A collateral vehicle title loan is a loan that is secured with collateral such a car and the car title.
Collateral vehicle title loans need no credit checks
Bad credit loans are secured using the car title as collateral. These loans have very low interest rates. The lender typically does not do a credit check. This is because the loan is already secured by the collateral.
Collateral vehicle title loans have very low interest
No credit check title loans using cars as collateral have the lowest interest rates in the whole lending industry. Up to 70 percent lower interest rate than the competition at any time. Interest rates are also much lower than unsecured loans because the loan is secured by the collateral.
All you need as collateral is your car title
Aside from the car title that serves as collateral in place of the vehicle, there are other things you need to submit. The car has to be inspected and appraised for its true market value for the loan amount that can be as low as $1,000 or as much as $50,000. The borrower continues to use the car while repaying the loan. The borrower also needs to show a valid driver’s license and proof of permanent residence. Loan payment terms are the most flexible starting at 1 year and up to 5 years for collateral vehicle title loans.
Snap Car Cash is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online.