Tag: car collateral loans

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Sleigh Your Bills: How Car Title Loans Vernon Can Help You With Year-End Expenses

Are you sick of having year-end costs surprise you? Don’t worry—auto title loans are here to help you pay off your debt! A car title loan can give you the financial relief you need if you’re having trouble paying for those unforeseen expenses that always seem to crop up around the holidays. This kind of loan is hassle-free and convenient; it lets you use the equity in your car to get fast cash, so you can celebrate worry-free without going over budget. You can get the money you need with a title loan, all without the hassle of a drawn-out approval procedure or credit checks. Just use the title of your car as collateral to get the money you need quickly. During the holiday season, car title loans Vernon can be the ideal way to fill the cash gap, whether it’s for last-minute gifts, travel expenses, or even home repairs. Don’t let year-end spending overwhelm you. Find out how auto loans can help you reduce your debt and welcome the New Year without any worries with Car Title Loans Canada.

Typical year-end costs and how auto title loans can assist

Last-Minute Presents

Gift-giving is a common holiday custom, but these costs can occasionally take us off guard. Last-minute gifts can quickly mount up, whether they’re for an unexpected Secret Santa exchange at work or a forgotten family member. You can still celebrate the holidays without going over budget if you can get the money you need from Vernon title loans to pay for these unforeseen costs. Car title loans Vernon can help you avoid the stress of last-minute shopping and make sure that everyone on your list receives a thoughtful gift because of their quick approval process and easy access to funds.

Travel-related costs

Families and friends should get together during the holidays, but travel costs can strain your finances. The price of travel can soon mount up, whether you’re taking a holiday or visiting loved ones in a distant city. This is true for both holiday trips and lodging. You may enjoy your time with loved ones without worrying about money by using car loans to help you pay for these expenses. You can get the money you need for travel expenses and create enduring memories with your loved ones by pledging the title of your car as collateral.

Fixtures for the Home

Unavoidable home maintenance and repairs are frequently included in year-end expenditures. These unforeseen costs, which can range from mending a leaky roof to fixing a broken heating system, can strain your finances. Car title loans Vernon can give you the money you need to take care of these home repairs right away. You can get quick cash and make sure your house is ready for the holidays by using the equity in your car as collateral. Car equity loans can assist you in covering the costs and maintaining the safety and comfort of your home, whether you’re taking on a major renovation or a minor repair.

The auto title loan application process

Easy and Quick Access to Cash

Time is of the essence when it comes to year-end expenses. Title loans for cars provide a quick and easy way to get the money you need. Car title loans Vernon, on the other hand, can be processed swiftly, giving you access to the money you need in as little as 24 hours, unlike traditional loans that might need a lot of paperwork and a drawn-out approval process. As a result, you can take care of your year-end spending right away and prevent any possible financial strain.

No lengthy approval procedures or credit checks

The fact that auto title loans don’t need a credit check or a drawn-out approval procedure is one of their main benefits. They are therefore the best choice for people who have bad credit or who require quick cash. Since auto loans rely on the equity in your car as collateral, the approval of the loan is not influenced by your credit history. This implies that you can still be eligible for a title loan and obtain the money you require even if you have a poor credit score or a history of financial difficulties.

Adaptable Repayment Plans

Additionally, flexible repayment options are provided by car collateral loans, so you can select a repayment schedule that works for your budget. Many companies that offer auto title loans also have flexible repayment plans that you can customize to meet your needs, though the specific terms and conditions will differ based on the lender. There is probably a repayment plan that can fit into your budget, regardless of whether you require a longer-term option or would prefer a shorter repayment period. This flexibility reduces any additional financial strain during the year-end expenses by allowing you to repay the loan at a pace that suits you.

How to get a loan for a car title

The process of applying for a car loan is easy to understand and only requires a few quick steps to finish. An outline of the standard application procedure is provided below:

  1. Do Your Research and Select a Lender: To begin, look into and contrast the various auto title loan providers in your community. Seek out respectable lenders with favorable feedback from clients and affordable interest rates.

  2. Collect Required Documents: After deciding on a lender, collect the paperwork needed for the application procedure. This usually entails a valid ID, proof of residency, and the unlien stopped title of your car.

  3. Finish the application: Complete the application that the lender has sent you. The form will ask for some basic details about your vehicle. Be honest and accurate when providing the requested information.

