Car Title Loans At 70% Lower Interest Rates

No Credit Loan Richmond Hill Ontario

After decades of being the leaders in modern-day debtor supremacy, the reign of unsecured short-term loan lenders may soon be over.

In fact, collateral title loans for vehicles such as vehicle title loans are becoming the new leaders in the loan industry because of their borrower-friendly rates and terms. Since the early part of 2013, the Consumer Financial Protection Bureau has been hard at work on new laws and regulations that for the first time could impose nationwide regulations on the unsecured lending industry particularly the short-term loans. State lawmakers are also going double-time to crack down on the growing predatory practices of short-term lenders as they increasingly move from traditional neighborhood offices to the internet.

The movements for collateral title loan lenders

Today, there is a pro-vehicle title loan lending movement going around encouraging borrowers to shift to car title loans instead. In fact, a consumer advocacy group called National People’s Action is continuously encouraging borrowers on cable and free television through short ad clips to steer away from short-term loans run by shark lenders.

Disadvantages of unsecured loans

Basically, short-term unsecured loan companies are like greasy fast food that you can order fast but is actually terrible for your health, and in this case, terrible havoc on your wallet. Short-term unsecured loans are typically doled out with huge sky-is-the-limit interest rates with repayment terms of 14 to 30 days. Most often the repayment terms are too short for the borrower to recover. Things get really expensive for short-term unsecured loans. A shocking four out of five unsecured loans are rolled over into new loans within 14 days, and one out of five new unsecured loans rolled into a new loan up costing the borrower more than three times the amount borrowed. Lenders are usually charge as high as 400% interest.

The great benefits of Collateral Title Loans for Vehicles

On the other hand, collateral auto title loans have the lowest interest rates in the lending industry and the lowest even when compared to other unsecured loans. Payment terms range from 1 year to 2 years. Lenders don’t check up on a borrower’s credit score because the car title loan is already secured with the collateral.

Real Car Cash Loans is a leading collateral title lending company. This locally-owned and managed company has been helping individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 1 year to 2 years. For more information about the company, its title loans and other services, 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.