With Bad Credit Loans Ajax Ontario No Credit Checks are Ever Done

Many people fear the dread of credit checks especially when their credit score is low, and they need to get a loan for an emergency. 

Credit checks can be cruel for those in need of emergency cash

Credit checks are generally nasty; the lender checks your credit score to see if your credit history is okay and there is minimal risk. Therefore, if you have a poor credit history, your loan will never be approved. Borrowers of collateral bad credit loans don’t need to have their credit checked. This is because the loan is already secured by the collateral, this being the car title.

The great benefits of collateral vehicle title loans

To apply for collateral vehicle title loans, you give the lender the car title as collateral. The loan has to be repaid in flexible terms up to 4 years. The interest rates are also the lowest in the lending industry and the lowest when compared to short term loans and unsecured loans. Payments can be as low as $97 per month. Aside from your application, you also need to show the lender:

  • Your car for inspection and appraisal to determine its true market value for the loan amount.
  • Proof of permanent residence.
  • A valid driver’s license.
  • The car title that should be lien free so you qualify for no credit check title loans.

Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.