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Need cash in a  hurry? Car collateral loans Ajax Ontario have helped millions of people who found themselves with unexpected expenses. This secured loan’s fast application process and same-day funding have made it popular. Here are the important details you should know about auto title loans.

Understanding the ABCs of Auto Title Loans 

  • Applying is easy. This loan has fewer requirements. You need a high-value vehicle, a clean title, and proof you can repay the lender. You also have the option of applying online or in person. The collateral means approval is quick as well. 
  • Borrow as much as $45,000. The loan amount depends on the value of your collateral. Many lenders offer anywhere from 25% to 50% of the vehicle’s current value. 
  • Credit checks and credit scores are not a big deal. The collateral you put up will cover the loan. Many title loan specialists don’t do extensive credit checks anymore because of this. Your credit score also isn’t a big factor for the same reasons. It’s why even people with poor credit ratings can apply for this loan. 
  • Defaulting on your car pawn loan has major consequences. The lending company can repossess your car if this happens. It will also go on your credit history and affect your credit report for years. 

Lowest Possible Payment in the Industry

Apply for a loan at Premier Loans Canada today and solve your money problems. We can offer you as much as $100,000 in loans. We’re known for our low-interest rates and affordable monthly payments. Our customers can also choose the best payment terms for them. Sign up on our website or call our toll-free number at 1-855-965-1650.

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