Collateral vehicle title loans are available even for those with bad credit because the collateral is all that is needed to secure the loan.
Bad credit or no credit is considered a high risk borrower, and thus, a subprime borrower. This is according to banks and financial institutions that supply unsecured loans and short term loans, so in essence, subprime borrowers are never approved for any loan. Subprime borrowers can also face high interest rates and very short loan terms from loan sharks. Since fast emergency cash is sometimes needed during times of cash shortage for financial emergencies or unexpected cash problems, you can always apply for a collateral vehicle title loan to solve these problems.
Credit rating will never matter with the loan approval
No matter what your credit rating is it will not matter when applying for collateral vehicle title loans. These loans are already secured by the collateral that will cover the loan. This collateral is your car and its car title. You just need to make sure that the vehicle is fully owned and paid for and the car title is lien free.
Make sure that the car is inspected and appraised
Before the lender approves any collateral car title loans, the car must undergo a thorough inspection and appraisal to get its true market value of your vehicle so you can be told how much the loan will be. The loan amount can be as little as $1,000 and as much as $25,000.
The lowest interest rates and reasonable payment terms
Interest rates are the lowest in the whole lending industry because no credit check title loans are secured by the collateral. Up to 70 percent lower interest rate can be offered versus any close competitor out there. Loan payment terms start 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. It’s almost a fast-money guarantee that you can be out the door in an hour with your loan amount. We’ve got the process down pat. Be on the winning side of annoying debt. Just think of Snap Car Cash as the beginning of a way out.