Bad Credit Loans Rock View County Alberta is Just another Name for a Collateral Vehicle Title Loan

Bad credit loans are always associated with collateral vehicle title loans wherein you can get fast cash for emergency needs even with bad credit.

If you’ve heard the term “collateral vehicle title loan,” but aren’t exactly sure what it means, this is common with many borrowers. Many people who are in need of fast cash may not even be aware how this loan works. When understood, vehicle title loans could be just the thing to help you out of a financial emergency situation.

The basic concepts of a collateral vehicle title loan

Car title loans simply use a fully owned vehicle and vehicle title as collateral. When a borrower applies for a collateral vehicle title loan, the amount of the loan is based on the true market value of the car. A lien is then placed on the car title during the loan term or until the loan is fully paid. You can borrow as little as $1,000 and as high as $50,000.

Up to 70% lower interest rates

Interest rates for no credit check title loans can go up to 70 percent lower than anything the competition can offer. These loans don’t require any credit checks. Applying for a collateral vehicle title loan takes an hour for approval. Once the borrower receives the cash, he or she can continue using the car while repaying the loan.

Payment schedules will vary based on the loan terms

Loan terms can start at 2 years and can be adjusted by up to 5 years. Should the loan be paid off early before the end of the term, no early payment penalty will be charged. Once the loan is paid off the lien on the car title is removed and the title is returned to the borrower.

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.