Do you have bad credit? Do you need a loan but are unsure where to begin? Then consider an equity or car title loan in Alberta.

At Cash Loans Alberta, we understand that everyone needs some assistance getting back to their feet when they fall through hard times once in a while. The stress of financial struggles can affect your everyday life, and car title loans are a way to access the value or equity of your vehicle in case of emergency. You may be approved for a loan if you are in an equitable position.

So in this article, we’ll look at all things about equity and car title loans in Edmonton.

Car Title Loan – How Does it Work?

When it comes to equity loans, a car title loan leverages the equity of one’s vehicle to access the car’s current value. This can be determined by the following:

The make
Model
Trim line
Current market value

Applying for Car Title Loan

Getting a title loan on an older car is pretty straightforward. You’ll need to provide the following documents – government ID, proof of income, photos of the vehicle, and its mileage. In addition, you must prove that you own the car (the title should be in your name) and have nothing owed to any bank previously involved with financing it.

Your vehicle might be older and at the cusp of acceptance. Some lenders will accept cars as old as 12 years. This might only get you $400, but this could be precisely what you need.

Applying can be done online or in person and takes around 25 minutes. When using, you need a form of ids such as your driver’s license or passport – that way, they know who’s borrowing money from them! They usually approve loans within 24 hours, but if you’re approved on the same day. This could save time because there is no waiting period between application and approval.

Car Title Loan Requirements

Used vehicles can usually qualify for an equity loan if they are eight years old or newer and have full insurance coverage. The vehicle must be drivable, and you must also be the registered owner.

Often, a mechanical assessment will be required, as well as a Carfax report to show any past collisions, if there are any.

Why Cash Loans Alberta?

At Cash Loans Alberta, we are sympathetic to your circumstances. And this empathy is why we provide the advantages that other equity loan lenders dismiss. Instant approval for the loan you require, and it doesn’t matter whether you have good, bad or no credit!