Car title loans are a way for you to get a much needed loan even if your credit is less than perfect. This type of loan is considered a secured loan because you are placing your car as collateral. The lender will keep the title to your car so you won’t be able to sell the car while it is being used as collateral but you will be able to drive and have full access to it.
Borrow Cash with Less Paperwork and Less Headaches
Car title loans are secured using a fully paid car’s value. Note that such loans are only applicable to car owners, so your name must be registered on the title. These loans are good for loan-seekers who want immediate cash because of unavoidable demand. Approval of car title loans can happen quickly and most often applicants can get the cash the same day. As long as it’s paid back in a timely fashion, vehicle title loans Vancouver can be a great option for a loan with less paperwork and less headaches.
Loan Amount is Bigger than Other Loans
The value of vehicle title loans Vancouver will be the resale value of the vehicle. The older and less gently used the vehicle, the less will be the amount of the loan. Newer vehicles will have greater loan potential. Compared to other types of loans, auto title loans can offer bigger loan amounts. Borrowers can obtain from $1000 up to $25000 depending on the resale value of their vehicle.
A car title loan can be a savior when used appropriately. It is something that will take careful consideration before agreeing to, but it will be there for you in your time of need. When you need immediate cash and it just can’t wait, vehicle title loans Vancouver can be your best option. Call us now at 1-800-514-9399 or fill out the online application. Don’t let your bad credit stop you from getting the cash you need. Apply now!