Bad Credit Loans Stony Plain Alberta Is the Answer to Your Unexpected Financial Problem

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Bad Credit Loans Stony Plain Alberta Is the Answer to Your Unexpected Financial Problem

Jul 12, 2015

No matter how careful you are, you cannot always be ready for emergencies. It’s not uncommon to find yourself strapped for cash when an urgent need suddenly arises.

With vehicle title loans you pledge the vehicle title as collateral in exchange for a loan amount. The precise amount they give you will depend on what kind of vehicle you have and the condition of the vehicle. People are often surprised that the interest rates on these loans are the lowest and they are the best option for people who have bad credit or no credit. Collateral vehicle title loans are approved within one hour of application.

What are the requirements to apply for a collateral vehicle title loan?

When taking out collateral car title loans make sure that the vehicle is fully owned and fully paid and the car title is lien free because the lender needs to place a lien on the car title. You must also be 18 years or older to apply for a loan, and must be able to show that you have a valid driver’s license. However, employment is not necessarily a requirement, so long as you have a means of income. You also need to show proof of permanent residence.

What happens if the borrower has bad credit?

Nothing. No credit check title loans don’t need any credit checks for the loan approval. This is because the loan is already secured by the collateral. In spite of bad credit or no credit, you can borrow as much as $35,000.

Lowest interest against the competition

Up to 70 percent lower interest can be offered against anything the closest competition can come up with. This makes collateral vehicle title loans the lowest interest rate in the lending industry. Loan payment terms start off at 2 years and can be adjusted up to 5 years.

Where can you apply for a collateral vehicle title loan?

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.