : Can I Get a Collateral Loan With Bad Credit?

There are many reasons that force you to borrow  money. Most people are not prepared for unexpected expenses/emergencies and at that very moment  it may seem a solution is impossible. Try adding bad credit history to the mix which really makes financial help difficult to come by! A series of bad financial decisions  can surely leave you with a bad credit score that makes it difficult to attain a loan for your quick cash requirements. In such situations, try a car collateral loan to help you  get the cash you need.

What is a Collateral Loans?

Collateral loans are type of loans where you use  something of value as the guarantee that you will pay the loan. The item of value is known as collateral. Examples of a collateral could be your house or also your car. When you offer something as collateral, you assure the lender that =you will pay back the loan amount that you borrowed. If you don’t repay the loan, your collateral can be kept by the lender or may be and sold off to recover the money that was borrowed.

There are a few types of collateral loans. The most popular and convenient type of collateral loans are car title loans. These loans use your car as collateral to get the loan amount you are eligible for. Borrowing the cash you need using your car as collateral is quick and easy with Quick Cash Canada.

Applying couldn’t be easier!  Give us a call or complete our online application form.

Simply enter in your information including the details of your car. The car information entered will help us  determine the value of your car and gives us an idea on how much money you can borrow.

After you submit the application, we do our best to process the application as quickly as possible. . Not having to deal with credit or background check with us saves you days of waiting. The collateral loans process is short and simple. It’s a good solution for individuals when traditional banks are not willing to help.

Benefits of getting car collateral loans with Quick Cash Canada:

Get instant cash

With Quick Cash Canada, get cash quickly regardless if you have bad credit. The loan process is quick and easy and can be completed within minutes. Easily get your cash within the same day.

No credit checks

Our  collateral loans do not require credit checks because these loans are secured by your vehicle (collateral). As long as you have a clear title to your vehicle, and meet the other requirements you should be good to go!

No Job Requirements

Don’t have a job or recently lost your job? No problem! You can still apply for a car collateral loan with Quick Cash Canada!

Less Paperwork and Minimum requirements

Quick Cash Canada offers quick approval with minimal paperwork requirements.

Hassle Free Process

Provide a handful of everyday documents such as  your your valid Canadian Driver’s License along with the documents of your car(insurance and registration).

No early payment penalties

There are  no penalties on early payment. You can pay your Collateral loan early at anytime with our flexible payment options.  

Are There Any Requirements?

There are minimum requirements to get approved for our car collateral loans. These include:

• A fully owned and paid vehicle (car, motorcycle, truck etc) that is lien free and no more than 10 years old
• An active Canadian driver’s license
• Vehicle must be registered and insured in your name.
• Second set of keys to your car.
• Provide proof of permanent residence.

Quick and  Easy Steps to apply:

• Fill out the online application form or give us a call.
• Submit all the necessary documents
• Set up an appointment at one of our locations to have your vehicle evaluated..
• Review and sign your loan agreements.
• Receive your  cash and drive away.

Collateral Loans are a  Great Way to Secure the Money You Need!

Car collateral loans are a great way to obtain the  money you need quickly. So hurry up and contact us now! Call us (toll free) 1-88-517-1625 or fill out an  online application form from the comfort of your home.

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