Bad Credit Car Loans Port Coquitlam British Columbia for Emergencies and Unexpected Needs

If you need fast cash for emergencies, a secured collateral vehicle title loan is the best solution for you.

Unsecured loans versus secured loans

With unsecured loans or even short term loans the lender only approves the loan if the borrower has impeccably good credit. But with collateral car title loans credit scores don’t affect loan approvals and the borrower’s credit score will not affect rates. As a secured loan, a collateral vehicle title loan only needs a fully owned car and car title as collateral to secure the loan so no credit checks are needed.

The main thrust of secured loans

The main thrust of every secured loan is to allow borrowers to use their fully owned car as collateral for collateral vehicle title loans. The car is inspected and appraised for its true market value to determine the loan amount. A minimum of $1,000 or as much as $50,000 can be borrowed based on this. The car title is left with the lender so a lien can be placed on it. The lien is removed when the loan is fully repaid. Because of the car title, the borrower can continue using the car while repaying the loan.

The interest rates for collateral no credit check title loans are the lowest in the whole lending industry because up to 70 percent lower interest can be offered against the closest competitor.

Advantages of applying for collateral vehicle title loans:

• Collateral vehicle title loans are secured loans so credit scores and reports will not matter at all with the loan approval that comes in one hour.
• So long as the car or vehicle is fully owned and the car title is lien free, it qualifies as collateral for the loan.
• Loan repayment terms are from 2 years up to 5 years.

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.