Bad Credit Loans Grande Prairie Alberta is Simply Collateral Car Title Loans

Collateral car title loans are secured loans and much better than unsecured loans

Secured loans have lower interest rates using corresponding collateral. Unsecured loans are without any collateral but come at higher interest rates. Naturally, with secured collateral bad credit loans, the loan is secured by the collateral, this being the fully owned car and the car title.

Requirements for collateral car title loans

  • A person must be at least 18 years. Employment is not necessary and will not be checked.
  • Valid driver’s license.
  • Car title with no outstanding lien on it and fully in the name of the car owner.
  • Proof of permanent residence.
  • The car itself for a thorough and detailed inspection and appraisal.
  • No credit checks are necessary for no credit check title loans because the loan is secured by the collateral.

Collateral vehicle title loans are a blessing

Collateral car title loans are considered a blessing because the amount of money you can borrow is usually high and the period is much longer than other unsecured loans. The repayment loan terms can run up to 4 years. No early payment penalty will be charged. Interest rates are also the lowest in the lending industry, with payments possibly as low as $97 per month.

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.