The majority of car loan lending companies have a set schedule and payment amount you must adhere by, which can actually cause you undue stress. However, we’re different!

We don’t give you a payment schedule and amount. We let you tell us how much you can comfortably pay back every month and, so long as the loan is paid back in a three-year span, we’ll agree to it!

That means instead of us demanding the money is paid back in a year or less (as most title lenders demand), we’re more flexible in that we ensure the payment will fit into your monthly budget.

7 Essential Requirements To Be Approved For A Title Loan

• You need a computer.
• You need access to the Internet (essential for email, online banking and the capacity to get Interac money transfers).
• You must provide us with a spare key (or remote) until you have paid the loan off entirely.
• You’ll need to supply copies of both ownership and insurance certificates, ensuring the insurance is current and up to date.
• There should be no vehicle liens or financing.
• Take pictures of your driver’s license and vehicle that must be e-mailed to us.
• You need a current utility bill that shows both your address and name.

Several Factions Of The Canadian Loan Industry

The Canadian Loan Industry is comprised of quite a few factions.

• You have the national and international financial lending establishments.
• There are regional or provincial savings and loan companies and credit unions, which are comprehensively controlled by various pieces of legislation.
• There are various local lending companies – standalone companies, several sites and franchises.
• There are several payday loan businesses that work with the guidance of the Payday Loans Act.

Most customers in need of cash fast want Vancouver Title Loans that will grant them this. When it comes to the day-to-day operation of Savings & Loans institutions, credit unions and banks, a board of directors is behind it all. Thus, there are strict lending conditions that must be followed; no room for flexibility.

While these institutions do grant loans, it’s often only for folks who have an untarnished credit report. Another real problem behind these lending places is the constantly rising loan minimums banks have instituted. No more will banks loan a small amount of money, which means any person looking to borrow $5,000 will need to rack the debt up on their credit card.

It’s true that payday lenders also have strict rules they adhere by, and despite the fact that many of these places are franchises or privately owned, there’s not much room to maneuver in their business model.

Now, local Vancouver Title Loans lending companies offer the best solution for consumers who need quick access to loans. At these local places, owners are typically active in the business daily runnings. These folks can be swayed into giving money to a borrower and work with the borrower to come up with a solution – usually using techniques that are not in-the-box - to their financial issues. These lenders will use a borrower’s collateral like paid off vehicles such as Title Loans to approve a loan.

If a borrower needs a higher monetary amount, these lending companies will hold the person’s collateral as security – emergency loans, secured loans or collateral loans. Vancouver Title Loans is one of several local lending businesses that give people instant access to money they need using their 2002 or newer automobile.