Vehicle title loans are now a major part of mainstream loans. Its popularity is due to its simple requirements, fast approval, and to the fact that even those with poor credit scores or are currently unemployed can apply. While car collateral loans Kelowna British Columbia are considered secure loans, it doesn’t mean the applicant will automatically be approved. Lenders still need to weight the vehicle’s value. Key Factors That Affects a Car’s Equity The value of the collateral you put up can affect the status of your loan or the amount you can borrow. Lending companies look at several factors when evaluating an application, like: Make and model. This is possibly the most important factor lenders consider. Some brands admittedly […]