Using A Car As Collateral Can Open The Door To Quick Funds

Have you ever find yourself in a situation where you need a large amount of cash, but don’t know where you can get it? Perhaps you might come across some unexpected situations where you have to pay high bills, but your pocket does not allow that much expenses. Who or where do you turn to in this situation, to get some financial relief?

Quick Cash Canada to rescue you! 

Quick Cash Canada offers quick cash solutions- car title loans in Regina. We will discuss what a car title loan is and what are the requirements to get the loan.

What is a title loan?

A title loan is basically a secured loan based on the equity of your vehicle. Borrowers simply use their car title as collateral for a loan, and lenders provide money based on the value of their car. Once you pay off the loan, the lender then returns your car title back to you. If you are reading this and thinking, “A title loan does not help me because I still need my car to get to work and provide some comfort to my family.” Let us tell you that you won’t lose your car. During the life of your loan, you can keep driving your vehicle. Once you pay off your loan, your title will be returned to you.

Many lenders capture the vehicle if the borrower fails to repay the loan. But Quick Cash Canada provide a second chance to their customers. If you are a resident of Regina and have already taken a car title loan with us, you might get some benefits like getting a loan again on the remaining value of the car. We will inspect your vehicle and calculate the remained equity so that you can get the amount. Try to save some money every month and cut off your unnecessary spendings. It will help you save some money which you can use to pay off your title loan and get the title of your vehicle back.

How much money can you borrow?

Your loan amount will be based on the current condition of your car. If your car is in a good condition, you will be able to get the maximum amount which will be more than the half of the car’s value. If you already had a loan with us and find yourself in a financial mess after a few months, you can apply for the loan. The amount will depend on the remaining equity in your vehicle. The more equity you have in your vehicle, the more money you can borrow.

What if your credit score is terrible?

You use your vehicle title as collateral and we believe your vehicle is your credit, hence, no credit check will be performed. Your title acts as a guarantee, so there is no need to check your current credit score or credit history. Not just the credit score, we don’t ask for the income proof.

What are the requirements to apply for a title loan?

Quick Cash Canada makes it easy for you to apply for a quick title loan. Here are some points you need to know in order to be eligible for borrowing against your car:

• The borrower must be of a legal age (18 years or above).
• A vehicle with a clear title.
• Your vehicle must not be older more than 12 years old.
• A valid Canadian driving license.
• Registration and insurance of the vehicle by your name.
• You must have collision insurance on your vehicle.

If you are able to fulfill the above requirements, you can get the money easily. Quick Cash Canada understands your hurry and approves loans within a few minutes. No lengthy paperwork or waiting for weeks. We make it simple to obtain cash. If you are looking for car title loans in the Regina or any nearby area, Quick Cash Canada is the place to go. Contact us at 1-888-517-1625 (toll-free).