The Pros of Getting a Bad Credit Car Loans Airdrie Alberta

Since your car is used as collateral, you can make bad credit work for you when you get a collateral vehicle title loan.

The advantages of collateral vehicle title loans will more than benefit borrowers who are in dire need of emergency cash for those unexpected money problems.

Loan is approved fast

The biggest advantage of collateral car title loans is that you can get fast and clear emergency cash. You often can have your money within an hour because it only takes an hour to have a loan approved. This is due to the very fast loan process. All the lender needs to do is to inspect and appraise your car for its true market value.

No credit checks are ever needed

Whether you have a good or bad credit history, so long as you have a fully owned car, you are eligible for a collateral vehicle title loan. Your car is used as secured collateral for the loan. The car title should be lien free because this is what the lender holds on to until the loan is fully repaid. None of your past credit will matter. In essence credit history won’t affect any borrower’s chances of getting a loan that they need.

Lowest interest rates

Astronomical interest rates will never be the name of the game with no credit check title loans. In a time where you need fast cash, you will be charged very low interest rates compared to other traditional unsecured and short term loans, and the lowest in the whole lending industry. Up to 70% lower interest rate can be offered against the closest competitors out there.

Longer payment terms

If you happen to pay your loan amount early from the designated terms, no early payment penalty will be charged. Loan payment terms are the most flexible starting out at 2 years and can run up to an adjustable 5 years, regardless of whether you borrow a minimum of $1,000 or as much as $50,000.

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. You’ll speak with a member of our dedicated team and see how Instant Loans Canada can help.