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Auto Loan 101: Exactly What Is an Auto Equity Loan?
Fast Action Finance2020-06-18T12:21:08-04:00There are more thanÂ 35 million carsÂ registered in Canada. That is a lot of people with a backup plan for getting emergency cash.
An auto equity loan (also known as a Car Title Loan) is a way for someone to get emergency funds by leveraging their car as an asset. It's a less commonly known option for these types of situations. But it can be a great option to get out of a bind.
Let's talk more about an auto equity loan...
What Is the Canada Emergency Business Account also know as CEBA?
Fast Action Finance2020-04-29T13:33:55-04:00It has been said that a global pandemic hits the world every 100 years. As history teaches us, the world was stuck with the Spanish Influenza in 1919. Right on schedule, the first cases of coronavirus COVID-19 appeared in 2019, exactly 100 years later, and the pandemic entered full force in 2020.
Millions of Canadians are now suffering due to this pandemic, be it through disrupting their social lives, loss of employment, closing of their businesses, sickness and fear of...
Here’s How a Car Title Loan Can Help Lower Your Overall Debt
Fast Action Finance2020-06-18T12:21:17-04:00While the global economy has been steady for years, some now say we have already begun aÂ worldwide decline. But, regardless of what's happening in the world, regardless of whether the rest of the world is doing well, there are always those of us who are just trying to get by.
When times get tough financially, the burden can feel absolutely crushing, especially when you feel there is no way out of the situation you find yourself in.
But, there are options...
Wondering About Yor Car Title Loan Estimate? Here’s How Your Car’s Value Is Determined In Canada
Fast Action Finance2020-01-31T16:15:48-05:00If you're in need of some short-term cash, a car title loan estimate could be a good option. A car title loan is taken out against the value of your car.
Your car is used as collateral. Therefore, you won't need to sign a bunch of lengthy paperwork other loans might require. Also, if your credit history isn't spotless, you don't have to worry. You won't need to go through an unnecessary credit check.
If you own a car in good...
Fast Action Finance2020-01-12T13:22:04-05:00Most of us have heard of title loans, but how many of us really understand them?
With so many myths, misconceptions, and rumours circulating about them, itâ€™s understandable why people would be wary and left with so many questions.
Some unscrupulous lenders have painted the whole industry in a bad light.
Let's look at how title loans work and debunk some of the common myths surrounding them.
How Title Loans Work
Basically, a title loan allows you to use your vehicle as collateral to...