  4. Submit the Application: Once the application has been filled out, send it to the lender with the necessary paperwork. While some lenders might accept applications submitted online, others might insist that you visit their office in person.

  5. Await Approval: Following receipt of your application, the lender will examine it and decide whether you qualify for a car title loan. You will be informed of the loan terms and conditions, including the interest rate and the maximum amount you can borrow, if your application is accepted.

  6. Get Funds: You can sign the loan agreement and get the funds if you accept the terms and conditions of the loan. The money could come from a cheque, direct deposit, or another source.

  7. Repay the Loan: Ensure that you comprehend the terms of repayment and that you make timely payments in accordance with the prearranged timetable. You run the risk of incurring additional costs if you don’t pay back the loan on time.

Advice on how to use auto title loans sensibly

Although auto title loans are a useful financial tool, it’s crucial to use them wisely. Here are some pointers to remember:

  1. Borrow Only What You Need: Evaluate your financial status and ascertain the precise amount you require prior to applying for a title loan. Overborrowing can result in needless debt and financial hardship.

  2. Recognize the conditions and terms: Before you sign the agreement, make sure you have read and comprehended the terms and conditions of the loan. Keep an eye on the interest rate, the repayment plan, and any other costs or fees.

  3. Establish a Repayment Plan: Make sure your repayment plan is both affordable and guarantees on-time payments. Make loan repayment your top priority to stay out of a debt cycle.

  4. Communicate with the Lender: Get in touch with the lender if you’re having trouble repaying the loan. To assist you in staying on schedule, they might be able to provide answers or different options for repayment.

Conclusion: Using car title loans Vernon as a financial tool during the year-end expenses

Because your car’s value determines your eligibility more so than your credit history, getting approved for a title loan is usually easier than for traditional loans. In order to be eligible for car title loans Vernon from Car Title Loans Canada, you must typically meet a number of standard requirements. First and foremost, the car must belong to you and have a clean title that is unencumbered by loans or liens. Identity verification also requires the presentation of a legitimate government-issued ID, such as a passport or driver’s license. Delivering proof of your present address, like a utility bill or rental agreement, could also be necessary. Last but not least, the lender will frequently perform a physical inspection of your car to determine its worth and condition. Remember that specific requirements might change based on the lender. To speak with a professional, call today at tel:1-877-804-2742. 

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Start a Bakeshop With a Quick Car Loan Calgary Alberta

According to the FCC, “bakeries represent the second largest food manufacturing sector, only behind meat product manufacturing.” The industry is expecting to have positive annual growth. Thus if you are thinking of venturing into the bakery business, this might be an excellent business to start if you know how to run it. A Quick Car Loan Calgary Alberta, can help if you need an additional funding source.

Things To Consider In Starting A Bakery Business

  • Create a business plan. To start a business, you should always start with a business plan. You will know from your business plan if the business venture that you have in mind is feasible.
  • Capacity to start a bakery business. There are several factors to consider if you want to assess if you can manage a bakery business. Such as your financial capacity, skill, and knowledge about the bakery business.
  • Funding. Do you have enough money to start and operate the business? How much do you need to borrow if you get an auto finance bad credit loan? Do you have collateral for your car collateral loans?
  • Location. The choice of a place where you want to put up your bakery is very crucial. A poorly chosen location can cause your business to lose.
  • Niche. Niche is vital in a bakery business because it will contribute significantly to your success. Think about how you will set yourself apart from competitors. What will make your customers return to your shop and tell others about it?

Is It Right To Take Out A Loan To Start A Business?

Loans are a good option when you need capital to run your business. What is not right is when choosing an auto loan with very high-interest rates.

Let Car Title Loans Canada help you start your bakery business now. To know more about our offers, visit our website or call our toll-free number at 1-877-804-2742. Borrow the money you need at a low-interest rate and flexible payment terms.

For more information, follow us at: 

Facebook: https://www.facebook.com/CanadaCarTitleLoans?business_id=1107225376059083

Twitter: https://twitter.com/CNcartitleloans

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Is Car Pawn Loans Canada a Good Option To Get Quick Cash?

If you’re having a hard time making ends meet but need some quick cash, car pawn loans Canada might be the perfect solution. This financial service is a type of collateral loan, and it offers easy repayment terms and no hidden fees. It also has low APRs if you can’t pay on time. You could say that this service is worth looking into if you want to learn more about borrowing for something.

