Factors to Consider When Obtaining Bad Credit Loans Langley British Columbia

Getting a collateral vehicle title loan is your best solution for sudden and unexpected financial problems or emergencies.

Are you looking for a loan that can really solve your financial emergencies? Getting a short term loan or unsecured loan isn’t the solution. You’ll only get mired in short terms and astronomical interest rates. The best solution instead is a collateral vehicle title loan.

Loan amount is based on the true market value of the vehicle

The loan amount that you qualify for is directly based on many factors on your car such as its assessed true market value, year of make, model type, the odometer, and the overall condition of the engine. The loan amount can be as little as $1,000 or as much as $25,000. The lender simply inspects and appraises the car before the loan is approved.

Interest rates are the lowest in the lending industry

Interest rates for collateral vehicle title loans are the lowest in the whole lending industry and the lowest even when compared to unsecured loans. Up to 70 percent lower interest rate can be given versus any close competitor. Loan payment terms are the most flexible with terms starting at 1 year and can be adjusted up to 5 years.

No credit checks

Credit checks will not be done for collateral car title loans because credit history and credit scores have no bearing on the loan approval. Loans are approved in one hour after the appraisal and when the car title is proven to be lien free.

Other benefits of collateral vehicle title loans

So long as the car title has no lien on it and the car is in top running condition and fully owned and paid for, these serve as adequate collateral. Another plus is the fact that the borrower is allowed to continue using the vehicle while the loan is being paid off. No credit check title loans don’t charge early payment penalties if the loan is paid off early.

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.