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It’s a sad fact that a lot of people have less than a thousand dollars in savings. This means that if there’s an emergency, they won’t be able to deal with it. This is where title loans come in. Specialized car equity loans Ajax Ontario was created with the idea of helping people who need money fast. There are several things that set this loan apart from traditional loans. Read on to find out what.

3 Things to Remember About Title Loans

  • Even people with bad credit can apply. This loan requires the lender to provide collateral, and this is where the loan amount will be based. And because there’s collateral, your credit score isn’t considered a major factor. It’s why this loan is so popular; even people with a low credit rating can apply.
  • The whole process can be done in one day. This is another reason behind the success of bad credit auto loans. You can apply and submit all your requirements online and receive notice of approval within the day. The funds for your loan will also be released immediately. This means you can get the cash you need in less than 24 hours.
  • The vehicle doesn’t have to be fully paid off. While most lenders prefer that the borrower will present a lien-free title, there are companies that still accept collaterals that are not 100% paid off. However, the equity amount should be substantial for this to be considered.

Lowest Interest Rates You Can Find

Enjoy large loans and low-interest rates with Premier Loans Canada. You can borrow as much as $100,000 in loans, without worrying about mandatory credit or employment checks. The company also offers low-interest rates and affordable monthly payments. Log on to their website to apply or call their toll-free number at 1-855-965-1650.

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