Is Bad Credit Loans Bon Accord Alberta a Good Option for Fast Cash?

If you’re looking for the best answer for fast cash due to some financial emergency, apply for a collateral vehicle title loan.

You need fast emergency cash, but what if a bad credit history is keeping you from getting a short term loan or unsecured bank loan? Taking out collateral vehicle title loans can get you some fast emergency cash without any credit checks needed. This kind of loan is secured for both parties because all the borrower needs is a fully owned and paid for vehicle and the car title to act as collateral.

How do collateral vehicle title loans work?

Collateral car title loans work by simply putting up a fully owned car as collateral. The car title must be lien free since this is the real collateral that you leave with the lender, who will register a lien on it. Once the loan is fully repaid, the lien is lifted and the car title is returned to the borrower.

Collateral vehicle title loans are much better than unsecured loans or car pawns

With no credit check title loans the lender inspects and appraises your car based on its true market wholesale values and then gives you the loan that can be between $1,000 and $25,000, depending on what you need. The lender holds on to your car’s title until your loan is repaid. The loan usually runs from 1 year and up to 2 years as flexible loan payment terms. Interest rates are the lowest in the whole lending industry and even lower when compared to other short term loans and unsecured bank loans. Up to 70 percent lower interest rate can be offered versus the closest competitors.

Other great benefits

Because the loan is secured by the collateral, no credit checks are needed to be made. As soon as the loan is approved in one hour, you continue using the vehicle until the loan is paid off, in which the car title is returned to you.

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.