A good and responsible driver understands how valuable their car’s title is. This document proves your ownership of the vehicle. It’s also vital if you’re going to use your car equity London Ontario to get an auto title loan. You’ll have no hope of getting a loan without it. But accidents or bad things can happen despite our best intentions. What should you do if you lose your car’s title and need to get a fast loan? Should you even inform the lender that it’s missing?
Is Honesty the Best Policy with Auto Title Loans?
The one non-negotiable rule of challenged credit auto loans is the collateral must have a lien-free title. You will surrender this title to the lender instead of the vehicle. The company will return the document once the loan has been repaid. Because the car remains with you, you can keep using it. It’s one of the benefits of this loan.
So what would you do if you lost the car’s title? Deciding to inform the lender or not is irrelevant. The state of your car’s title is not the lender’s concern, it’s yours. If you can’t produce a title, your application won’t move forward. What you should do is get a duplicate copy as soon as possible. Go to your local DMV and start the process.
The Number One in the Industry
You’ll be working with the best lender in the business with Premier Loans Canada. We specialize in title loans and can offer as much as $45,000 in loans. We also have the lowest interest rates and monthly payments around. We also provide flexible payment plans. Log on to our website or call our toll-free number at 1-855-965-1650.
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