Car Title Loans At 70% Lower Interest Rates

Fast Cash Loan Taber Alberta

Auto title loans are among the most sought after financial solutions to some of today’s most urgent problems. They are fast, convenient and easily attainable. Borrowers don’t need to go through the hassle of credit checks and other tedious paper works just to obtain a loan. The entire process is fast and simple. In fact, it can be done in a matter of hours. However, just because it’s easy to obtain doesn’t mean that everyone should go right ahead and get it without truly understanding how it works. Before you fully commit yourself to obtaining this kind of loan, you have to educate yourself first about the nature of auto title loans.

How it All Began

Vehicle title loans were first introduced into the market during the early 90s. They served as a convenient solution to people who were in need of financial assistance but were struggling to obtain a regular loan due to their bad credit records. Since then, the loan has grown more and more popular according to the Center for Responsible Lending and Consumer Federation of America. They are highly similar to pay day loans as well as other types of short term loans.

Modern Regulations Involving Auto Title Loans

While the terms and conditions vary from one lender to another, the rules involving auto title loans are quite similar everywhere. While the loanable amount depends entirely on the condition of the car that’s about to be presented as collateral, lenders do impose a limit. A borrower is less likely to loan more than $4,000 per application. Apart from that, restrictions are also imposed on loans that would cause the borrower to pay off more than 50 percent of his gross monthly income. For that reason, the lender may require proof of the borrower’s income source just to verify the amount of money he gets on a monthly basis. This will help the lender assess the borrower’s financial capacity. As for the lender, they are not allowed to impose penalties or interest rates that may result in the borrower having to make balloon payments.

Real Car Cash loan is a locally owned and managed company. It ranks as one of the most trusted collateral lending companies online. They are known for offering a range of convenient financial services such as auto title loansto different consumers nationwide. If you wish to know more about their terms and services, apply now or you can call them toll free at 1-877-304-7344.

Car Title Loans Specialist

Call us at 1-877-304-7344

1) Our payment are as low as $97 per month

2) During the loan, you get you keep your car

3) You can pay out your loan anytime without any

penalties

4) Your can borrow up to $25,000 depending on the value of your vehicle

5) You can choose a 1 year or 2 year term loan.