What are Car Pawn Loans?

A car pawn loan is when you borrow money using your vehicle as collateral. It can certainly help with someone’s financial issues if they’re struggling a bit and have bad credit or a lot of debt. If a person wants to get their loan paid off quickly, they can always pay on time or pay off early for the privilege of getting their car’s title back quickly. If not, they can accept the penalties for being late and weighing down the car’s value, thus lowering how much a dealer is willing to pay.

What is Included in Pawn Loan Service?

  1. The loan will require a detailed inspection of the car to assess its value, making sure the borrower is not lying about their vehicle.
  1. The loan will have an interest rate, but it will be as low as possible. If you pay on time and repay within your given timeframe or early, no-prepayment penalties are added to your loan amount.
  1. It can take just an hour after approval when it comes to financing. 
  1. You are given ample time to pay back the car pawn loans, and you can get your car title as soon as your loan is paid off in full.
  1. You get a set amount of time to pay off the car pawn loan, but you can always ask for an extension from our loan advisors if you need more time.
  1. If you need any help paying off the loan, you can always work with a representative who will work with you on these issues. There are times when certain people have difficulty paying their bills and might be behind on other debts and their rent or mortgage payments.
  1. You can get car title loans in Nova Scotia, even if you have bad credit or a low credit score.

What are the Rates of Car Pawn Loans?

The rates for car pawn loans are usually about 30% APR, but this varies from company to company. If you don’t pay on time and wait until payment is due, you could be facing anywhere from 20% to 35% in penalties. With Car Title Loans Canada, you get the lowest interest rate, as low as 3% per month. Our loan terms are for 4 years, and no prepayment penalties. 

What is the Process of Getting a Car Pawn Loan?

To get a loan through us, you can fill out the application on our website or apply by calling us. You will be asked for a few personal details and to provide some proof of identity and proof that you own your vehicle. If you have bad credit or haven’t had much credit in the past, we can help with bad credit car loans Ottawa. Your car is then inspected to determine its actual value and if there are any dents or scratches present on it. If this is the case, and the vehicle is not worth enough to get at least 4 percent of its value, then there won’t be a loan for you.

Conclusion: 

Because this is such an easy step to take towards getting back on your feet financially, it can be a good option for you to consider. It’s worth looking into, especially if you’re having trouble with payments or your credit rating won’t get approved for a loan. You could say that this is a type of car collateral loans are worth looking into.

Car Title Loans Canada has been helping people get out of their financial situation using the car as collateral since 2004. Call us today at 1-877-804-2742.

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What is a Specialized Car Equity Loan?

car equity loans

 

The first step is to understand what exactly  a car equity loan is. It is a type  of loan that  uses the title papers of a  vehicle as collateral in order to get monetary aid. A car title loan provides you with a loan amount instantly by using the title papers of your car issued in  your name. However, the loan amount is decided based on the equity value of your vehicle. By equity, we refer to the present market value of your vehicle. If you are in need of immediate cash to cater for emergency expenses, a specialized car equity loan in the answer. In time of a financial crunch is there anything better than instant loan approval? This type of  bad credit auto loan is processed  and you can get instant cash out on the very same day of approval. You can attend to all your immediate expenses like house repairs, overdue utility bills, medical bills, or even divorce settlements.

Why Choose us for  a Bad Credit Loan?

We are proud to say that we are the best in the market when it comes to an auto title loan. We can assist you and provide you the best interest rates against your fully paid for vehicle. Our customers enjoy various benefits that we have to offer and on top of that our title loans are based on easy  low monthly payment options.. 

No proof of income required – We do not require  any proof of income when  applying for a car title loan because that’s the least of our concerns. Your loan approval is not based on your monthly income or a good credit score. All we require from your end is a clear title paper for your  vehicle under your name.

No credit history or credit score checks – In order to apply for a loan with most companies in the market you need to have good credit before your loan request is accepted. Our company does not follow this rule; your credit score or income status doesn’t affect us from approving your loan request. We understand the essence of time and the different situations and approve your loan against your  vehicle title papers.

Zero prepayment penalty – Yes, you read it correct! We do not charge our customers anything extra for an early loan pay out. The choice is entirely up to you if  you want to make an early loan payment to pay off the loan.. If you decide and go ahead and pay off the loan earlier than expected then there is no need to worry over any fees or  extra charges!

