Applying for collateral vehicle title loans means finding a final solution to any unexpected money problems or financial emergencies that come your way.
Many shifty lenders of short term loans and unsecured bank loans focus a lot on shifty language around “approval” hoping that those with bad credit will be so grateful for the opportunity to be able to loan that they will agree to the high interest rates and short terms. Collateral vehicle title loans will always make things clear and explained very well because they offer the best advantages for borrowers.
Collateral vehicle title loans need very little to qualify
All the borrower needs to qualify for a collateral auto title loan is a fully owned car that is fully paid for. The car title to this car must also be lien free so it can be left with the lender and a lien placed on it until the loan is fully repaid. A valid driver’s license and any proof of permanent residence are also needed. The lender only needs to inspect and appraise the car for its true market value to determine the loan amount. Between $1,000 and $25,000 can be borrowed based on this.
Low interest rates that are offered
Collateral car title loans have the lowest interest rates compared to unsecured loans and short term loans and the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered versus any competitors out there.
Discuss loan payment terms
Payment terms for no credit check title loans are usually at 5 years at most, starting at 1 year and is flexible up to 5 years. No credit checks are ever done because the loan is approved so long as the collateral can secure the loan. Bad credit or no credit won’t affect the loan approval that is given in one hour.
When it comes to securing a collateral vehicle title loan, direct negotiation is critically important. 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.