You have several options available to you if you’re in a financial pickle and need extra cash. You can always borrow from friends or family, pawn some valuables, or apply for a quick car loan Surrey British Columbia. The latter requires that you have your own car with a lien-free title. But what if you just inherited the car or it was given to you?
Can You Apply for a Loan with a Signed Over Title?
There are rare situations when an individual has a car but their name’s not on the title. Perhaps it’s an old vehicle they inherited from a favorite grandfather or it was just given as a gift. In this case, they can’t be used as collateral for title loans. The original owner has to first sign a particular portion of the title of ownership and officially transfer the car and its title.
You would have to go a different route if you’re sharing ownership papers with someone else. To ensure everything goes smoothly, check that there’s an “and” between your name and the other person. It will confirm that the car belongs to you and another individual Always remember that your name should be in the car’s title for you to be able to use it as collateral for a car pawn loan.
Lowest Interest Rates in the Industry
You’re working with the best with Premier Loans Canada. The company can offer as much as $45,000 in loans. They also have the lowest interest rates around. This reliable lender is also known for their affordable monthly payments and flexible payment plans. Their application process is so fast you can get the money you need within the day. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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