Car Title Loans At 70% Lower Interest Rates

Pickering Ontario No Credit Loan

A no credit loan is simply a secured collateral title loan for vehicles for those with bad credit scores.

Why is a collateral title loan also called a no credit loan?

A collateral title loan is a loan that is secured with collateral that can be sold in the event the loan is not paid. The borrower is giving the lender the legal right to sell whatever assets that have been listed as collateral on the loan should the borrower default on the loan. Stocks, bonds, property, a vehicle, or a house are common items used as collateral. Vehicles that are owned outright can be used as collateral for vehicle title loans.

What is a collateral title loan for vehicles?

A vehicle title loan is a loan secured using the title of a vehicle. The borrower puts up their vehicle title as collateral for the loan. These are very low interest rate loans lasting from 1 year and up to 2 years. If the borrower defaults on the loan the vehicle is repossessed by the lender and the car is sold to repay the loan. No credit checks are done so this is why these loans are also called no credit loans.

Why do collateral title loans have very low interest rates?

Loans using cars as collateral actually have the lowest interest rates in the lending industry. Collateral car title loans are loans that require items to be put up as collateral, in this case, the vehicle and the vehicle title. The interest rate is also much lower than an unsecured loan because the loan is already secured by the collateral.

You need to get a car title if you plan to apply for a collateral title loan

The first thing to do is find the vehicle’s VIN number. It should in the current registration paperwork. You will then need to request for duplicate title form either from the local Department of Motor Vehicle (DMV) office or from the official DMV website. This form needs to be filled out and notarized. If there is a lien against the car, like a car loan, then automatically you can’t apply for a car title loan. The form and fee will be filed at the DMV. The new title will be sent after a waiting period of about 10 weeks.

At Real Car Cash Loans, we can answer all your questions honestly about collateral title loans. Call Real Car Cash Loans toll free at 1-877-304-7344 and apply now or apply online.The customer service of Real Car Cash Loans representatives is almost second to none.

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.