The Reality of Bad Credit Loans Vancouver British Columbia is that You Can Get a Loan Even with Bad Credit - Instant Loans Canada

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The Reality of Bad Credit Loans Vancouver British Columbia is that You Can Get a Loan Even with Bad Credit

Jun 16, 2015

A bad credit history will never matter when applying for and obtaining a collateral vehicle title loan

People will always have their share of financial emergencies or urgent money problems. This can happen to anyone who is employed or running a small business because the unexpected can suddenly just rear its head and often when we’re a bit short on cash. It’s a good thing that when you get collateral vehicle title loans you don’t need to worry about high interest rates (because they’re the lowest), short payment terms (because terms last up to 5 years), and not being approved due to bad credit (because credit ratings are not part of loan approval).

It’s why it’s also called no credit check title loan

Whether the borrower has bad credit or no credit history, it won’t matter with the loan approval because no credit checks are ever done. This is due to the fact that no credit check title loans are already secured by the collateral. All you need to worry about is that your vehicle should be fully paid and fully owned and the car title is fully in your name, with no liens over it.

A few other things to remember when you apply for a collateral vehicle title loan:

  • The purpose of car title loans is to pay off an emergency or an urgent need.
  • Make sure that the car title is lien free because the lender needs to put a lien on it during the duration of the loan term or until the loan is paid off.
  • Your car should have some basic car or collision insurance.
  • The lender needs to inspect and appraise your vehicle for its condition and its true market value to determine the loan amount.
  • Show a valid driver’s license and proof of permanent residence.

Monthly payments are now almost worry-free

We can offer up to 70 lower interest rates than whatever the closest competition can offer, with loan terms from 2 years up to 5 years.

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. It’s almost a fast-money guarantee that you can be out the door in an hour with your loan amount. We’ve got the process down pat. Be on the winning side of annoying debt. Just think of Instant Loans Canada as the beginning of a way out.