Car Title Loans At 70% Lower Interest Rates

Whitby Ontario No Credit Loan

Why pay for a 150 percent loan when you can get a collateral title loan for vehicles.

Desperate consumers who are out of borrowing options because of low credit scores are using their vehicles as collateral and paying for very low interest rates for vehicle title loans. Borrowers take an average of 1 year to 2 years to repay the loans.

The success and size of collateral title loans

The size of the car title loan market is roughly equal to the size of the unsecured loan market. Auto title loans are now regulated by law throughout most of North America. This makes the size of the market even more surprising. The market size is comparable because of the sheer size of the vehicle title loans and that, on average, roughly three times larger than traditional unsecured loans.

The dangers of applying for unsecured loans

Consumers who find themselves needing a loan, but can’t use standard options, such as credit cards suddenly see aggressive late-night television ads that pitch short-term unsecured loans as a solution. Loans are often issued at 150 percent interest per month. In short, it costs around $250 to borrow around $1,000 for a month.

The benefits of getting a collateral title loan

Generally, consumers can borrow the assessed true market value of their car, so long as they can prove that they clearly own the vehicle and can put up the vehicle title as collateral.

Another unique and concerning characteristic of car title loans is that lenders don’t make any assessment based on the borrower’s credit score. In fact, lenders don’t run credit checks, and borrowers don’t need to prove employment to obtain the loans. To lenders, there is almost no risk because the loan is completely collateralized.

Most borrowers are highly motivated to repay the loan because their vehicles are usually their most valuable piece of property, and vehicles are needed for transportation to work. Repossession, which costs an additional $300 to $400 in fees, means outstanding loans are always repaid.

This is a loan of virtually no risk, for the borrower.

At Real Car Cash Loans, we help you with any collateral title loan based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Real Car Cash Loans toll free at 1-877-304-7344 and apply now or apply online.

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.