Bad Credit Car Loans Delta British Columbia is Every Reason to Apply for a Collateral Vehicle Title Loan

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Bad Credit Car Loans Delta British Columbia is Every Reason to Apply for a Collateral Vehicle Title Loan

Oct 19, 2015

A bad credit report is no reason not to apply for a collateral vehicle title loan.

Interest payments for collateral vehicle title loans are the lowest

This is because interest rates will not depend on the borrower’s credit score. Interest rates for collateral car title loans are the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered against the closest competitor out there.

A bad credit loan is always available to people who have bad credit scores.

Collateral vehicle title loans are tailor-made for unexpected or emergency needs for people with a bad credit history. The loan payment terms start off at 2 years and are flexible up to 5 years. In spite of this, you need to take care of your credit score, and no credit check title loans can actually improve your credit score. Regardless, whether the borrower has bad credit or no credit, the credit rating has no bearing on the loan approval because the loan is already secured by the collateral. The loan amount is determined by the car’s true market value after a detailed appraisal. The loan amount can be as little as $1,000 or as much as $35,000.

Getting a collateral vehicle title loan is not difficult

Follow these steps so you are approved in just one hour:

  • Make sure your car is fully paid for and fully owned and the car title is in your name and with no outstanding liens on it.
  • Make sure you have a valid driver’s license to prove that you are actually driving your own car.
  • Provide proof of permanent residence.
  • Have the car inspected and appraised in detail.

When you do get your loan, make sure that you make timely payments

This will increase your credit rating score and make it easier for you to get more loans in the future.

At Instant Loans Canada, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online. You’ll speak with a member of our dedicated team and see how Instant Loans Canada can help.