Car title loans offer an easy way to obtain a short-term loan in an amount determined by the value of your car or truck, along with your ability to make payments. The amount of money the car title loan company will offer depends on numerous factors including the information on your application and your current income.
The application process is simple and quick. Without the need for a credit check or obtaining a report from a credit agency, loans are offered to individuals with no credit, or bad credit, along with those that have gone through bankruptcy. The loan amount offered will be based only on the car or truck’s value along with your capacity to repay the debt.
Car Title Loans with Bad Credit/No Credit – Barrie Ontario
Obtaining a car title loan is significantly different than a traditional loan from a banking institution. A car title loan is secured against the collateral value of your car or truck. Because it involves no credit check, the rating of your credit score plays no part in the determination of whether or not you will receive a loan.
Advantages of a Car Title Loan – Barrie Ontario
As a quick, popular way to generate instant cash, many individuals see the advantages of getting a car title loan. The advantages include:
- Quick and Simple Processing – With a simple and easy process, you can obtain money extremely quickly.
- Instant Access to More Cash – Unlike obtaining small amount loans through credit cards or payday loans, you will likely be able to obtain more cash quicker through a loan against the value of your vehicle. Most car title loans can be processed fast, usually taking no more than a single day or two.
- Available to Everyone – Involving no background check or credit check, the process is available to everyone. You are putting up collateral using your car or truck, secured by the title of the vehicle until the loan has been completely repaid.
- Ability to Use the Car – Without requiring the need to sell your car or truck to generate the cash, you can still use your vehicle while repaying the debt. Although the lender will obtain the title of your vehicle along with a pair of keys, you will have the ability to continue driving it while repaying the debt.
The Process – Fast Cash Barrie Ontario
The process of obtaining a car title loan is a simple one that includes:
- Apply Online or by Phone – Applying is simple and painless. Once the application has been completed online, or over the phone, you will be contacted by a company representative to begin the paperwork process.
- Processing the Paperwork – After all the simple paperwork has been completed, you will fax or send a copy of certain documents including your driver’s license, to begin the finalizing of your loan.
- Getting Your Money – Finalizing your car title loan will provide you with instant access to your cash to use the funds anyway you choose.
Obtaining a car title loan in Barrie Ontario allows you to maintain control over your vehicle, without changing your lifestyle. Best of all, you get almost immediate access to your money. Apply today ! We serve customers from all over Canada.