3 Reasons a Car Pawn Loan Calgary Alberta is Better than Other Short-Term Loans

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No matter how much you prepare for emergencies, you’ll still be caught by surprise once or twice. Maybe a school project was more expensive than you bargained for or you unexpectedly got furloughed for two weeks. Fortunately, there are several short-term loans that can bail you out. However, a car pawn loan Calgary Alberta is your best option. Here are several reasons why:

Why a Title Loan is the Best Choice

  • It’s more secure and easier to repay. A title loan is better than a cash advance because of how fast and secured the loan is. Both the lending company and the borrower is protected by the collateral. It also ensures that interest rates are affordable, making it easier to pay back.
  • Your credit score has no major impact on the loan. People with poor credit scores are automatically disqualified from applying for a bank loan. This severely depletes the options available to you. It’s different with bad credit loans. Since the borrower has to put up collateral, one’s credit rating ceases to become a vital factor in a loan approval. The collateral will act as security and will cover the loan.
  • You can still use your car. Unlike pawnshops that keep the pawned items while the loan is active, title loan companies only need the car’s title. The borrower retains possession of their car. You can keep using your car to go to work or as part of your business.

Lowest Possible Payment in the Industry

Premier Loans Canada is your best bet when you need fast cash. This trusted lender offers as much as $45,000 in loans. They also offer low-interest rates and flexible payment plans. You don’t even have to undergo credit or employment checks. Log on to their website to apply or call their toll-free number at 1-855-965-1650.

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