It is never hard to apply for a collateral vehicle title loan even if you have bad credit or no credit.
Collateral car title loans are secured loans that require a fully owned car as collateral. With the car comes the car title that must be lien free. The car title is left with the lender and a lien placed on it. The lien is removed when the loan is repaid in full. This is the best loan to take out for emergency or urgent payments. There may be other options such as borrowing from family or friends, from unsecured bank loans or short term loans; however, these may all prove difficult if you need cash immediately.
How Do Collateral Vehicle Title Loans Work?
You can personally apply online for collateral vehicle title loans. Of course, aside from your online application, you need to show:
- Your car for a detailed inspection and appraisal for its true market value. This determines the loan amount, from between $1,000 and $25,000.
- The car title that should be lien free.
- A valid driver’s license.
- Proof of permanent residence.
Lowest Interest Rates
No credit check title loans have the lowest interest rates when compared to traditional loans such as short term loans and unsecured loans. They are the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered versus even the best competitors out there. And even if you have bad credit or no credit it won’t matter with the loan approval because the loan is approved in one hour after the inspection and appraisal of the car. The collateral already secures the loan.
Loan Payment Terms
Loan payment terms are the most reasonable in the whole lending industry. Poor credit is no issue because the loan is secured by the collateral. Terms can start off at 1 year and is flexible and can be adjusted 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.