Tag Archives: Same day car loan

bad credit auto loans

Get a Bad Credit Score Auto Loan To Fund Your Emergency Cash Needs

During difficult times in our lives we seek help and support from our friends or family. Although it may seem like a quick and easy option, you cannot rely on it solely. For instance, if you need fast cash, you cannot always ask them because it can get a little embarrassing. Instead, you can apply for a personal loan with a bank or try borrowing from other financial institutions.

These options are not instant helpers. Financial institutions have a long process of going through your credit profile before letting you borrow cash. For instances like a medical emergency or overdue credit card bills you need instant money and that’s what we provide you through our bad credit score auto loan. 

What Is A Bad Credit Score Auto Loan?

You can use your vehicle as collateral to get money through a car equity loan. It’s that simple. Using your vehicle title as security for the loaned amount is the best solution because almost everybody owns a car and using it as collateral doesn’t mean that you need to surrender your car to us.

In order to get funds through this loan, you must have a fully-paid car and a lien-free car title. You can borrow an amount of up to $40,000 just by pawning the car title. The positive equity value and working condition of your vehicle are the basis in calculating the amount you are eligible to avail for the loan. A credit score of the borrower is something that every lender considers before approving his loan request. But with our bad credit score auto loan, we  accept all types of credit. So even if you have a credit score below 574, we will still loan you money.

Hassle-free Documentation

Paperwork plays an important role when applying for a loan. Banks and other lenders ask for loads of paperwork and the borrower is made to sign a lot of documents to apply for a loan. Once the application is submitted along with the required paperwork, verification of these documents itself takes a lot of time and the borrower is left waiting for the approval. 

This makes the whole experience frustrating and time-consuming. In contrast, applying for a loan through Same Day Cash Loan is quick and easy because of minimal documents needed to process a loan. This helps you get instant approval of your loan request. 

Below are the requirements in getting a vehicle collateral loan:

  • Lien-free vehicle title papers
  • The vehicle shouldn’t be older than 10 years
  • A valid Canadian driver’s license
  • Proof of permanent residence
  • Registration and insurance of your vehicle under your name
  • The second set of keys to your vehicle
  • Proof of legal age in your province

Advantages Of A Car Title Loan

Our lending process is pro-borrower. We kept the requirements to a minimum. You don’t even have to let go of your vehicle, you can still use it even while making the monthly payments. We guarantee you the best loan experience across Canada when it comes to a bad credit score auto loan.

Call us at our toll-free number, 1-855-904-9880, to learn more about this loan or apply online.

Car Equity Loans

Get A Specialized Car Equity Loan For Your Financial Troubles

During these times of distress, many people are finding it difficult to handle their money affairs with efficiency. Problems like overdue credit card bills, medical emergencies, routine grocery expenses, etc. are some of the problems being faced by them. Either they are selling their assets for money or they are turning to  immediate family or friends for help. On the other hand, a specialized car equity loan has become quite popular because it gets you quick cash for all your urgent money needs. With its many benefits, people use it to cater to emergencies like divorce settlements, college tuition and books, and  house renovations etc. Below you’ll read about all the benefits you can get by using your  vehicle as collateral. 

Benefits of A Car Collateral Loan

With the help of a car collateral loan, you can get the  help you need within hours of applying. Same Day Cash Loan is a leading provider of auto equity loans and is known for processing loan requests within 24 hours of receiving them. Our process of dealing with the loan request is quick and easy. If you have a car that’s fully paid for, you can get this loan in no time. All you need to have is a clear vehicle title that is free from loans, liens, and financing. You have to use your car as collateral but without having to lose it, meaning you get to keep it and use it as you normally do.

Another benefit of choosing us over any other lender out there is that we don’t need your credit report for the loan. If you have a bad credit score, there are chances you’ll end up paying a much higher  interest rate. People fall prey to high monthly installments when they apply for a personal loan with banks and other lenders. But with us, you don’t have to worry about your dented credit history or low credit score. We don’t do Debt Checks and people with all types of credit can apply. In our loan, your vehicle acts as collateral for your loan. Your loan is supported by the title documents of your vehicle and hence a credit score really doesn’t matter. 

With our high approval rates, you have good chances of getting a specialized car equity loan as long as your vehicle is under 10 years of age. Another benefit is that you can continue using the vehicle as usual. There’s no requirement of storing the vehicle with us. Keep driving your vehicle while making monthly payments. All you have to submit is the lien-free title papers and spare set of keys.  

You can easily borrow up to $40,000 against your  vehicle. The maximum loan term  is 5 years which means easy and comfortable monthly payments. Another advantage of  our car equity loans is that we don’t ask for proof of income nor do we want your employment details. Also, if in case you ever feel like repaying the remaining loan in one go, you can do so through our prepayment facility and we won’t charge any penalty for that.     

All Credit Types Accepted

Many Canadian are in the process of building their credit history and it gets a little difficult for them to apply for loans especially during these present circumstances. There are chances that your loan application will be rejected by the bank due to no history of credit. But with Same Day Cash Loan, people with all sorts of credit can apply and get a title loan against their vehicle.   

Documents To Be Submitted

For more detailed information, you can get in touch with us through our online platform or talk to one of our loan agents. We will guide you through the process of our specialized car equity loans. All you have to do is fill out a simple application form with basic details like your name, email address, vehicle details etc. You will also have to provide the following paperwork so that we can start your loan process:

  1. Proof of legal age as per your province
  2. Lien-free title to your vehicle
  3. Vehicle registration in your name
  4. Valid Canadian driver’s license
  5. Proof of permanent residence
  6. Insurance papers of your vehicle (inclusive of collision and comprehensive)
  7. Spare set of keys to your vehicle (it should work on all doors and ignition)

So next time if you ever find yourself in financial trouble and banks have turned their back on you, try Same Day Cash Loan. You can reach us toll-free at 1-855-904-9880 or apply online.