Keep your vehicle  – You must be wondering what the catch is in this kind of loan approval. Well, here it is, we approve your loan request without keeping your vehicle. Keep in mind not every loan company does this We don’t hold on to your vehicle. You may keep using your vehicle just as you did before getting the loan. We just hold on to your car’s title papers as you make your monthly payments.

Longer loan terms of up to 4 years – The loan term we offer for repayment is up to 4 years which gives you enough time to pay off the loan through monthly installments. Longer loan terms are  convenient and budget friendly since  monthly installments are super affordable.

Same day loan approval – A person usually applies for a specialized car equity loan when in need of immediate cash. In such a scenario, banks may keep you waiting for an answer. Our process is user friendly and easy. We also avoid the hassle of piles of  paperwork. With us, your loan is approved within a day and you can get the cash on the same day of approval to cater to your urgent financial needs.

Guidelines to apply for a Title Loan

Our process for applying for a vehicle title loan is super easy and quick. Get in touch with us and we will provide you assistance every step of the way.  Our loan agents who will explain the whole loan process in detail. Our loan agent will take you through the process step by step and happily answer your questions. Alternatively, if you are comfortable with doing so, you can also visit our website, and also get more information. We guarantee that we require minimal documentation. After the paperwork is complete we will do a thorough check on your vehicle’s overall condition. Once all steps are followed, you get the loan approved and get  immediate funds on the very same day.

Requirements

  • Fully paid for vehicle which is no older than 10 years
  • Valid Canadian driver’s license
  • Lien free title of the vehicle
  • Vehicle registration papers in your name
  • Proof of permanent residence in Canada
  • Insurance papers under your name covering collision and comprehensive insurance
  • Second set of the car keys which work on all the doors including the engine
  • Proof of legal age as per your province

To get in touch with our loan agent call (toll-free) 1-877-804-2742 or apply online today!.

You can follow us on social media:

Face book: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

 

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Q&A on  Low Monthly Car Collateral Loan

low monthly car collateral loans

A low monthly car collateral loan allows  you to borrow cash in exchange for the equity of your car by using the lien free title papers as collateral. This loan is a great option for those whose bad credit score would easily get them disqualified for bank loans. We, at Car Title Loans Canada help our clients by providing instant cash through an auto equity loan. We want your loan  to be a pleasant experience throughout. Therefore,  we’ve answered all your questions regarding our loan process.

  • How much can I borrow?

The loan amount is determined by the equity value of your car and its present condition. The better the condition of your vehicle, the more amount can be borrowed. Details such as the year, make, model, kilometers and condition of the vehicle are also considered. While borrowing from us, you can borrow  cash up to $25,000 easily.

  • Is good credit score a mandatory requirement?

As long as your vehicle is free from all previous financial obligations, you can borrow from us without any hassle. We do not do any credit checks and lend instant funds irrespective of your credit score.

  • How long does it take to receive the cash?

Our loan approval process is quick and safe. You get the funds within a few hours of your loan approval. If you are in dire need of cash, borrowing from us using your car title is the best option since you can get cash on the same day of applying.

  • Are there any job requirements to apply for this loan?

A car title loan is given against the title documents of your vehicle. Your vehicle is your credit and is the main  factor that helps you get your loan. We do not ask you to produce any proof of employment or income.

  • What are the interest rates?

The interest rates charged by us are guaranteed to be the most competitive in the car title loan industry. We do not want to worry you with heavy monthly instalments. Our interest rates are up to 70% lower than our competitors. We are the best in the low monthly car collateral loan industry.

  • What is the repayment process?

The repayment process is very easy and convenient. We provide the easiest and most flexible repayment options to keep your life financially stress-free. We want to make sure that your financial burden gets taken care of with pocket friendly installments. Thus, in order to keep your monthly instalments as low as possible, we provide the longest loan duration in the industry. And the instalments can be as low as $97 per month.

  • Are there any early payment penalties?

You are free to end your loan before its maturity. Unlike banks and other lending sources, there will be no prepayment penalties charged on making an early pay out. So repay your loan early and be free from your debt.

  • How complicated is the paperwork?

