What is a Pink Slip?
Relax! No one’s getting fired from their job here. We’re not talking about pink slips. A pink slip in the loan service industry refers to the title of the car. In the past car titles were printed on pink coloured papers, hence where the name came from.
A pink slip loan is nothing but a car title loan. Car title loans can be used when you are in urgent need of cash. All you have to do is use the title of your car as security. And in return, you can qualify for a good amount of cash, the value of which is determined by factors while evaluating your car.
How To Get A Car Title Loan?
There are many lenders in Canada who deal in the car title loan industry. Everybody has their own set of terms and conditions for a loan. Some might emphasize on credit scores and good credit history, while some might ask for a proof of regular source of income. Many of them may take days over weeks to process your loan application.
Canadian Title Store is one such online platform which provides ultimate ease of obtaining funds in the time of urgency. The idea is very simple. There’s no point of making a person wait with long wait times to provide funds during an emergency. Tough times can come without a warning and it’s always good to help someone and quickly.
To obtain a car title loan, the foremost requirement is a car with a clear title papers. By this we mean, you must not be paying any monthly payments to a bank or a dealership for the vehicle. You must have proof of residency by providing any computer generated utility bill in your name. You must have a valid Canadian driver’s license too. Apart from this, car registration and insurance documents are a must and should be in your name. Insurance documents must be inclusive of collision and comprehensive coverage. You’ll also be asked to submit an extra set of keys to your vehicle with the title papers.
Benefits Of A Pink Slip Loan with Canadian Title Store!
- No credit checks!
- In between jobs at the moment? No problem! We do not verify employment.
- Quick loan approvals! Once the documents have been submitted from your side, we will ask you to bring in your car for inspection the same day!
- We hand over the cash to the customers within hours of loan approval.
- Our interest rates are the lowest among our competition. We don’t believe in stressing out a person already in need of funds by adding more pressure of high interest rates.
- Our loan terms are up to 6 years. This means that borrower gets ample time to gather the funds and pay in small installments on a monthly basis.
- Our services are available year round. So don’t hesitate and contact us today!
- The best of all the benefits is that throughout your loan term you get to keep your car with you. Keep driving your vehicle as normal!
A pink slip loan can be of real help when cash is the only solution to your financial problems. No need to worry about your credit card debt, or a medical emergencies as a pink slip loan has you covered!Get in touch with Canadian Title Store to resolve your money problems today. Apply online or call us at toll-free 1-844-512-5840.
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