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Bad Credit Loans Oshawa Ontario Are the Best Option for Emergency Cash

June 10, 2016

What if bad credit keeps you from applying for unsecured bank loans? Taking out collateral bad credit loans is one way to get your hands on some fast cash since no credit checks are needed.

How do collateral vehicle title loans work?

With collateral vehicle title loans, the lender inspects and appraises the price of your car based on its true market value. The lender then holds on to your car title until the loan is repaid. This also means even if your car is the collateral, you continue using it since the lender is holding on to your car title. The car title should be lien free.

Very low interest rates

No credit check title loans have the lowest rates in the whole lending industry and the lowest when compared to unsecured loans and short term loans. Payments can be as low as $97 per month. Repayment terms run the longest at 4 years. No early penalty will be charged for early payment of the loan.

Loan preparation

All you need to prepare for the loan is your lien free car title, your valid driver’s license, and proof of permanent residence. Of course, you need to bring in your car for inspection and appraisal to determine its true market value. You can borrow up to $40,000. Since all the lender needs is the car title as collateral, you continue to drive your car while paying off the loan.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit score will not matter with us because what’s important is the car title loan you need. All you need is to call Instant Cash Canada now at 866-840-7395. Apply now and our dedicated team will immediately get to work and gather all the information necessary to get you the loan you need.