Car Title Loans At 70% Lower Interest Rates

No Credit Loan Peterborough Ontario

While unsecured short-term loans are taking a beating, collateral title loans for vehicles or no credit loans are getting an all-time high.

In the last four years alone, traditional short-term unsecured lending revenue has been going flat or has been decreasing. However, revenue from online vehicle title loan lenders has more than doubled, from just over $1.5 billion in 2006 to more than $4 billion in 2013.

Collateral title loans carry lesser risks compared to unsecured loans

Online car title loan lenders actually don’t differ much from their brick and mortar peers. On top of that, borrowing from traditional unsecured loan lenders can put consumers at greater risk of identity theft.  Some unsecured “lending generators” even pose as middlemen and gets borrowers to submit their Social Security and bank account number in exchange for finding them a lender that will issue them a low-cost loan. But once a borrower’s personal information is collected, the loan might not come at all.  The most nefarious online short-term unsecured loan lenders charge up to 390% interest on collateral title loans.

Collateral title loans have better benefits and are regulated by law

Not many people know that in certain states there is now a cap on interest rates for short-term loans. Auto title loans are already regulated by law which is why its interest rates are the lowest in the lending industry and even lower when compared to unsecured loans. There are already many cases wherein a state Attorney General and even lawmakers have filed cases against unscrupulous unsecured lenders for charging very high interest rates. Some of these dishonest lenders tried to avoid detection by going online or through late night TV ads.

The benefits of real collateral title loans

Instead of getting a short-term unsecured loan, pick up the phone and instead contact a lender dealing in collateral vehicle title loans. Nearly 70% of collateral loan borrowers turn to car title loans to pay for a recurring expense like a utility bill or an emergency medical bill. Collateral title loans for vehicles not only offer the lowest interest rates, but the repayment terms run from 1 year to 2 years. No credit checks will be made because the loan is already secured by the collateral. So long as the vehicle title is in the name of the borrower and lien free, the loan can be approved in an hour or less.

At Real Car Cash Loans, we loan you money 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.