What can borrowers do if bad credit is keeping them from applying for short term loans and unsecured bank loans? Applying and getting collateral fast cash Red Deer Alberta is one way to get some fast cash since no credit check is needed. Financial emergencies may unexpectedly strike anytime, but the answer will never be unsecured bank loans or short terms loans.

How do collateral car title loans work?

All that is needed to apply for collateral vehicle title loans is a fully owned car as well as its car title to serve as collateral. The title must be lien free to qualify as collateral. The lender inspects and appraises the car based on its true market value to determine the loan amount. The lender holds on to the car title and places a lien on the title until the loan is fully repaid.

Qualifying for the collateral vehicle title loan

Aside from the fully owned car and its car title, all that a borrower needs to qualify for the loan is a valid driver’s license and proof of any permanent residence. No credit check title loans do not require any credit checks since the loan is already secured by the collateral.

Interest rates and payment term period

Collateral auto title loans offer the lowest interest rate in the lending industry. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years. No early payment penalty will be charged should the loan be paid off early.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit history 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 toll free 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.