Bad Credit Loans in Fort McMurray
Perhaps you’ve never heard of a car title loan? They’re quite simple. Car title loans, are secured loans. The borrower can use their vehicle title as the collateral for the loan. Basically, the owner of a vehicle allows the lender to place a lien on their vehicle. In the process, the owner of the car temporarily surrenders the car title to the lender until the loan is paid off. It sounds intimidating, but the process is not a difficult one, especially if you go through Approve Loan Now. When you apply for Fort McMurray bad credit loans in the form of car title loans with Approve Loan Now, we allow you to keep your car while you’re paying off the loan. Why should you be without transportation for the duration of your loan? There is no reason for it; we have the title in hand, that is enough collateral for us! We want you to be able to borrow on your car and keep driving it until you are debt free.
Understanding How a Car Title Loan Works
Unlike other financing companies, we can provide immediate access to your funds. How is this possible? Easy! Our company does not use your credit score at all in order to determine if you are eligible for a loan. Instead, we use the equity of your vehicle to make a decision. That means that you don’t have to go through all of the normal channels associated with financing. As a result, you have the advantage of getting approved quickly and you will have cash in hand by the end of the day.
The amount borrowed would vary, but it depends on the value of your car and your ability to pay. Once you pay off your loan, you will get the car title certificate back.
Get Cash Fast With a Car Title Loan
For any further assistance or questions you may have, just contact us and our customer service agents are standing by and ready to offer any assistance that you may need in order to make a decision about borrowing with Approve Loan Now.