Why are Bad Credit Loans Vernon British Columbia Sometimes Called Pink Slip Loans?

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A pink slip is actually the Certificate of Vehicle Ownership. This pink slip is what we also call the car title. This is the car title that is left with lenders of collateral car title loans to serve as collateral when applying for the loan. The pink slip or car title must be lien free to qualify for the loan.

 Collateral car title loans are preferable to unsecured bank loans or short term loans because:

  • The owner has the benefit of keeping the car while repaying the loan.
  • The process is fast and easy. You get loan approval in one hour.
  • It does not require any credit checks because they won’t matter with the loan approval.
  • All that is needed to be submitted is a valid driver’s license and proof of permanent residence.
  • The car is inspected and appraised for its true market value.
  • Up to $100,000 can be borrowed.

 Loan amount is based on the true market value of the car

Bad credit loans Vernon British Columbia are based on the true market value of the car and the loan amount is determined also by:

  • Overall car and engine condition.
  • Total mileage of the car.
  • Make and model year of the car.

Very low interest rates

When it comes to the interest rates, no credit check title loans offer the lowest interest rates in the lending industry. Payments can be as low as $97 per month. Also, loan payment terms are the longest up to 4 years.

The above are all you need to get fast emergency cash today, so why wait? Stop worrying about your financial emergencies and take control of your finances right now. Your collateral vehicle title loan cash is out there, just waiting for you to come and get it, so let Fast Canada Cash supply your next car title loan. Go get your fast, quick, and instant car title loan today by applying now or applying online. You can call Fast Canada Cash toll free at 1-(888) 511-6791.

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