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Car Title Loans Caledon Ontario Are Much Better Than Car Pawns

April 14, 2016

We all get our share of money emergencies or urgent bills. However, turning to seemingly easy car pawn loans may be dangerous. It may seem like a better option because you get turned down by unsecured loans that won’t approve you because your credit is bad.

Why car pawns are dangerous

Pawnshop loans are very short term affairs with very high interest rates with additional hidden fees. Also, you need to leave your car with the pawnbroker while paying off the loan.

Why collateral vehicle title loans are better

Collateral car title loans only need a fully owned car as collateral and you get approved with no credit checks needed. However, instead of the car itself, you only need to leave your car title with the lender as the actual collateral. This means that you get to keep using and driving your car while repaying the loan. No credit checks are needed because the loan is secured by the collateral, and all you need to prepare is your valid driver’s license, some proof of your permanent residence, and the car itself for inspection. You get to borrow as much as $40,000.

No need to fear collateral title loan interest rates

Interest rates for collateral vehicle title loans are the lowest in the whole lending industry and the lowest when compared to pawnshop loans and even unsecured loans. Loan payments can be as low as $97 per month. Loan terms are the most flexible up to 4 years for no credit check title loans.

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.