If you’ve been thinking about applying for a car title loan, here are some things you should know before committing.
Car title loans Saint John is offered by a company that lends money based on the value of your vehicle and becomes the owner of the car if you default on loan payments. It will typically require the borrower to sign over their vehicle ownership to secure repayment, although this varies from state to state. You can get money quickly and choose your repayment terms with a title loan. A car title loan is an excellent alternative to credit cards and payday loans when it comes to quality.
Why Choose Car Title Loans Over Bank or Payday Loans?
1. Fast and Easy Application Process
You can apply for car title loans Edmonton online, making the application process faster, easier, and more convenient. Once you’ve completed the application, you can instantly receive and review your credit report.
2. Bad Credit Is Not a Problem
People with bad credit don’t have many options for financing needs because bank loans and other types of lending are generally not available to them. The same applies to payday loans, quickly becoming a less popular form of credit.
3. There Is No Cost to Receive Funding
You don’t have to pay any fees to apply for car title loans in Nova Scotia, and you won’t be required to provide any additional documentation, just the basic ones. All you have to do is submit the initial application and plan the terms of your loan agreement, which you can complete the same day you apply.
4. It’s Relatively Easy to Get Approved
The application process for car title loans is simple and fast, and since it’s based on the value of your car, people with low or no credit scores can get financing with this type of loan. The approval process is also quick, which means you can have the money you need in a few hours or less. The application is usually reviewed in just 24 hours.
5. It’s Easy to Make Payments
Payment plans are flexible and can be tailored to your needs. You can pick the terms of your plan based on how much you need and how long you want to pay back the loan. You can also choose from several options, including weekly, bi-weekly, monthly, or fixed payments.
6. Fast Turnaround Times
You have up to 24 hours to accept or deny your loan application. Having the ability to see your approval information immediately will allow you to make a better decision about how to proceed. Approval of a title loan is usually dependent on your credit, the value of your vehicle, and the terms of your agreement. You will receive this information immediately after completing the application with the Canadian Title Store.
What Are the Requirements to Apply?
While every company follows different guidelines and requirements for borrowers, there are some similarities regarding the application process:
- You must be 18 years or older
- You need to be a Canadian Resident to apply for car title loans Kitchener
- You need to own a vehicle (car, truck, van, or SUV) that you can drive and provide proof of registration and insurance
- Lien-free title on the car you want to use as collateral
- Need proof of identification such as a valid driver’s license or state ID card
Car title loans Burnaby is an excellent way to gain access to the cash you need to meet your financial needs quickly and easily. If you’re wondering how to get a car title loan, Canadian Title Store is here to help. We believe in serving our customers with full transparency and walking them through our company’s terms and conditions. Contact us today at 1-844-512-5840 to know more about car title loans and our monthly payments.