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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 …