Avoid a Financial Debt Trap by Getting a Bad Credit Loans Beaumont Alberta

There are a lot of factors to consider when getting a collateral vehicle title loan so you don’t fall into a debt trap.

When you fall into a financial emergency and you can’t loan because of bad credit, this is the time to smartly research the merits of a collateral vehicle title loan. The good news is you can get cash very quickly without the pain of credit checks.

Interest rates for a collateral vehicle title loan

Vehicle title loans simply use the borrower’s car and car title as collateral. Usually, the interest rate is 70 percent lower than whatever offer the closest competitors can come up with. This makes interest rates for collateral vehicle title loans the lowest in the lending industry.

Payment terms arrangements

With car title loans, the loan payment terms start out at 2 years and can be adjusted up to 5 years. This means that monthly payments can be kept low and can suit very tight budgets. Up to $50,000 can be loaned, though the minimum loan amount of $1,000 is often more than enough for most emergencies.

Convenience is the key

Applying for no credit check title loans is almost like a walk in the park. Unlike short term loans and unsecured loans that make you fill out a mound of paperwork by hand and will not approved your loan because you have bad credit or no credit, with collateral vehicle title loans so long as the car is fully owned, the car title is lien free, and the borrower has a valid driver’s license and proof of permanent residence, the loan is approved in just one hour. Also, even if you have bad credit or no credit at all, no credit checks are necessary for the loan approval. The loan is approved so long as the lender gets to appraise and inspect the car and can place a lien on the car title.

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.