When Applying for Bad Credit Loans Cold Lake Alberta All You Get are the Benefits of the Loan

April 21, 2016

What: A loan secured by the car title of a borrower’s fully owned car and car title as collateral. Collateral bad credit loans interest rates continue to be the lowest in the lending industry and the lowest when compared to other unsecured loans. Payments can be as low as $97 per month.

Costs: The average borrower receives cash equal to the true market value of the car. The loan amount can be as much as $40,000.

The big advantages of collateral car title loans

The biggest benefit to getting collateral car title loans is that it enables the borrower to get the money they need quickly. The loan is processed within one hour and the cash is released on the same day. It is really a simple process that only involves the lender thoroughly inspecting and appraising your car.

No credit checks are done

The loan is based on collateral that you are putting up, which means the lender is giving you a secured loan. No credit check title loans are perfect if you have bad credit. No credit checks are ever done for the loan approval.

Another added benefit is that while you have the loan out, you get to keep the car and still drive it. Likewise, repayments terms are the most flexible and longest at 4 years.

For more information about collateral car title loans in Cold Lake Alberta, 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.