Apply for Bad Credit Loans Eden Valley Alberta to Get Quick Cash for Emergencies

Collateral vehicle title loans will always be the best option for fast cash for those pesky sudden and unexpected emergencies.

You have an unexpected emergency that needs money fast. However, what if you have a bad credit history that keeps you from getting an unsecured bank loan or short term loan? Taking out a collateral vehicle title loan is the best way to get fast cash with no credit checks involved.

How do collateral vehicle title loans work?

With vehicle title loans, the lender evaluates the value of the car based on its true market value and then gives you a loan as low as $1,000 or as high as $50,000. The lender then holds on to your car’s title until your loan is repaid and places a lien on it. So long as the car is fully owned and the car title is lien free, they qualify for the loan as collateral.

Who qualifies for collateral vehicle title loans?

Anyone can qualify for car title loans so long as there is proper collateral. All that is needed aside from the car and car title is a valid driver’s license and proof of permanent residence. The borrower can continue using the car until the loan is paid off and the lien is lifted from the car title.

What is the time period given for the loan?

No credit check title loans have loan terms that start out at 2 year and can be adjusted up to 5 years. That spells good news for those on a tight budget for monthly payments.

What is the interest rate and are additional fees charged for early payments?

Interest rates for collateral vehicle title loans are the lowest in the lending industry and up to 70 percent lower interest can be offered compared to whatever offer other competitors can come up with. Anything the competition offers will be met with a lower offer up to 70 percent.

 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. You’ll speak with a member of our dedicated team and see how Instant Loans Canada can help.