When you are in need of immediate cash to pay bills or handle other financial necessities, a car title loan can be a great answer. You shouldn’t turn to car title loans for every single financial situation, nor should you think of them as some kind of magic bullet that will remedy regular expenses being higher than your income, but they can easily be your best available option for dealing with temporary financial shortfalls. When those one-time unexpected “emergency” type situations crop up, often when a person is least prepared to handle them, it is in that time of need that a title loan can provide a welcome life-line.
Car title loans are an example of Mississauga bad credit loans. When you apply for a title loan, your credit score will not be checked. If you have bad credit or no credit, it will not matter since the title to your vehicle will be used as collateral.
You can be approved for your car title loan in just a few hours in most cases, allowing you to quickly access needed funds to deal with unexpected financial situations or cash shortfalls.
The amount of money that you may borrow on a car title loan depends on how much your vehicle is worth. Car title loans may be offered based on any type of vehicle that has some significant value to it, whether you have a car, a truck, or an SUV. As long as you do not owe money on the car and the car is not already acting as collateral for any other loan, then a title loan should be available to you.
Your car acts as security in a car title loan, giving us an alternate means of being repaid the money that you owe. While you get to keep the vehicle and continue to drive and use it as normal when you take a car title loan, we will hold onto the title until the loan is repaid. When your loan is fully repaid, your car title will be returned to you.
If you are interested, give us a call. Our loan representatives will be happy to help you. If you want to get started, simply fill out the online application form and hit the “apply now” button.