Improving Your Credit Score with a Bad Credit Car Loans Surrey British Columbia


Improving Your Credit Score with a Bad Credit Car Loans Surrey British Columbia

Oct 22, 2015

You can actually improve your bad credit history when you apply for a collateral vehicle title loan.

Having bad credit can feel like a lifetime crutch. No matter how hard you try you won’t be approved for an unsecured bank loan or short term loan. However, a bad credit history or no credit at all will not matter with lenders who specialize in collateral car title loans.

Collateral vehicle title loans provide credit for borrowers with bad credit

One of the great features about collateral vehicle title loans is that it provides a loan even for borrowers with bad credit. Lenders don’t care how good, how bad, or how invisible your credit rating is because this has no bearing on the loan approval. That is because the loan is essentially an equity loan and is secured by the collateral. A fully owned motor car with a lien free car title becomes the collateral for the loan.

The loan repayment term schedules will suit your budget

Loan repayment terms are the most flexible for collateral vehicle title loans. Terms can start off at 2 years and can be adjusted up to 5 years. The loan amount is based on the car’s true market value as determined by the lender after a detailed inspection and appraisal. Loan amounts can vary from $1,000 up to $35,000, but all with the lowest interest rates with the same loan terms as mentioned above.

Bad credit loans at low interest rates

When you deal with no credit check title loans you get only the lowest interest rates compared to traditional unsecured bank loans or even short term loans. Up to 70 percent lower interest rate can be offered against the closest competitors out there.

The moral when applying for any loan: Get your loan, use it for any emergencies or urgent needs, and by paying back promptly, help yourself to a stronger credit profile in the future.

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.