The Obvious Benefits of Car Title Loans Strathcona County Alberta

There are many benefits to getting collateral vehicle title loans as compared to getting short term loans.

On those rainy financial days when an urgent money problem suddenly springs on you or you’re having one of those unexpected money emergencies and you’re just short of cash, turning to those short term loans like payday loans is not a good idea. But if you fully own a car then you can use this as collateral and apply for a collateral vehicle title loan.

Even on rainy days you can’t haggle with short term loans

There’s no haggling with short term loans because if your credit is bad, your loan can’t be approved. Even if it is, you get interest rates higher than Mount Everest. With car title loans the loan is approved so long as there is a fully owned car and car title for collateral. Even your credit score has no bearing on the loan approval.

The car’s true market value is not based on your credit rating

Vehicle title loans are based on the true market value of your car, not on whatever credit rating you have. So whether you have bad credit or no credit at all, it has no bearing on the loan approval.

The loan period is adjustable with collateral vehicle title loans

Short term loans have fixed terms of 30-60 days that are non-negotiable. However, no credit check title loans have adjustable terms that can start at 2 years and can go up to 5 years. So while you can’t haggle with short term loan periods, you can certainly choose your payment terms with collateral vehicle title loans that fits your budget.

Very little requirements to submit

You only need to bring in your car and car title for inspection and appraisal for loan amount. Then just show your valid driver’s license and proof of permanent residence.

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.