Unlike banks, the paperwork is very simple and easy. We don’t want to burden you with frustrating documents. All you need to have in order to be eligible to borrow from us is the following:

  • A fully paid for vehicle no older than 10 years

  • A lien-free title to your vehicle

  • Proof of permanent residence (a piece of computer-generated mail)

  • Vehicle registration and insurance papers in your name

  • A valid Canadian driver’s license

  • A second set of keys to your vehicle

  • Proof of legal age as per your province

     

  • How to apply for a low monthly car collateral loan?

  • Call or Apply Online

You can initiate your loan process with just one quick call or by filling an easy online application form on our site.

  • Verification of the Paperwork

The documents provided will be reviewed and  verified within no time of applying. 

  • Keep Your Car During the Loan

Once the loan process is over, you can take your vehicle home. We understand how important your vehicle is for your daily routine . That is why we do not store your vehicle.

  • Receive the Cash

After everything is done, you get your cash and you can simply  drive off with your funds.

 

Hurry up and don’t wait! Call us (toll free) 1-855-653-5448 for more information or alternatively apply online on our website..

 

You can follow us on social media:

Face book: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

 

 

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Is It Safe To Borrow Using My Vehicle? 

borrow using my vehicle

 

When financial trouble strikes it doesn’t usually give you fair warning or a heads up. It simply  comes unexpectedly and tosses our budget up in chaos. It then becomes  difficult to handle financial situations if you are running short of money. Living paycheck to paycheck makes it even harder to save for the rainy days. Some also  have huge credit card bills to pay while some have medical emergencies to look after. Many Canadians find it difficult to find  money solutions for times like these. Many  consider asking  their friends or  relatives for money as getting a loan  from the bank may  take several days. But they can’t  bail you out of financial trouble every time.  It also isn’t really nice to ask for money every time you’re in trouble. Well what if I tell you  that you can get the money you need from the vehicle parked in your garage. Yes, your vehicle is capable of helping you attain cash and best of all you don’t even have to sell it. If the thought of ‘borrowing using my vehicle’ ever crossed your mind then we would like to tell you that yes it is possible! This  is known as auto title lending where you use your vehicle title as collateral to obtain the money you need. 

Auto Title Lending

This lending type allows you to use the title papers of your vehicle as collateral. In return, the money obtained can be used however you see fit  like paying  overdue credit card bills, medical bills, house renovations and/or, tuition fees etc. Whenever one requires cash instantly, a car title loan can be of great help. What sets this loan apart is the quick processing time compared to traditional bank loans. Visit our website Car Title Loans Canada, to fill out a basic application form and get prequalified. After getting a rough quote we will set up  an appointment to have your vehicle inspected. The whole loan process takes less than 24 hours and you can get your cash. 

Bad Credit Score? No Worries

Traditional banks are not the right place for you if you have a poor credit score or no credit history  at all. However, we approve all car title loans with bad credit history because these are collateral loans secured by the title paper of your vehicle not your credit. In such loans, a credit check is not performed  and people with no credit history can also apply easily with ease. Loan applications  with low or poor credit scores are not first choice  by banks and credit unions. They have a higher chance of getting rejected or have to pay a higher rate of interest for that matter. We, at Car Title Loans Canada accept all loan applications  especially those with bad credit. Providing  a quick loan against your  vehicle title quickly  and helping you  face  financial problems head on is  what we are best at.  

Keep Your Vehicle

We give the loan against the equity value of the car, but we don’t keep or hold on to your  car.  This means you’re free to take your car once the inspection  process is over. There’s absolutely no need to surrender your car in order to borrow the cash you need. We understand how your vehicle is important to keeping your livelihood going. Throughout the entire loan term you can keep driving your vehicle while  paying the monthly installments. We simply  hold on to your car title papers while you pay for the loan each month.

No Job, No Problem!

Borrowing using a vehicle couldn’t be  more easier!. Banks and credit unions will ask for proof of employment and income in order to process a loan application. But, with our car equity loan you don’t have to worry about producing any of that. In case you are in between jobs and need some money to cover  expenses, an auto title loan is your solution. . Use your fully paid for vehicle as collateral and get a significant amount of money to get you back on yur feet. There’s no need to worry about the monthly loan payments as  payments are flexible and budget friendly.  Whenever you have extra funds you can also make an early payment to close the loan at anytime. There are no prepayment penalties for doing so. 

