Get Emergency Cash from Bad Credit Loans Lacombe Alberta Instead of Getting an Unsecured Bank Loan

Secured collateral bad credit loans use a fully owned car and its car title as collateral. The lender holds on to the car title while the loan is being paid and places a lien on it until the loan is fully repaid. The borrower can still continue using the car while repaying the loan.

No credit checks are ever done

Collateral vehicle title loans never takes into account your credit rating. Your credit rating has no bearing on the loan approval because the loan is secured by the collateral. All that is important is that the car is fully owned and paid for and the car title is lien free.

The great advantages of collateral vehicle title loans

A collateral car title loan simply uses your car as collateral for the loan and the lender becomes the lien holder on your car title while you are paying back the loan. The loan amount is determined by the car’s true market value after the car is inspected and appraised.

No credit check title loans have the lowest interest rates when compared to unsecured bank loans and short term loans. In the whole lending industry, it is also the lowest. Much lower interest rate can be offered, with payments as low as $97 per month. Loan payment terms are the most flexible and the longest up to 4 years.

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.