When selecting loans for financial emergencies even if you have bad credit, the right one for you is a collateral car title loan.
In selecting the best collateral car title loans, you always have at the back of your mind how you need to solve those financial emergencies and unexpected bills. Having a collateral vehicle title loan for emergency cash can really help you out. These loans are the perfect solution for anyone experiencing bad things from unsecured loans or short term loans such as high interest rates or loans that are rejected because the borrower has bad credit.
What to watch out for with collateral vehicle title loans
All you need to watch out for is that to qualify for collateral vehicle title loans you only need a fully owned car and a lien free car title as collateral. The car title is left with the lender and a lien placed on it until the loan is fully repaid. The car is inspected and appraised for its true market value to determine the loan amount. Between $1,000 and $25,000 can be borrowed based on this.
The loan approval is fast
No credit check title loans are approved in just one hour because no credit checks need to be done by the lender. The borrower may have bad credit or no credit but this will not matter with the loan approval. The loan is approved in just one hour after the borrower can show at least a valid driver’s license and proof of permanent residence.
How low is the interest rate?
The interest rate for this loan is the lowest in the whole lending industry because up to 70 percent lower interest rate is offered versus any competitor out there. The loan payment terms are the most flexible starting out at 1 year and can be adjusted up to 5 years. No early payment penalty will be charged if the loan is repaid earlier than expected.
At Snap Car Cash, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online. You’ll speak with a member of our dedicated team and see how Snap Car Cash can help.