Car Title Loans Durham Ontario is Not the Cause of Deeper Debt

Because of some unscrupulous unsecured bank lending and short term lending, these lenders take advantage of people’s financial problems by jacking up interest rates, extra fees, and making the possibility of deeper debt for the borrower a reality. Good thing there’s an alternative called collateral car title loans.

Low risk loans

Collateral vehicle title loans don’t have to charge high interest or offer short-term payments because the loan is low risk due to the collateral. No credit checks are needed to approve the loan in one hour so you get the loan even if you have bad credit.

The vehicle is the borrower’s lifeline

The car is inspected and appraised to determine the loan amount, minimum paperwork is submitted, the loan is approved in one hour, you get the cash on the same day, and then, you get to drive away and continue using the car. This is because you leave the car title with the lender as collateral.

What great benefits

What is needed is only the bare minimum in requirements like your valid driver’s license, thorough inspection and appraisal of your car, proof of permanent residence, making sure your car is insured, and the lien free car title. Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to unsecured bank loans. Payments can be as low as $97 per month. Payment terms are reasonable ranging 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.