Your Cheat Sheet to Understanding Title Loans in Victoria, B.C
At Cash Advantage we understand that life happens and that, occasionally, you come up a little short. Whether it’s an emergency expense, car repairs, bills, or just because—we understand. That’s why we’ve made getting a title loan fast, easy, and hassle-free. But what is a title loan, and how do you get a title loan in Victoria, B.C?
So What is a Title Loan?
For those unfamiliar with the term, a title loan—also known as a ‘car title loan’—is a type of secured loan where borrowers can use their vehicles as collateral. We at Cash Advantage make it our priority to offer a variety of services, all with the aim of transparency and convenience for our customers. So how do you get a title loan in Victoria. B.C?
Personal Qualifications
Don’t worry: our personal qualifications to get a title loan in Victoria, B.C, have been crafted to be as uncomplicated as possible. Do you currently live in Victoria? Are you 19 years or older? Do you have a minimum three months of employment, pension, or any other accepted income? Then you’re already on your way to being able to get a title loan in Victoria, B.C
Vehicle Qualifications
So what vehicle qualifications do you need to get a title loan in Victoria, B.C? We’re glad you asked! First of all, if you have a car or truck don’t worry: you keep your vehicle, no questions asked.
All we ask for is no liens, that you’ve had no major damage or accidents, that the wholesale value is more than $2500, that the vehicle is 12 years old or newer, and that the collision and comprehensive insurance—as well as the BC Registration—is in your name.
Documentation Qualifications
Last but not least are your required documents for successfully getting a title loan in Victoria, B.C. We’ve made it so the documents we need from you are as straightforward as can be. You will need to provide a 60 day bank statement; a blank cheque or PAD authorization; your most recent paystub; a valid insurance and BC registration; a valid driver’s license; a utility bill or other proof of residence; a spare key for your vehicle, which is kept in our safe and returned when the loan is paid in full; and six pictures of your vehicle which we will take when you’re here. Sound easy? It is! We pride ourselves on being the most straightforward, uncomplicated loan-lending business in Victoria.
If you’re in a pinch, a title loan may be the way forward for you. Unsure? No problem: give us a call at 250-475-6267, send our staff an inquiry at support@cashadvantage.ca, or pop by to chat with us in-person at 770A Hillside Avenue.