Same Day Collateral Loans for Canadians

Financial emergencies can happen anytime. You can save money a bit at a time to hopefully have enough money saved away for a rainy day(emergency funds) It is the definitely smart thing to do but many of us live paycheck to paycheck not leaving much leftover to put away for savings. The reality is that the more money people make, the more money they are likely to spend, leaving nothing to put away for savings.

So what can you do about money in a financial emergency?

In a financial emergency, most people turn to their credit card(s) to cover expenses. However, what happens when you don’t have much credit left? Borrowing from your family and friends is something to consider but is usually not the ideal option for most people.

Sometimes options seem very limited but why not try getting a loan. Check out some different loan options you can consider:

1. Bank Loans:

You can consider getting a loan from the bank. There are some pretty strict requirements that need to be followed in order to qualify for a bank loan. You require having a credit score above 720 but it may still be possible to get loan approval with a credit score as low 620. The bank loan procedure can be lengthy and may take some time to get the money you need. Bank Loans are usually not the best choice if you require instant cash!

2. Payday Loans:

Payday loans can help you get the money you need instantly by providing you an advance on your paycheck. You get funds quickly but usually at a higher interest rate, which can be hard to pay back. Once you pay back your loan on your payday, you find that you need money again! You end up caught in the vicious payday loan cycle. In Canada, payday loan interest rates and rules also vary province to province.

3. Pawn Loans:

Local pawn shops can provide loans in exchange valuables such as jewellery to vehicles. In Canada, pawn loan shops can charge up to 25% per month making it hard for you to pay back.

4. Collateral Loans:

A collateral loan is one of the best options to consider getting quick cash. You can apply online and get approved in minutes. You can get cash on the same day of applying. The best thing about these loans is their low-interest rates that make it easy to pay back.

Consider a collateral loan by Canadian Cash Solutions as the best choice when you need instant cash or have a bad credit score.

Benefits of Collateral Loans by Canadian Cash Solutions:

Whether you have bad credit or no credit history at all, you can easily get approved at Canadian Cash Solutions. To qualify for a loan you need to own a fully paid vehicle with a clear title to be used as collateral for the loan.

Canadian Cash Solutions provides instant cash with quick loan approval. Apply online, get approved in minutes, and get cash in hand on the same day! You do not have to jump through hoops or go through a hassle of requirements like you would for a bank loan. Submit simple documents such as a clear vehicle title, a valid Canadian driver’s license and proof of permanent residency.

 

To learn more about our Collateral Loans call us (toll-free)1(855) 622-8564 or apply online today! Get the instant cash you need to deal with whatever emergency situation you’re facing!

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