For emergency cash or other unexpected urgent money problems, take out a collateral vehicle title loan instead.
What can you do if a bad credit history is keeping you from applying for traditional unsecured bank loans or short term loans? You can take out collateral car title loans, the best way to get some fast cash since no credit check is ever done by the lender.
How do collateral vehicle title loans work?
With collateral vehicle title loans the lender determines the loan amount based on its true market value, between $1,000 and $25,000. The lender holds on to the car title and places a lien on it until the loan is fully repaid. After the car is inspected and appraised the borrower only needs to show a valid driver’s license and proof of permanent residence. After all this is done and submitted, the loan is approved in just one hour.
All no credit check title loans are based on collateral equity so this means the loan is already secured by the collateral that qualifies the borrower for the loan. Even if the borrower has bad credit or no credit this has no bearing on the loan approval. No credit checks are done by the lender. Even while repaying the loan the borrower is allowed to continue using the car until the loan is fully repaid, the lien lifted, and the car title returned to the borrower.
Interest and Repayment Term Period
Interest rates for collateral vehicle title loans are the lowest in the whole lending industry and when compared to other unsecured loans and short term loans. Up to 70 percent lower interest rate can be offered versus any competitor out there. Loan repayment periods are the most flexible starting at 1 year and can be adjusted up to 5 years. No early payment penalty will be charged if the loan is fully paid earlier than expected.
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.