Tag Archives: bad credit car loan

car equity loans

Can I Get A Car Equity Loan Against My Truck?


Tough financial times can definitely disturb your mental peace at any given  time. It can toss your monthly budget in the air and put you in a financial bind. There is no way to predict  when these times can strike and leave you financially stressed. But don’t worry, we are here to provide you the best financial assistance through a convenient and affordable car equity loan. Canadian Title Store offers an auto title loan up to $60,000 against the title of your vehicle with the most competitive interest rates around. There are so many benefits that work  in your favour  that you will not consider  a personal loan from a bank or other funding institution again. We will talk about them in a while.  You can take this loan against your truck provided you fulfil the basic requirements for the loan. We don’t only accept trucks but also  consider SUVs,  sedans, and many  other vehicle types.  What makes us the top choice for  Canadians are the following advantages  that not everybody in the title loan industry provides.

Car Equity Loan Advantages

  • We don’t do any credit checks! This means that our doors are open to all credit types. When you come to us for a loan we don’t ask for your credit score. Your past financial dealings are past and are not relevant in our loan process.. 
  • We don’t ask for your employment  details. Many lenders ask for your employer info and proof  of income as part of the loan process.   We only verify whether you can make the monthly payments with ease or not. Even people struggling between jobs can also easily apply  for  this loan.
  • We offer competitive interest rates that make your loan easy for you to repay. The monthly installments are super easy on the pocket that one can afford them without having to stress  about the monthly budget.
  • We don’t levy any prepayment penalties if the customer wants to make an early payment and close his loan. No extra fees or charges to pay off your loan ahead of schedule. 
  • Our loan terms are up to 6 years. This gives an ample amount of time for  the borrower to pay back  the loan  by making easy monthly payments. 
  • We don’t keep your vehicle!. We only simply hold onto the title papers of your  vehicle and spare set of keys for the entire duration of the loan. The vehicle is free for you to take once the loan verification and approval process is over. 
  • Our team of professional loan agents handle each and every case with care. No confidential or personal details are disclosed.  

When you apply for a car equity loan with us, we make sure that the entire process is quick and hassle-free for you. We ensure that your application is approved without wasting any time. Our goal is to get you as much money as possible  to provide you with sufficient loan money as per your needs. Therefore, regardless of the qualifying amount you are eligible for, you can borrow  as much (within the amount you qualify for) as your budget allows. This way you end up taking a loan amount which you are able to  pay back.   

 Paperwork Required

When you think of loans, you usually think of heavy and complex paperwork. But that’s not the deal with us. We are all about keeping the paperwork to a minimal level. All we need from you to qualify your loan request is :

  • Your vehicle title papers free from financial obligations
  • A valid Canadian driver’s license 
  • Fully paid  vehicle ready for inspection (no older than 10 years)
  • Registration papers of the vehicle in your name
  • Insurance papers in your name (collision and comprehensive)
  • Second set of keys to the vehicle
  • Proof of legal age as per your province
  • Proof of permanent address (computer generated mail in your name)

After looking at the above list, you must be thinking, ‘Is that it!’. Yes, that’s all. We keep the paperwork to a minimum to allow for a quick and easy loan process and loan disbursal. A car equity loan at Canadian Title Store is a hit amongst Canadians because of such reasons only. 

 Get your loan approval today by calling (toll free) 1-844-512-5840 or you can apply online too.

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ame day cash collateral loans

Same Day Cash Collateral Loans – Is It Really A Same Day Process?


Sometimes, life can get a little rough  and place you on a bumpy ride. One after another, unexpected but essential events pile up throwing  your savings out the door. Overdue utility bills, kids’ tuition fees, dental bills, credit card bills etc. can give  sleepless nights. Most people cannot figure out a way out despite the resources available. How well you handle the financial stress and manage your expenses or money is a big factor. People start selling their assets or pawn their valuables like jewelry or antiques, to make some cash to help  deal with their money troubles. What they may not be aware about is the same day cash collateral loan. 

To start off, a collateral is something you use as security to borrow money. This  helps in securing the loan. The lender covers his risk of lending money by keeping the collateral as security in case the borrower defaults or is unable to pay back the loan. Once the loan is paid off, the lender  releases the collateral.. Using a collateral for a loan increases the chances of getting money if you’re not able to get the loan approval at first. It works as insurance that you’ll pay back the money. However, in unforeseen circumstances you are not able to make payments, the lender has the right to take or keep the collateral as payment for the loan.

How Does A Same Day Cash Collateral Loan Work?

This loan is a secured one and the borrower has an open window to use his asset such as  a car or a motorcycle to get the loan. There’s no point in selling them to get money when you can use them as collateral instead. By doing so you get the funds on the very same day   without losing your asset. There are a myriad of same day loans out there in the market. Private lenders like Canadian Title Store are here to help. . They lend you the money against the title of your vehicle, just as long as the vehicle meets the loan criteria and most importantly is lien free.

What is  a Lien?

