Getting Cash in a Pinch

by David Nguyen Premier loans Canada

Quick, short-term and easy loan services. We all look for some easy money when caught up with a financial distress.

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Review on Getting Cash in a Pinch

Vehicle title loan refers to a short-term loan offered to a borrower by keeping their vehicles title as a collateral. To leverage this collateral loan, the borrower must be the lienholder of the vehicle in question. Such loans are for a pretty short duration, usually 30 days or less and you need to repay the lender within this duration to repossess your vehicle.

In simple words, you give in the title or the ownership of your vehicle to the lender for a short-term for a quick cash with no credit check and the least of income proof.

The best part is that you get to keep your vehicle during the loan duration. Easy cash without a hassle!

There is no limit on the kind of vehicle you can keep as a collateral. Be it a car, RV, SUV, motorcycle or a truck, you can easily qualify to leverage auto equity loans if you hold their papers and a legit ownership. You may even borrow money up to $45,000 according to the vehicles market value.

This loan can be leveraged even if you are still paying for your vehicle. Generally, the lenders ask for a full equity but some may let you get away if you are still paying off purchase loans.

Now lets look into the advantages of going for an Vehicle title loan.

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