Lifestyle

Help to Get The Cash Without Job

Sometimes financially tough times can lead to stress and anxiety. Also, these situations break people and make them weak. At those times, you may need money instantaneously. And at such times, it can be frustrating to go to traditional lenders or banks especially if you are unemployed or have a bad credit score. 

Well, if you don’t want to waste your time being denied by these conventional lenders, you should apply for a car title loans without a job. This is also known as ‘pink slip loan’ or ‘vehicle collateral loan’.

Let’s first understand what traditional lenders and banks will demand from you in return for a loan:

Collateral: A collateral is something that you solely own and use to get the loan. This thing is required to submit to the lending institution so that they can be assured they will be paid if you will be unable to pay back the loan. It can be your home, car, boat, or land, etc.

Proof of income: Many institutions demand this proof to calculate the income to debt ratio. Moreover, this proof gives them a surety that you are able to pay back the loan. This is one of the primary aspects they consider to decide whether they want to take a financial risk with you or not.

Good Credit Score: This is another important factor that they look into to decide whether they can give you a loan or not. If you have a bad credit rating or if you are very young and do not have a credit rating, most probably they will deny to give you a loan.

Why Car Title Loans Are The Best Option?

A car title loan is the best solution to get rid of your monetary needs. To apply for this loan you should have a vehicle that must not be older than 10 years. Here are the major advantages of taking this loan:

A car title loan is the best solution to get rid of your monetary needs. To apply for this loan you should have a vehicle that must not be older than 10 years. Here are the major advantages of taking this loan:

  1. Instant Cash

With pink slip loans, you can get cash on the same day of applying for it. This works best when someone is in need of fast cash. You’ll not be asked to complete a long haul of procedural requirements.

  1. No credit check & proof of permanent income

There are several lending institutions who believe that having a bad credit score is not the end of the world. Thus, they do not check credit statements and provide you money even if you are in between jobs.

  1. No requisition of the vehicle is required

If you apply for a car title loan, the lending institution will not keep your car until you pay back the loan. This is a misconception that many people believe in. You will be free, independent, and authoritative to hold the ownership and use it as you were doing before. The vehicle is only used as assurance and for a guarantee against the money they provide.

  1. Long-term loan

Many lending institutions offer convenient payback schemes. They allow you to pay the loan in multiple installments. You’ll get a long-term period of at least four years to pay back the loan amount. You can also pay the loan before the loan term and they will not charge any prepayment penalties.

Different Conditions to Apply For A Car Title Loan

There are a few requirements to get this loan and these are as below:

  1. You should be older than 18 years.
  2. You must have a valid Government-issued Id Card
  3. A lien-free title to the car
  4. Must have a vehicle no older than ten years
  5. A fully-paid for vehicle
  6. A valid Canadian driver license
  7. Proof of permanent residency

Where To Get The Car Title Loan?

We generally find it difficult to trust a lending source when it comes to financial instruments like loans etc. Fast Canada Cash is a reliable source to obtain a car title loan without a job. They keep all the customer details private and confidential. And this is something that matters a lot. So, whenever you find yourself stuck and some kind of cash crunch, fret not, and contact these guys, as they are available 24/7.

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