A sudden trip to the ER or an unexpected expense can throw your whole budget off. While it is undoubtedly stressful, there is always a solution to every problem. If there’s an emergency, a fast loan North York Toronto is one of the best options as it will only require that you have a car to use as collateral. But what if the title is not in your name?
Can I Apply for a Loan if the Title is Not in My Name?
There are situations when you have a car, but the title isn’t in your name yet. This usually happens if you inherited the car, it was given to you, or you just purchased it. Unfortunately, one of the fast and hard rules about specialized car equity loans is that the vehicle’s title should be in your name.
Fortunately, the solution to your dilemma is simple. Whether you only have a bill of sale on hand or your grandfather just gave you his old car, you should immediately take steps to get the title transferred in your name. The first thing you need to do is to get in touch with the nearest Department of Motor Vehicles to inquire about the process of securing a title. You might be asked to get a surety bond as the first step or required to head down to the DMV office to update the documents in person.
Trusted Car Loan Expert
You’ll be working with the experts with Premier Loans Canada. The company can offer you as much as $45,000 in loans, along with low-interest rates and affordable monthly payments. They also provide personalized payment plans to every customer. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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