Borrowers with bad or no credit can get a secured collateral vehicle title loan that is based on the value of the collateral, which is your vehicle.
Secured loans vs. unsecured loans
Secured collateral car title loans simply use a fully owned car and its lien free car title as collateral in exchange for the loan. In reality however, it is actually only the car title that is left with the lender so a lien can be placed on it. After the loan is fully repaid the lien is removed and the car title returned to the lender.
On the other hand, unsecured loans will only be approved if the borrower has a good credit rating. Interest rates are also enormously high and loan payment terms are very short at 60 days. Loan payment terms for quick cash loans start out at 1 year and can be flexible up to 5 years.
Bad credit, no credit, no problem at all
If a borrower has bad credit or no credit at all, loan approval is still given in just one hour. This is because the loan is secured by the collateral. The borrower can continue to use and drive the car while repaying the loan. You can even borrow between $1,000 and $50,000.
Secured loans have low interest
No credit check title loans have the lowest interest rates ever. Up to 70 percent lower interest rate can be offered against any competitor out there.
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.