Car Title Loans Pitt Meadows British Columbia

Borrowers can borrow from collateral vehicle title loans even with low credit scores by using their vehicles as collateral.

The average loanable amount is around $1,000 and up to $50,000. Borrowers are given an average of 2 years and up to 5 years to repay the loans. For people who are facing financial emergencies or sudden and unexpected bill payments, this loan option is a very good choice.

Short term loans are never the answer

Unfortunately many borrowers turn to short term loans because of their bad credit rating. Part of this may also be seeing aggressive late-night television ads that pitch short term loans as a solution. Many don’t realize that these short term loans have very high interest rates and payment terms are only at 30 days.

Car title loans have the lowest interest with the longest terms

Collateral vehicle title loans have the lowest interest rates in the lending industry, in fact, 70 percent lower than short term loans and what other competitors can ever offer. Loan payment terms even start out at 2 years and can be adjusted up to 5 years.

No credit checks needed

Another unique characteristic of collateral car title loans is that lenders don’t need to make any background checks of a borrower’s ability to repay the loan. In fact, lenders don’t run credit checks, and borrowers don’t need to prove employment for a loan to be approved. Vehicle title loans are secured and protected by the collateral so no credit or employment checks are needed.

Very little requirements needed

All that’s needed to start with to have the loan approved in one hour is a fully owned vehicle that is inspected and appraised for its true market value. You also need the vehicle title so make sure it is free of liens because the lender needs to put a lien on it. Just present a valid driver’s license and proof of permanent residence and you’re good to go.

Instant Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online.