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Equity Loans York Ontario Lets You Apply for Quick Loans by Using Your Vehicle as Collateral

Dec 23, 2015

Applying for a traditional bank loan can be a frustrating experience

Traditional bank loans can come with many unwanted complications. For instance, the processing period for a bank loan usually takes a few days to a little over a week. This can be very detrimental if you’re trying to get out of debt in a hurry. Also, if you apply for a traditional bank loan with a poor credit score or a lack of substantial credit history, chances are your loan application will end up being denied. This can be quite frustrating if you’ve already been waiting for a week for your loan to be approved.

Circumvent the problems that come with traditional bank loans

By applying for equity loans, you can circumvent most of the frustrations that usually come with applying for a traditional bank loan. Through equity loans, you can use a property you own as collateral for your loan application. Also, because you will not be required to undergo a credit check, your loan can be approved in only one hour or less.

Keep your vehicle throughout the duration of the entire loan term

Even though your vehicle will be used as collateral for the loan application, you will not need to worry about having to turn it over. You will not be required to stop driving your vehicle at any point in time during the loan term when you apply for vehicle title loans.

Canada Loan Shop enables you to apply for a loan regardless of your employment status, your credit score, or credit history. You can apply for a car loan of up to $65,000.00 simply by using your vehicle as collateral for the loan application. To get yourself out of debt today, simply call us at our toll-free number 1-844-572-0004 or submit your application 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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