There is No Better Alternative to Bad Credit Loans Bruderheim Alberta

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There is No Better Alternative to Bad Credit Loans Bruderheim Alberta

Jun 30, 2015

Aside from short term loans or unsecured bank loans, the only other possible alternatives to collateral vehicle title loans are:

  • Sell your car to a value car buyer based on the market value of your car.
  • Get a car rental membership so you can save hundreds each month on ownership and still have access to a car.

In fairness, what your monthly loan payments are from collateral vehicle title loans is much cheaper than any car rental membership. Also, when you sell your car, you lose your car.

So is a collateral vehicle title loan really a more viable option?

When you get short on money, car title loans will always be your best solution. All you need is to sign over the car title as collateral security for the loan. Interest rates are not high, up to 70 percent lower than what the competition can offer. This is also attractive for many people with bad credit because no credit checks are ever done. Loan terms are attractive at 2 years and up to 5 years. You can loan as little as $1,000 or as much as $35,000.

Selling your car will never be a better option

If you need cash as soon as possible, the biggest difference when you sell your car is that you no longer have a vehicle to drive or use, and car buyers will never allow you to buy back your car in case you get the money to do so.

It’s not even that hard to apply for collateral vehicle title loans

All you need to be approved for no credit check title loans is your valid driver’s license and proof of permanent residence. Naturally, you need to have your car inspected and appraised as well as your car title so the lender can place a lien on it for the duration of the loan term.

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.