Apply for a collateral vehicle title loan to get a much better deal and solution rather than going for a car pawn.
Secured collateral vehicle title loans use a fully owned car and its car title as collateral. The lender holds on to the car title while the loan is being paid and places a lien on it until the loan is fully repaid. The borrower can still continue using the vehicle while repaying the loan. On the other hand, with a car pawn, you are required to leave your car with them for the entire time you are paying back your loan. Your vehicle will be stored by the pawnbroker until your loan is paid back in full.
No credit checks are ever done
Collateral car title loans never takes into account your credit score or report. Your credit rating has no bearing on the loan approval because the loan is secured by the collateral. All that is important is that the car is fully owned and paid for and the car title is lien free.
The great advantages of collateral vehicle title loans
A collateral car title loans simply uses your car as collateral for the loan and the lender becomes the lien holder on your car title while you are paying back the loan. The loan amount is determined by the car’s true market value after the car is inspected and appraised. Between $1,000 and $25,000 can be borrowed.
No credit check title loans have the lowest interest rates when compared to unsecured bank loans and short term loans. In the whole lending industry, it is also the lowest. Up to 70 percent lower interest rate can be offered versus even the best competitors. Loan payment terms are the most flexible ranging from 1 year and can be adjusted up to 5 years.
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.