Car title loans have gained a lot of popularity for Canadians  who are in need of  money without any unnecessary delays. You can count on a  safe, secure, and  convenient loan process. Apply online or call (toll free) 1-877-804-2742 for more information on how to get started today. 

You can follow us on social media:

Face book: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

 

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Bad Credit Auto Loan – Quick Cash Against Your Car Title 

bad credit auto loan

 

The idea of getting behind a brand new set of wheels is exciting, isn’t it? One can easily get a new vehicle as there are a wide range of financial tools out there to help you get a car loan. However, this blog is not about getting a loan for a new vehicle. It’s quite the opposite though. We are going to talk about auto title loans. They are completely different from the well known car loans. Instead of borrowing the funds to buy a new vehicle, an auto title loan allows you to use your existing vehicle to borrow  money for your expenses. It’s basically borrowing cash using your  vehicle vs borrowing cash to buy a vehicle.. Car Title Loans Canada is highly experienced  in providing  bad credit auto loans to Canadians who are in need of  immediate funds for financial emergencies. It is also a good option for many people with poor credit scores..  

What is a Car Title Loan?

In simple words, it is a loan that you get by using the equity value on your fully paid for vehicle. We simply hang on to your car title papers for the duration of the loan. . We use the equity value of the vehicle as the basis to lend you the required sum of money. The condition of the vehicle also helps in deciding the loan amount you are eligible to borrow. A recent survey shows that approximately 1 in every 3 Canadians is under constant stress due to money issues. It could be due increasing credit card debt, long overdue utility bills, home renovations or massive medical bills. People simply remain unaware of the financial sources that are available. 

Anyone who owns a fully paid for vehicle (car, SUV, truck etc.) that is no older than 10 years can easily apply  by using it as collateral for a loan. You get the funds you need , while we keep the  title papers with us for the term of the loan. We provide a hassle free and quick loan process that  makes it easier for people to get hold of much needed cash. There’s no need to apply for a personal loan with a bank just to  wait  weeks or months for approval. 

Benefits of a Car Title Loan

There’s absolutely no need to produce a good credit rating to get a  loan from us. Since  the loan is secured by the title papers of the car, a perfect credit or anything to do with your credit score is not necessary. A person with good equity in his car but has poor credit can easily apply for a loan. The loan  amount will be based on the equity value of the car and condition. . Our online platform also allows the borrower to send in his loan application to us in minutes. We will review the information to prequalify you and then one of our agents will be  in touch to provide further details about the next steps. We are professional and ensure complete confidentiality in money matters. 

Bad credit auto loans also allows you to use the vehicle and does not require you to surrender it during the loan tenure. Many lenders out there keep the vehicle for the loan term but we don’t do that. We will also promptly  return  your auto title papers once the loan has been repaid in full.  Another benefit with our loans is that you  can repay the loan at any time before the expiry of the loan term. We don’t charge any prepayment penalties or fees  for doing so.

Our loans are spread  over a long and convenient tenure of 4 years. We won’t ask for your job details or verify your income details. You can make easy low monthly payments with ease. 

There are some supporting documents that are required  by the borrower during the loan process:.

Documents:

  • A valid Canadian driver’s license
  • Proof of permanent residency
  • A fully paid off vehicle for inspection (not older than 10 years) 
  • Registration and insurance papers in your name(collision and comprehensive)
  • Lien-free title to your vehicle 
  • Second set of keys 

Get in touch with one of our agents to know more about bad credit auto loans by calling (toll-free) 1-877-804-2742 today or by applying online. 

You can follow us on social media:

Face book: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

 

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What are the Requirements For A Minimum Credit Score Loan?

minimum credit score loan

No matter how much we try to control money, in the end it’s money that controls our lives. We try our best to manage our budgets. But sometimes, unforeseen circumstances force us to shed our savings or even take a loan in order to cope.

A credit score below 574 cannot go to banks even if they have good monthly income without judgment. They’ll likely face rejection despite the banks knowing the severity of your cash crunch. With that being said it is always good practice to know your credit score on a regular basis and find ways to improve it. But first let’s discuss a great option for Canadians who have poor credit or credit scores below the ideal credit score . A minimum credit score loan is a loan in which anyone can get a loan and there’s no minimum credit limit set for it. In other words, to get this loan, a credit score is not needed. People with damaged credit can get a loan as long as the other criteria is met.

