Auto title loans have gained acceptance and even prominence this past decade. Millions of people have turned to these secured loans during emergencies and unforeseen expenses. And in light of the pandemic we’re currently in, bad credit loans Red Deer Alberta have become even more crucial.
Reasons Title Loans are Necessary Now
- They’re available to everyone. Specialized car equity loans don’t require borrowers to have excellent credit scores. Lending companies only ask for collaterals with enough value to cover the loan. Even those with poor credit scores or have no credit history can still apply. People who are unemployed or retired can also qualify if they have an alternative source of income.
- The application process is fast and easy. While bank loans are a great option, they take weeks to process. You can finish applying for a title loan in less than an hour, including car inspections. Approval can be secured in less than four hours, and most lenders can release the funds within the day.
- Your collateral remains useful. You don’t have to surrender your vehicle to the lending company. They only require the title of ownership. Your car stays with you, and you can continue to use it to get around or to generate extra income.
Number One in the Industry
Need some fast cash? Premier Loans Canada is the company to call. One of the most trusted companies in the country, they offer loans as high as $45,000. They also have low-interest rates and affordable monthly payments. They even offer flexible payment plans and extended loan terms. Sign up on their website or call their toll-free number at 1(855) 965-1650.
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