<script src='' type='text/javascript'></script>You’re Better Off with Bad Credit Loans Port Coquitlam British Columbia Instead of Borrowing from Car Pawning - Instant Loans Canada

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You’re Better Off with Bad Credit Loans Port Coquitlam British Columbia Instead of Borrowing from Car Pawning

Jun 22, 2015

You’ll only get cons when you borrow from car pawning. Your better solution is to get a collateral vehicle title loan

Car title loans are loans that use a vehicle or car as collateral. The lender holds on to the car title and places a lien on it while the loan is being paid during the loan term period. The borrower is allowed to continue using the car. On the other hand, with car pawning, you are required to leave your car with the pawnbroker for the whole time you are paying back your loan. Until your loan is paid back in full your car will be stored by the pawnbroker.

Credit history and employment checks are not necessary

Vehicle title loans never take into account your credit history or your employment status. No credit checks or employment checks are done by lenders so long as the collateral qualifies to secure the loan. It’s almost the same with car pawning, but car pawns carry one of the highest interest rates.

Collateral vehicle title loans have the lowest interest and the best terms

No credit check title loans can offer up to 70 percent lower interest rates compared to the competition. This makes it one of the lowest interest rates in the lending industry.

All that is required for collateral vehicle title loans and other benefits

  • Have your car inspected and appraised for its true market value to determine loan amount.
  • Up to $35,000 can be loaned and as little as $1,000.
  • The car title should be lien free so the lender can place a lien on it during the loan term. The lien is removed when the loan is fully paid.
  • Show a valid driver’s license to prove you are driving your own car.
  • Show any proof of permanent residence.

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.