You Will Always be Approved with Car Loans Redwater Alberta Even with Bad Credit

Blog

You Will Always be Approved with Car Loans Redwater Alberta Even with Bad Credit

Aug 24, 2015

You can always depend on a collateral vehicle title loan no matter what the condition of your credit history and score.

Vehicle title loans are much better than the typical short term loans and unsecured loans that people normally approach. Collateral vehicle title loans are secured because they are always backed up by the collateral that is your fully owned and paid vehicle. Your credit score has no effect on the loan process and approval. Just make sure your car title has no outstanding liens on it.

Short term loans and unsecured loans are not the answer

The mistake to solve financial emergencies is getting short term loans or unsecured loans. These loans only run for a month or two and that means in this short a time you need to fully repay the loan. You will also face very high interest rates and this will add up when you are forced to extend the loan.

The great benefits of collateral vehicle title loans

No credit check title loans are not affected by the condition of any credit history. All you need to do is to bring in your vehicle for inspection and appraisal from its true market value to determine the loan amount. You also need to bring car title that serves as collateral so you can continue using the car while repaying the loan. The Lender needs to place a lien on it until the loan is fully repaid. Loan payment terms run from 2 years up to 5 years. You also need to show your valid driver’s license and any proof of permanent residence so the loan can be approved in one hour. Car title loans carry the lowest interest rates in the lending industry and are much lower when compared to unsecured or short term loans. Up to 70 percent lower interest rate can be offered against the closest competitor.

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.