A lien is the right that you provide the lender  to keep your asset or property as collateral until your debt owed is paid in full. . There may  or may not be a security interest element added to the loan depending on the lender. It also means that if the loan amount is not paid in full in the agreed time period, the asset shall remain with the lender. This is  to make up for the loss of money that the lender lent you. 

How Does A Car Title Provide Same Day Cash?

Canadian Title Store has been in the title loan business for years. A car title loan is an ideal way of dealing with  urgent cash requirements. We want to help by providing the best financial assistance out there. . Our car title loans are  tailor-made to fit your financial needs. The cherry on top of the cake is that we accept all credit types. A perfect credit score is not required. Some of you might be in the process of building your credit  or maybe recovering from some bad financial hits. There’s nothing to worry about, we don’t take your credit history into account during our loan process. . That’s another benefit you get when dealing with us.. Our loan process is quick and easy to do. 

We really are a ‘same day cash collateral loan’ deal! Once your application is approved and the car is inspected, it’s just a matter of time  before we hand over the cash to you. 

What  Is Required? 

Just submit the following document  and we’ll start processing your loan request as soon as possible.

  • Must be of legal age
  • Proof of permanent residence
  • Proof of a lien-free vehicle (i.e. a title which is free from any liens)
  • A spare set of keys to the vehicle
  • Canadian driver’s license
  • Proof of car registration in your name 
  • Proof of car insurance in your name

Apply online  for our same day cash collateral loan and  get your funds as early as the same  day. Call us (toll-free) 1-844-512-5840 to get started.

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loan against car title

10 Most FAQs For A Loan Against A Car Title

  1. What is a title loan?

A title loan is where you use a valuable asset like a car, house, motorcycle etc. as collateral and in return get a loan for your money needs. Canadian Title Store provides loans against a car title using the title papers of your  car as security to provide a loan to you.  

2. How can I apply for a title loan?

Log on to our Canadian Title Store website and fill out the application form. Here it will ask for your contact information and car details such as year, make, and kilometres.  Once received one of our loan agents will be in touch and guide you through the next steps. . They will advise of the documents and paperwork required but don’t worry, our paperwork is direct and easy. We won’t bother you with complex documentation. After the submission of the required paperwork, you’ll have to get your car to our facility for evaluation. Once that has been completed we will be able to provide the loan amount you are eligible for. 

3. Can I get a vehicle title loan If I have poor credit?

Canadian Title Store is best known for one main reason. We don’t ask for credit scores! . Our doors are open to  all credit types. Even if you have a credit score below 500 you are welcome to take a loan from us, *considering you meet all the minimum requirements.. Many people get rejected because of dented credit, especially with banks, but we understand that lack of financial assistance at a time when you need it  most can cause a lot of mental stress. We understand and are here to support you regardless of your credit score.  Your loan is simply secured by the title documents of your automobile therefore require no need to have a reputable credit score.  

4. How much can I get?

The car that you’ll use for getting the loan has to be in good condition. The year, make, model, and condition  will be evaluated and thoroughly reviewed. It will help in evaluating the vehicle and its current market price. We are  happy to help and lend upto $60,000 for your immediate cash needs.   

5. What are the requirements for a title loans?

Our requirements are minimal. Most documents required are documents you already possess. We only ask for information needed for the loan and nothing more. . Unlike other lending sources we don’t require a ton of paperwork to deal with. It makes it easy for both you and our company  to maintain the proper records or paperwork. The following documents are required for a loan:

  • Valid Canadian driver’s license of the borrower
  • Residence proof of the borrower
  • A lien-free and fully owned vehicle(SUV, MUV, sedan etc.)
  • Registration papers of the car in the name of the borrower
  • Insurance papers covering the collision and deductible 
  • Proof of legal age in your respected province
  • Second set of keys of the vehicle (to remain with us)

    6. Is there any pre-closure penalty?

Many lenders out there don’t like the idea of losing money.   Most traditional banks/lenders don’t accept early payments or early loan closures  without charging a heavy penalty. They charge to make up for the loss of the interest amount. But, that’s definitely not the case with us. We know that title loans are short term loans that people can repay before the expiration date of the loan term. Hence, we accept early payments if our clients wish to do so. The best part is we don’t charge a single penny for early payments or closure.

7. Can I get a loan If I am currently unemployed?

Yes! Why not! It is a secured loan using the title of your vehicle.  and we don’t need your job papers to qualify you for it. All we ask for is the vehicle title. Our monthly payments are very low and can be arranged by people with no job or a low income easily. 

8. How much time does it take to receive the title loan?

When you apply for a loan against a car title with us, rest assured that you’ll get your money within 24 hours. Once the verification of documents and car evaluation has been completed  your loan amount will be provided within a couple of hours.

9. Is there a local branch in my area?

We have offices all across Canada. You don’t have to worry about finding us in your area. We’ll provide you with full details of our location and where to bring  your vehicle in for evaluation. 

10. Do I have to surrender my vehicle for the loan term?

No, we only keep the title and the second set of keys to  your car. You are free to keep and use your car for the whole loan duration. 

Contact Canadian Title Store today! Apply online or you can call us toll-free 1-844-512-5840.

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