No credit checks will ever be done when you apply for a collateral vehicle title loan.
We all experience the unexpected financial emergency. But, the most dreaded scenario one faces is when there is a shortage of cash at the wrong time. Suddenly, you find yourself with an urgent bill to pay or an emergency medical bill. However, many people fear the dread of credit checks, especially when their credit score is low, when they apply for a loan. No credit checks are ever done when you apply for collateral vehicle title loans.
Credit checks are downright cruel for those in need of emergency cash
Credit checks will always be nasty especially when you apply for short term loans or unsecured bank loans wherein the lender checks your credit score to see if your credit history is okay and there is minimal risk. Therefore, if you have a poor credit score your loan will never be approved. Borrowers of collateral car title loans don’t need to have their credit score checked. This is because the loan is already secured by the collateral.
Collateral vehicle title loans offer only the best benefits
To obtain no credit check title loans all you need is to leave the car title with the lender as collateral so a lien is placed on it. The loan payment terms are adjustable starting at 1 year and flexible up to 5 years. The interest rates are also the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered against any competitor out there. Aside from your application, you also need to show the lender:
- Your car for a detailed inspection and appraisal to determine true market value for the loan amount. Between $1,000 and $25,000 can be borrowed based on this.
- The car title that should be lien free.
- A valid driver’s license.
- Proof of permanent residence.
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.