With unsecured bank loans or short term loans the lender only approves the loan if the borrower has good credit. But with collateral vehicle title loans credit ratings don’t affect loan approvals. As a secured loan, the loan only needs a fully owned car and lien free car title as collateral to secure the loan so no credit checks are needed.
The main thrust of every secured loan is to allow borrowers to use their fully owned car as collateral for vehicle title loans Greater Sudbury Ontario. The car is inspected and appraised for its true market value to determine the loan amount. The car title is left with the lender so a lien can be placed on it. The lien is removed when the loan is fully repaid. Because of the car title, the borrower can continue using the car while repaying the loan.
The interest rates for no credit check title loans are the lowest in the lending industry.
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.