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Car Title Loans Brampton Ontario Is the Solution to Your Bad Credit Score

Dec 23, 2015

What are no credit check title loans?

No credit check title loans are a convenient way to take out a loan even with a bad credit score or a lack of credit history. This is convenient for people taking out a loan for a first time or for those who have had trouble with credit scores in the past. A no credit check title loan is essentially an equity loan. This means that you can use the equity of a property which is fully owned by you as collateral for your loan.

Borrow up to $60,000.00 with a car title loan

When you apply for car title loans, the equity of your car is used as collateral for the loan. This means that credit scores do not matter in the approval of the loan. Your maximum loanable amount is determined by the current true market value of your car. Your car’s true market value is appraised based on factors such as its year, make, model, mileage, and engine condition.

No prepayment penalties

One of the benefits of applying for vehicle title loans is that there are no prepayment penalties. This means that there’s no need to worry if you decide to pay off your remaining balance before your loan term is over. It’s guaranteed that no other charges or penalties will be added to your loan.

With Canada Loan Shop, it’s easy to feel at ease thanks to our well-trained and experienced professionals, fair appraisals, extremely low interest rates, long loan terms, and convenient, affordable, and tailor-fit payment plans. Rest assured in the fact that we cater our terms to your individual needs, preferences, and financial capabilities. What are you waiting for? Call us now at our toll-free number 1-844-572-0004 or apply online.

How It Works

What Is a Title Loan? A car title loan can be a fantastic way to solve short term cash needs by using your vehicle to borrow money rather than with your credit score. The amount you are able to borrow is based your vehicle's value and condition, your individual loan needs, and your ability to repay.

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