Collateral vehicle title loans give fast cash for emergencies using a fully owned car and its car title as collateral.
Short-term financial emergencies, unexpected but urgent bills, and other budget problems are actually normal situations that almost everyone goes through. However, instead of taking a short term loan or unsecured bank loan that is sky high in its interest rate, you can instead get collateral vehicle title loans because of its low investment risk, lowest interest rates, and flexible payment terms.
Applying for a collateral title loan is not that difficult
All that is needed as collateral is a fully owned car. The car title must be lien free because this is the collateral that will be left with the lender. A lien will be placed on the car title, and will be removed after the loan is fully repaid. The loan amount will now be based on the car’s true market value after inspection and appraisal by the lender. The loan amount can be between $1,000 and $25,000.
The benefits of collateral vehicle title loans are astounding
Lenders that offer collateral car title loans will not check your credit score. So whether your credit is good, bad, or invisible, it won’t matter with the loan approval and no credit checks will be conducted. The loan is approved in just one hour after the inspection and appraisal. The borrower can even continue using the car while repaying the loan because the loan is secured by the collateral.
And most important of all…
- The most important part of no credit check title loans are the interest rates. Collateral auto title loans have the lowest interest rates in the whole lending industry. They are even lower when compared to unsecured bank loans and short term loans. Up to 70 percent lower interest rate can be served up versus any competitor out there.
- Loan payment terms are very adjustable, starting out at 1 year and is flexible up to 5 years.
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.