Even with Bad Credit You Can Always Apply for Car Title Loans York Ontario

Bad credit or no credit is what makes a subprime borrower a high risk borrower. Normally denied by banks and financial institutions, these subprime borrowers have a credit score of less than 650. Even if a loan is approved, the interest rates will be much higher from the already high rates offered. Fortunately, there are collateral vehicle title loans specializing in serving subprime borrowers.

Credit reports will not matter

No matter what your credit rating is, it will not matter when applying for collateral car title loans. For one, the loan is secured since what matters is the collateral that covers the loan. This collateral is your fully owned car and the lien free car title.

Make sure that the true market value is clear

Before the lender approves the loan the car must be inspected and appraised. Likewise, brand and year of make will also matter. This is followed by getting the true value of the car so you have an idea how much you can borrow.

You can bet on the lowest rates and the longest terms

Interest rates for no credit check title loans are the lowest in the lending industry and the lowest compared to unsecured bank loans. Payments can be as low as $97 per month. Repayment terms are 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 emergency 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.