Summary – Car Title Loans Canada, a reputed lending institution which has its office in Brampton, Ontario, recently started offering no credit check car collateral loans Brampton.
The lenders have made it clear that they only need is to use the customer’s car title as collateral. They maintained that their loan executives check the eligibility preconditions of loan candidate over the phone and if the loan applicant is found qualified, then customers can collect the loan amount in one hour.
Car Title Loans Canada promises a hassle-free and stress-less loan approval method for all applicants. The owners have underscored the reality that anybody who is in urgent need of cash would be approved for a loan, regardless of their credit score or their financial condition. However, they have clarified that the car collateral loans are given only to registered owners of cars. As far as car conditions are concerned, they have maintained that cars of all models and makes can be kept as collateral.
One of the senior loan executive of Car Title Loans Canada recently explained how car collateral loans works. He said that loan applicants need to give some basic informations about their cars. “As owning a car is the main and only requirement for getting loan, we ask all our loan applicants to provide us with relevant documents so we can appraise the application and grant the loan as quickly as possible. We don’t do credit check, and we do not also check the financial background of the loan applicant. Literally, everyone is welcome to apply for a loan, provided they own the vehicles they use. We would then place a lien on the vehicle title, and the lien is removed right after the loan is repaid. The process is too simple as it sounds and there are no strings attached to it”, he said during a press conference.