Do you live in Edmonton? Are your experiencing unexpected financial difficulties such as healthcare fees, housing expenses or car repairs? These situations can demand an urgent need of instant cash. Getting a loan from the bank isn’t as easy as it sounds and can also be a lengthy process. To get a loan you need to have a certain amount of income and also a good credit score. This is why you should consider a bad credit car equity loan.
Most people in Edmonton are familiar with the term, Car title loan,” but don’t know exactly what they are and how they work. Get a Bad Credit Car Loans in Edmonton!
Bad Credit Car Title Loans are ideal in situations where you need a load of money quickly and easily. Your lien-free car title is used as collateral to secure the loan. By doing so, you can borrow money using the equity of your car. The check whether you qualify a Car Title Loan or not the equity of your vehicle played a vital role in it. This will also decide how much you are able to borrow. These loans have a hassle-free process and are very fast compared to any other type of traditional loan. You can easily apply online for bad credit car title loans Edmonton and can get approved in less than 30 minutes.
1. It is very easy to get a bad credit car equity loan.
The most important thing required to qualify for a bad credit car equity loan is that you must own a vehicle that is fully paid off. The title of your vehicle is used as collateral for the loan. If you are still paying off your vehicle, unfortunately, it cannot be used for the loan. Other basic documents required are proof of legal age, proof of permanent residence and a Canadian driver’s license.
2. A Bad Credit Score is not an issue.
Having a bad credit score doesn’t have any kind of effect on your bad credit car title loan application. Bad credit car title loan does not require a credit score check. So these loans are ideal for those who have a poor credit history and can’t get any financial help because of it.
3. Your vehicle is used as Collateral.
If you want a bad credit car title loan, you need to use your vehicle as collateral for the loan. It means the lender gets to put a lien on the title of your vehicle in exchange for money to borrow. This acts as security for the lender to ensure they will gain their money back in the event something happens.
4. You get to keep your vehicle.
One of the best things about this kind of loan is that you get to keep and use your vehicle during the entire loan term. You don’t have to worry about losing your vehicle or changing your routine. You can drive your vehicle as you normally would.
Instant Loans Canada is one of the leading car title loan providers in Edmonton. If you find yourself in urgent need of cash, call us today (toll-free) 1-866-973-5214 and get the cash you need! You can also apply online for the loan or you can visit one of our local offices in your area.
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