Car Title Loans Scarborough Ontario Are Much Better Because Credit Checks are Nasty

January 11, 2017

We all experience the unexpected financial emergency. But, the most dreaded scenario is when there is a shortage of cash at the wrong time. Most people fear the dread of credit checks, especially when they have bad credit and apply for a loan. No credit checks are ever done when you apply for collateral car title loans.

Credit checks are downright cruel for those in need of emergency cash

Credit checks will always be nasty especially when you apply for short term loans or unsecured bank loans in which the lender checks your credit rating to see if there is minimal risk. Therefore, if you have bad credit, your loan will never be approved. Borrowers of car loans Scarborough Ontario don’t need to have their credit checked. This is because the loan is already secured by the collateral.

Collateral car title loans offer only the best benefits

To obtain no credit check title loans all you need is to leave the car title with the lender as collateral so a lien is placed on it. The loan payment terms are adjustable and the longest up to 4 years. The interest rates are also the lowest in the lending industry. Payments can be as low as $97 per month. Aside from your application, you also need to show the lender:

  • Your car for inspection and appraisal to determine true market value for the loan amount.
  • The lien free car title.
  • A valid driver’s license.
  • Proof of permanent residence.

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.