Tagged as: quick cash camrose alberta

Quick Cash Camrose Alberta Loans are the Same as Car Title Loans

Collateral car title loans are secured loans

Secured loans have lower interest rates and use only corresponding collateral. Unsecured loans are without any collateral but come at higher interest rate and will only be approved if the borrower has good credit. Naturally, with secured collateral quick cash loans, the loan is secured by the collateral which is the fully owned car and the car title.

Requirements for the loan

Must be 18 years or above. Valid driver’s license. Vehicle title with no outstanding liens on it. The car title is left with the lender as the collateral and the borrower continues using the vehicle. Proof of permanent residence. Vehicle registration and vehicle insurance. The vehicle itself for a detailed inspection and appraisal for its true market value.

Collateral vehicle …