Can I Use My Car Title As Collateral To Get Cash?

Unexpected demand for cash can arise at any time, and we usually do not know where or how to get instant cash. Sometimes your poor credit makes it difficult for you to get a loan from a traditional organization. Also, your bad history creates many problems when you think of borrowing cash from your relatives and friends. Car collateral loans can help you in such cases.

Here are some of the emergencies which require instant cash:

1. Overdue bills or Medical Expenses
2. Job loss
3. Funeral Expenses
4. Wedding Expenses
5. Car or home repair

If you are strapped for cash and need it instantly for any of the above emergencies, then obtaining a loan from a bank or local traditional organization is the first thing that comes to our mind. But if you have a very low credit score, then banks may not approve your loan. In that case, you could take out a loan against collateral. If you use your car as collateral, then it is called a car collateral loan or car title loan. Snap Car Cash helps you get approved for these loans quickly with minimum requirements and low-interest rates. The amount borrowed depends upon the market value of your car that is used as collateral.

Borrowing Money Is Easy!

Borrowing money against your car as collateral is very easy as it comes with low qualifying requirements. Your vehicle is used as security to secure the loan, and no credit checks are required. Our streamlined procedure helps you get approved and allows you to borrow money quickly without any hassle.

You must have adequate equity in your car to borrow against your vehicle. The amount you borrow is dependent on the value of your car or the equity you have in your car. The higher the value, the larger, the amount of cash you may receive. With us, you can borrow up to $50,000.

You Get To Keep Your Vehicle!

You are allowed to keep your vehicle with you while you loan with us because we understand how relevant a car is for your daily work and routine.

Few Reasons to Get a Car Collateral Loan with Us:

● Higher approval rate
● There are no credit checks and employment checks
● You get flexible loan term plans
● There are zero penalties for the early payments
● You can get the cash on the same day of approval
● Your vehicle is not stored with us- You can keep your car with you during loan payments.
● You will get a reasonable interest rate with an affordable payment option.

Procedure to get approved for a car collateral loan:


Step 1- Fill out our application form or call us

To get the collateral loan, you can call us (toll-free 1-888-886-SNAP(7627) or fill out the online application form.

Step 2- Submit all your required documents.
It is an easy and simple documentation process that helps you to get approved for a loan. We only ask for basic documents that are necessary for the loan process.

Step 3- Receive cash and keep your car.

After all the paperwork, you can receive the cash in your hand in just a few hours. You can also keep your car for the entire loan duration

You need to fulfill your basic requirements to qualify for a collateral loan with us:

● You must own a vehicle like a car, truck, van, s.u.v. or motorcycle that is not older than ten years.
● You should have a valid Canadian driver’s license
● You must own a vehicle with a clear title.
● The vehicle must be registered and insured in your name
● You must have proof of residence
● You must be of legal age to get a loan.
● Your vehicle’s registration and insurance should be there with you
● You must have a second set of keys to your car

With these minimum requirements, it becomes very easy to apply for a car collateral loan. So, now you don’t have to live with an extra burden when you need quick cash. You can call us (toll-free) 1-888-886-SNAP(7627) or apply online to get your money on the same day.

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