Requirements To Get A Minimum Credit Score Loan

The whole basis of a minimum credit score loan lies in your car. Your car is used to get a loan in times of emergency. An auto title loan requires nothing but a fully owned car that has no liens and clear title documents. If there are no outstanding payments to be made on that car, it can be used to get cash to clear up your debts like credit card bills, utility bills, and medical bills, etc. It is a fully secured type of a loan and comes with a lot of benefits.

Apart from the original title document, there are a few more requisites that will automatically qualify you for a car collateral loan.

  • You must be of legal age in your respected province.
  • The vehicle being considered for a title loan must not be older than 10 years. Your vehicle will be checked thoroughly during inspection
  • You also need to provide registration and insurance papers of your car which needs to include comprehensive and collision insurance. These documents should be in the name of the owner of the vehicle.
  • Since it’s a vehicle title loan, a Canadian driver’s licence in the name of the owner of the car is mandatory.
  • Only the title of the car will be kept as collateral, so would be the spare set of keys that should work on all doors and ignition of the car.

If you have all these prerequisites, be ready to bid adieu to your abrupt and unexpected money issues by obtaining a loan from Car Title Loans Canada. Now that we are done with the eligibility criteria for a car title loan, let’s see how we can improve our credit score.

Steps To Improve A Credit Score

A poor credit score can be a real bummer if you are considering a loan from a traditional source like a bank or a credit union. A Minimum credit score loan is a great way of getting back on your feet and building up your credit report. Apart from this, you can also:

  • Keep an eye on your upcoming payments. Make sure you pay them on time. You can schedule reminders on your calendar or mobile phone.
  • Don’t skip payments of any kind. If you are not able to pay on time, get in touch with the lender to see if you can make arrangements.
  • If you use a credit card, use it responsibly. Never spend what you can’t repay. A single missed payment on your credit card can put a dent on your report. Credit cards are a major contributor to a bad credit history.
  • Try to increase your credit history by taking out a long term loan and paying them on time. You’ll get them on low interest rates too.
  • Diversify your credits. Take a car loan, credit card, or any line of credit for that matter. Mixing it up and paying on schedule will help build both your credit history and credit score but don’t do them all at once.

Contact us today to prequalify for an auto title loan. Car Title Loans Canada is here to help you during your financial troubles. Call toll free 1-877-804-2742 and talk to one of our loan agents today or apply online. 

 

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Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

 

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Requirements For Getting A Loan Against a Car Title

loan against a car title

Are you in need of some quick cash? A personal loan from a bank isn’t always the quickest answer. There are several alternatives one can consider. A loan from a bank should be somebody’s last resort but before that, there are better options like car title loans. These loans offer a hassle-free borrowing experience. 

If you want to get a loan against car title then you must be aware of some facts. For this loan, you have to own a vehicle with  lien-free title . Canadians will be glad to know that this type of loan requires no credit checks and hence makes a quick loan option. Unlike banks, a lot of time goes into verifying the credit history or credit score of the borrower. This loan is secured by the title papers against which the money is given to the borrower. Before applying for this type of loan, one must know all the basic requirements.  

In addition, the borrower must be aware of simple yet important points like the duration of the term, interest rate and other terms and conditions. It all starts with a simple application process that has to be filled out online. You can also call the loan agents at Car Title Loans Canada and get all the information and any of your concerns addressed.

What Are The Requirements?

If you want to get your title loan from Car Title Loans Canada, you need to bring in your vehicle for inspection. We will then verify the condition of the vehicle and review your  vehicle documentation. If all is well, we keep the title to the vehicle in and provide you with the loan amount. A lien will be placed on the title which will be cleared after the loan amount is paid in full. The loan term will be spread over a period of 48 months but the borrower can payout the loan at anytime. There are  no charges for prepayment. It means that there’ll be no penalty if the loan is paid back before the end of the loan tenure. The loan amount depends on the value plus condition of the car. If it is well maintained newer vehicle, it will likely get you more funds. The loan payment are convenient and can be as low as $97 a month. To get an auto title loan, there are a few things required that every borrower needs to have. The borrower must own the vehicle outright and there shouldn’t be any liens on the title. All the following documents will have to be submitted in order to  get the loan approved on the same day, and the loan amount within few hours. Let’s have a look at the required documents for loan against a car title. 

