Quick Cash Camrose Alberta is the Same as Car Title Loans

June 30, 2016

Secured loan or unsecured loan

The opposite of a secured loan is the unsecured loan, such as bank loans. The creditor may only satisfy the debt against the borrower’s credit rating. Credit ratings don’t affect approvals for collateral quick cash loans so no credit checks are needed by the lender. All that is needed is a fully owned car and lien free car title as collateral for the loan.

The great benefits of secured collateral vehicle title loans

Collateral vehicle title loans allow interest rates to be the lowest in the lending industry with repayment terms lasting up to 4 years. Payments can be as low as $97 per month. After the car is brought in for inspection and appraisal, the loan amount is then determined using the car’s true market value. When the car title is left as the collateral, the borrower can continue using the car while repaying the loan.

What to submit, show, and prepare for collateral vehicle title loans

  • The car and car title for inspection and appraisal. These alone are enough to get no credit check title loans approved in one hour.
  • Valid driver’s license.
  • Proof of permanent residence.
  • No background checks are done by the lender to check up on income, employment, and credit rating.

For more information about collateral car title loans in Camrose 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.