Bad Credit Loans North Vancouver British Columbia Means that Even with Bad Credit You Can Still Get a Loan - Instant Loans Canada

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Bad Credit Loans North Vancouver British Columbia Means that Even with Bad Credit You Can Still Get a Loan

Jun 16, 2015

A bad credit score or having no credit history should never stop you from applying for a collateral vehicle title loan.  

Certainly not, especially if you really need to get fast cash because your next paycheck is still weeks away or your small business is having a bit of a cash shortage. Many people also don’t know the fact that if they have no credit history, getting a collateral vehicle title loan will start up their credit history. However, if you do have a bad credit history, car title loans will still be approved so long as you have the necessary collateral.

Applying for a collateral vehicle title loan

Vehicle title loans specialize in subprime borrowers and those with no credit history. These specialized lenders will make sure that even with your bad credit score you can still get a collateral vehicle title loan. The only collateral needed is a fully owned car and its corresponding car title that should be lien free. You can loan for as little as $1,000 or as much as $35,000.

Low interest rates and long terms will actually help your monthly payments

Because no credit check title loans are secured by collateral, interest rates are the lowest in the lending industry and the loan terms can have longevity. Collateral vehicle title loans can actually go up to 70 percent lower than any other competitor that comes close to us. Loan payment terms are also adjustable starting at 2 years and can go up to 5 years. That’s good news for your monthly payments and budget.

The one-hour approval

To be approved in just one hour all you need to do when applying is to:

  • Fill out and submit the online application form.
  • Have the car inspected by the lender and appraised for its true market value to determine the loan amount.
  • Show the car title so the lender can put a lien on it.
  • Show a valid driver’s license.
  • Show proof of permanent residence.

Instant Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online.