  • Original vehicle title in the name of the borrower
  • Valid Canadian Driver’s License
  • Proof of permanent residency
  • Vehicle registration in your name  
  • Proof of vehicle insurance that covers collision and comprehensive
  • Spare set of car keys

One of the most amazing things about vehicle title loans is that one does not have to have a good credit score or or good credit history to be eligible for this kind of loan. Many lending services like banks or credit unions have made it mandatory to check  credit scores of a borrower. This makes it a little difficult for people with low credit scores to get loans from banks. So, to meet their financial needs they can take a loan against their car title. Also, there’s no need to be employed when applying.. The resale value of your car determines the loan amount you can borrow. Canadians  who are of legal age and own a lien-free car are eligible to apply. They must also have a driver’s license which is valid in Canada. Once your online loan form is reviewed, you’ll be asked to visit a nearby branch for the car inspection. Once everything has been reviewed, you will receive the loan money based on the value and condition of your vehicle. And since we  base this loan on the vehicle title, you get to keep your car. Keep using the vehicle as you normally would for the entire loan period. 

Once you submit all the papers and your car has gone through the verification process, you’ll be given the loan money within hours. 

If you want to know more about getting a loan against your car title, , contact us  (toll free) 1-877-804-2742 or apply online. 

 

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What is a Same Day Cash Collateral Loan?

same day cash collateral loan

 

You  must have heard about collateral loans before? This is where you  use some sort of asset as security with the lender to get a loan. These things are very common and have been in existence for  centuries. There were times when the lender was able to hand over the cash to the borrower that very instant. Then came times when a lot of security checks were done to ensure that borrower meant right when asking for money. Now  with the advancement in technology, new and better financial tools are coming up to help the financially distressed. The demand for loans is increasing day by day as we keep advancing towards a better standard of living. To meet the rising needs of day to day life, people are in search of loan options  like Same Day Cash Collateral Loans. 

These loans are a blessing for people in need of immediate cash. There could be many reasons for such urgent requirements. One might be late in paying the utility bills, or might be planning a vacation for the family, or even be caught up in some silly money crunch. For such immediate requirements, one cannot depend on banks. They can take forever to process, only to be left with late or no money at all. Banks and other traditional institutes have a strict way of processing loan requests. They need a credit score of more than 650* (*different banks have different credit score criteria) to even consider the loan request. Apart from this, they even peak at your  job profile and credit records. A lot of things are kept in mind by these institutes. It has become tougher than ever to get a loan. But that’s not the case with same day cash collateral loans. First and foremost point of interest for the borrower is the same day processing and disbursement of the loan. The documentation for loan and collateral are processed the same day, in fact within hours. Car Title Loans Canada is an expert of these loans.  

Getting to know them better…

For  these loans, the borrower  uses the title of his car as collateral to obtain funds. This means  the title of the car is kept with us temporarily in exchange for the loan. The loan given is in the form of cash. You get to borrow cash  and keep your car. Nothing could be more convenient and quick!. The following are some more points to keep in mind about same day cash collateral loans:

  • Applicant can fill the online form within minutes.
  • No job requirements
  • Bad credit history is also not an issue while applying for these loans. 
  • No need to pay any early payment  penalties or charges if you want to pay off the loan in full earlier than expected. You are free to close the account by paying the remaining loan amount when you want. 
  • Cash is given out to the applicant within hours of processing and verifying the loan. 
  • Interest rates  are lower than what is available with our competitors.
  • Loan payments are affordable and spread out into 4 year loan terms. 

Minimum Requirements

A Same day cash collateral loan against your car title is your way out of your money problems like medical bills, utility bills, divorce and many more that come your way uninvited. One never really knows when a financial emergency can strike and uproot your routine and disturb your peace of mind. Opting for car collateral loan requires very basic documentation which a car owner normally carries all the time. Requirements include:

  • A Canadian Driver’s License
  • Proof of legal age based on their respective province
  • Proof of permanent residency
  • A fully paid off vehicle, no older than 8 years 
  • Registration and insurance papers of your vehicle in your name
  • Clear lien-free title on your vehicle 
  • Second set of keys for your vehicle

Car Title Loans Canada deals with same day loans daily and has helped thousands of Canadians come out of money woes by providing timely loans. You also can solve your financial  issues by using your car title as your way to get cash! Get in touch with us today to know more about Same Day Cash Collateral Loans. Call us at toll-free 1-877-804-2742 today or apply online. 

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Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans