Blog

How does Car Title Loans work and how to get Online in Canada?

How do I use my car as collateral for a loan in Ontario, Canada?

if you need to get cash fast for an emergency a Car title loans could be just the solution. If banks and traditional lenders have turned you down don’t worry there are still options for you if you own your car and have a clean title. you could consider a car title loan to help. They come in handy in paying up unexpected bills and have lower fees because you use your car as collateral.

While you can apply for a car title loans from credit unions or banks nothing beats the convenience of getting an online lender especially if your credit isn’t ideal the speed at which online lenders can review applications and transfer the funds to
your account is much faster and with much less hassle.

If this caught your attention we’ll be answering the most common questions you might have liked.

  • what do you need to get a car title loan?
  • how soon do you have the money?
  • how much you can borrow and much more?

What do you need to get a car title loan?

In Canada, most lenders require that applicants have

  • An active checking account
  • Proof of income
  • Valid identification
  • Most importantly must be 18 years and above
  • you also need to be a citizen or a resident of Canada to qualify for any of the loans mentioned earlier

If you’re still worried about your credit score, don’t worry there is Eazycash that offers loans with no credit checks in Ottawa all you need to do is meet their loan requirements and you’re good to go.

How soon will you have your money?

While this varies from lender to lender if you provide all the required information the money can be in your account in as little as 24 hours.in some cases, if you’re already a loyal customer the lender can expedite the process even further.

How much money can you Borrow?

Car title loans are dependent on your source of income and the current value of your vehicle. However, you can use a calculator to have a rough estimate of how much you can expect to get.

What is the loan repayment process like?

In the case of lenders, they require you to put your car title as collateral before they transfer any funds way doing so allows the lender to give you better terms and a higher loan amount since they can offset some of the risks with the collateral. you can continue to use your vehicle as you usually would just make sure that you’re making timely payments on your loan. These come with payment installments that make them easier to fit into your budget.
If you fall behind on your payments the lender will repossess your vehicle to recoup their losses. That said online lending services make it as easy as can be to stay on top of your payments. you can use their website to make your payments or better yet you can use automatic payments to set it and forget it.

What are the benefits of car title loans?

They are fast easy to get and with some budgeting a no-brainer. In addition, a bad credit score does not hinder applications for vehicle loans.

Conclusion

As tempting as it might seem don’t rush into any loan make sure you read the fine print and do your own research. no one knows your financial situation more than you.so it’s crucial to arm yourself with the tools and knowledge to make the best choice for you and your loved ones.

Top 6 Benefits of Payday loans || Same Day Loan Approval Ottawa

If you are in a difficult financial situation, you may not have the time to talk to your financial agency. And get the loan processed as soon as you need the money. If you do not like to bother other people with your problems, you may also not be able to get the money you need from friends and family. A repayment date loan can be your top solution in such cases.

Payday loans Ottawa are short-term loans that small loans are processed quickly to cover your emergencies and you get to repay them as soon as your income comes out. They save the day when you need money and your check is still days or weeks away. Borrowing is very popular and comes with many reasons. why it is beneficial in those financial situations that can wait until your next payment.

  1. The payday loans Ottawa is profitable in the sense that it is very easy to apply and has a list of your requirements to qualify. The only thing you can meet is the need to prove proof of income so that the lender can be confident that you will be able to repay as agreed.
  2. Payday Loans Ottawa are much faster than applying for a bank loan and waiting to be processed. Once you have completed the required application, you receive a deposit that you have previously invested in just seconds. Most lenders will not exceed an hour after the approval of your application. This means that you can even take care of emergencies within a short period of time if you opt for a repayment loan date.
  3. It gives you the flexibility of the payment, which enables you to repay it as soon as you have been paid. You do not have to deal with long-term loans and attract interest rates over the repayment period.
  4. With a payday loan Ottawa payment date, you are less likely to miss out. This is because you get enough value for your salary. The credit cycle ends with the repayment date loan as you are sure that the amount you expect from your next check will actually cover the loan amount. It is a fact that protects you from debt and keeps your lender safe with you.
  5. It can be considered simple considering that many lenders work outside normal banking hours. It means you can get the emergency money you need at any time or as soon as a financial situation arises. Most lenders actually make it even better for you by offering online services where you can apply and have your payday loans  processed without moving an inch from where you are.
  6. It is very smart which makes it very good for you if you do not want to tell anyone about your financial woes. The fact that it is processed quickly enables you to avoid lending to people who would like to suspect that you have financial problems such as family members and friends. Loans allow you to deal with your own problems and to see for yourself if this is the way you find it best for you and your finances.

Payday loan can save you not only in emergency situations but also in repaying your bills and loans where there are risks that could ultimately damage credit ratings. It can save you a day due to fast processing.

Documents Required for Mortgage Approval in Ottawa

There have been many changes in mortgage laws over the past few years. These changes may affect your mortgage approval results. Also, if you have a previous mortgage permit, some of the changes could affect your previous mortgage approval. Thus, if you do not have prior permission in place or it has been delayed since your previous Ottawa mortgage approval, now is the time for pre-approval.

The process of mortgage approval is similar to pre-mortgage approval: you will need to provide your real estate agent or lender with specific information about the home you are buying, as well as income and down payment details.

Some of these documents are required for Mortgage approval:

Employment and Income information

  • Current Employment income slip or pay stubs
  • T1 Tax Forms and Tax returns
  • Other sources of income such as freelance income, investments and rental income
  • Letter of employment from your employer
  • If you are self-employed then needed Business Articles of incorporation

Personal Financial Documents

  • Personal Bank Account Details
  • All Statements of investments
  • Credit Report
  • Pre- Approval Letter (it’s optional)

Information of Down Payment

  • Statement of savings and investments from last 90 days
  • A copy of the sale agreement of the existing property
  • Home Buyers’ Plan (HBP) proof of withdrawal from your RRSP
  • Gift Letter

Details of Property

  • Sale and purchase agreement
  • MLS Listings
  • Recent Mortgage Statement
  • For rural properties, well and septic certificates
  • The legal description of the home

You might think that mortgage rates will always be very high, but for Eazy Cash, please be different. We offer very good prices without any controversy, so call us at 613-699-0011 for quick and easy mortgage approval in Ottawa. We think you will be pleasantly surprised!

5 Things to Consider When Applying for a Payday Loan

If you are facing a difficult situation, a day-to-day loan may sound like a tempting option to you. Since these loans have a very high-interest rate, they should not be taken unless you have another option. Below are 5 tips that can help you make an informed decision.

Financial Charges

The amount of the loan you will receive is much lower than the one listed on the check. The reason is that finance charges are deducted from the amount, so you will need to write a check along with these costs. Failure to do so will result in a higher rate of costs that you will have to pay. Many people get into big trouble if they fail to pay the principal interest and interest. So, make sure you know how much money you are earning and how much you will need to get back on track.

State Regulations

In each region, the regulations vary from one day to the next. Generally, the term limit is not more than 30 days. The problem is that lenders often take out long-term loans. In this case, you are at the mercy of the lender, which is something you may not even want to go through.

Cash Crunches

As mentioned earlier, the purpose of the repayment day loan is to address the short-term financial crisis, and we should repay the loan as soon as we get out of the financial crisis to avoid high-interest rates and loans.

Therefore, it is not a good idea to experiment with a “rollover” practice or you may have to pay a large sum in the end.

Financial Position

Generally, these loans are for low-income people as they cannot afford to borrow from other sources. Here, it is important to remember that lenders do not usually consider the financial situation of those applying for a loan. Therefore, you should think twice before choosing this option.

Approval

The best feature of a repayment day loan is that it is easy to get, which means that the approval process is much simpler than other types of loans. Therefore, most borrowers find them very tempting, but you should be careful and choose this option only if you have no other option left.

You could say that choosing a mortgage loan is a good idea to deal with a temporary financial crisis, but a quick decision can get you into a lot of trouble. If you are not careful enough, you could end up in serious debt. Therefore, it is best to repay the loan as soon as you can get your hands on it. Hopefully, by keeping these tips in mind, you will make this decision.

If you are looking for bad credit payday loans in Ottawa, we suggest that you give a go to Eazycash.

How Do You Request For Bad Credit Payday Loans?

What are bad credit loans?

Bad credit loans are short-term loans with low-interest rates to help people with a bad credit history to overcome their unexpected financial emergencies. Interest rates vary from borrower to debtor but are sure to repay the loan on the next due date or to avoid getting into debt. Lenders usually charge a small fee, based on the amount of the loan, which is repaid on your next payment date. Installment loans are larger and repayable over the term of the loan, usually 12 months or more, and have a lower interest rate than the repayment payday loan.

There is no obstacle to taking out a payday loan online, even if you have bad credit. Lenders offer relief to all eligible applicants and many do not look after your credit score. Instead, they use a soft credit check using other credit sources. A soft credit check is a framework for a credit report.

Advantages of Bad Credit Online Payday Loans

Bad credit Payday loans are made for borrowers who are unable to get loans from regular sources due to their low debt and lack of financial resources. Here are some of the benefits of getting a loan repayment loan.

Easy to request –
Alternative credit check
Confidential and secured
Likely approval
Quick processing
Minimum or no paperwork

How do you search for a reliable payday loan provider?

Beware of many small businesses, in one store, there are already bad creditors out there. Many come and go. It is better to deal with larger Payday loan companies, who are willing to stay here. They are not going anywhere, and they are available to help you. That is why we are here, to provide you with a large number of lenders with professional, efficient and compliant staff, who adhere to the guidelines of the Online Lenders Association.
Eazy Cash offers services including Cash Advance, Cheque cashing, Western Union money transfer, Gold buying, Car Title Loans and Prepaid cards in Ottawa & Toronto, Ontario, Canada.

Can I get payday loans with bad credit Ottawa

If you are looking to get a payday loan with bad credits then you must read these guidelines:

1. Pay Your Bills on Time

When lenders review your credit report and request a credit score for you, they’re very fascinated by how reliably you pay your bills. That’s because past payment performance is sometimes considered a decent predictor of future performance.

2. Get Credit for creating Utility and telephone Payments on Time

If you have been making utility and mobile phone payments on time, there’s how for you to enhance your credit score by factoring in those payments through a brand new one.

3. Pay off Debt and Keep Balances Low on Credit Cards and Other open-end

The credit is calculated by adding all of your MasterCard balances at any given time and dividing that quantity by your total credit limit.

4. Apply for and Open New Credit Accounts Only as required

Don’t open accounts just to own a much better credit mix—it probably won’t improve your credit score. Unnecessary credit can harm your credit score in multiple ways, from creating too many hard inquiries on your credit report back to tempt you to overspend and accumulate debt.

5. Don’t Close Unused Credit Cards

Keeping unused credit cards open as long as they don’t seem to be costing you money in annual fees is a sensible strategy, because closing an account may increase your credit utilization ratio. Owing to the identical amount but having fewer open accounts may lower your credit scores.

will be able to get a car title loan in Ontario easily as long as the qualifications are completed

What is a Car Title loan?

A car title loan is a temporary financing tool that can be used by borrowers with low mortgage lending by placing their car as collateral for a loan. While the standard route for using a car is safe, some suppliers allow other vehicle modes, recreational vehicles, or motorcycles to be used as well. According to the definition, however, to obtain a car title deed, the borrower must be the owner of the title deed of the vehicle.

How it works is that if the borrower has decided to get a car deed loan, he or she must hand over the title deed and a copy of the car keys to the lender for the duration of the loan. Because this is a secure loan (defined as one where the value is driven by the underlying asset that is the car in this case), there needs to be an innumerable amount in the car. In simple terms, this means that the owner must have a balance in the car. Equity status can be satisfied in two ways:

  1. By purchasing a car directly for cash, in that case, the ownership of the car will transfer to the buyer immediately;
  2. By repaying all the car loan, in which case the ownership of the car will transfer to the buyer after paying all the debts from the lender;

How does the Car Title Loan work?

When a borrower approaches a borrower and expresses his or her desire to obtain a car title deed, there is an application process in which the company will request credit processing details. Generally, this information includes:

  1. Borrower’s name, permanent address, and contact details
  2. Make and model of the vehicle being pledged as collateral
  3. Mileage of the vehicle
  4. Insurance documents
  5. Job details
  6. Proof that there are no other rights or claims in the vehicle
  7. Vehicle valuation documents / inspection documents

The size of the loan itself is very small as it is a loan commonly used by low-interest lenders for the purpose of financing emergency expenses. In general, improving the model and making the model smaller with mileage, increases the number of loans that can be obtained.

Similarly, the repayment period also varies for all borrowers, where some borrowers may choose to repay the car title loan within weeks while others may choose to borrow up to a year, or maybe more.

Once the details have been provided and the car has been valued, the borrower receives the principal amount directly into his or her bank account or as a check that can be deposited in the bank within 1-2 business days. A car title loan can then be classified as a temporary loan or as a lump sum loan at the end of the term. In some cases, if the borrower is unable to repay the loan at the end of the term, he or she may transfer the loan to the new term at a higher rate.

However, if at any time, the borrower fails to make a fixed payment on the loan, the lender has the right to take out a car to repay the loan costs.

If the value of the vehicle is more important than the loan amount, then the borrower will receive the remaining amount after the car has been sold and the lender has been paid in full. Alternatively, if the vehicle is importing less than the remaining loan amount, then the borrower may be on the verge of making a difference in other provinces.

For this reason, some lenders often set the car value parameter to be twice that of the extended car title loan value, even though this amount differs from the lender. In some cases, the car may be equipped with a GPA and/or car immobilizer to further protect the lender in the event of a borrower’s default.

If research on various car title loans takes a lot of time, otherwise you can apply in advance with Smarter Loans and we will look at the car title loan offer and give you the most relevant. Eazy Cash offers services including Cash Advance, Installment Loans, We Buy Gold, Car Title Loans, Cheque Cashing, Western Union Money Transfer, and Prepaid cards in Ottawa.

Get a Car Title loan quickly in Ottawa.

Getting a loan quickly during your financial crisis with a bad credit score sometimes becomes a challenge for you as many of the money lenders’ agencies or even banks don’t approve the loans.

In this situation a car title loan offers you a quick approval for a short term loan where you can use your vehicle title such as truck, car, motorcycle as collateral and authorize the lender to place a lien on your vehicle which is removed once the loan is paid in full.

Car Title Loans are typically a short term loan with higher interest rates according to other sources of credits. With a Car Title loan you can get a short term loan with no credits or bad credits as the lenders only consider the value and condition of the vehicle that is being used to secure it.

EazyCash in Ottawa helps you get a title loan easily and quickly by avoiding the hassles and delays which you may get from other lenders. EazyCash in Ottawa is a money lender agency which provides loans during your financial urgency and needs cash in a hurry without the hassle of long waiting and lengthy paperwork.It is essential to recognize what advantages you can get from car title loans before you utilize your vehicles to get the cash. Some of the advantages of a title loans you will get during your financial crisis are :

  • A title loan allows you to get cash quickly with no credit or bad credit as you will get the cash depending on your vehicle’s conditions and value. 
  • With EazyCash you are allowed to keep your vehicles and get the loan by just giving the vehicles title to the bank.The vehicle will stay in your ownership until you default from installment.
  • The beneficial thing about a car title loan is that a title loan can give you the most adaptable installment terms and you can arrange the loan fee with your bank.
  • With a cart title loan you don’t have to experience the huge amount of paper attempts to apply for this loan which makes it simpler and quicker to handle.

With EazyCash title loan you can borrow up to $25,000 based on your vehicle’s value. To get a car title loans it is required to fill up a simple application form provided including any or majority of the accompanying :

  • Original vehicle title showing sole ownership.
  • Government-issued identification matching the name on the title.
  • Should have the proof of residency that is matching the name of the title.
  • Current Vehicle Registration.
  • Proof of vehicle insurance.
  • Working copies of the vehicle’s keys.

 

Puzzled between Payday Loans and Cash Advance Loans ?

During financial urgency everyone needs money to overcome their financial crisis and for that taking a short term loan is one of the better options, but many people get confused between Payday loans and Cash Advance Loans. To help you understand about Payday Loans and Cash Advance let’s get clear about the differences between them.

Payday Loans and Cash Advance Loans both are the most common term for referring to Short-Term personal Loans and both are typically the same in every aspect but Payday Loans are mostly available in small amounts. Payday Loans are also known as payroll advances, payday advances, faxless payday loans, no credit check payday advances, and more. Payday Loans are basically considered to be a unsecured loans as the lenders do not require collateral and somehow it may be beneficial as you don’t lose your valuable asset like vehicles, home etc when you default on a loan and it also means that a lender can sue you in the event that you default on the loan.With Payday Loans getting a Short-Term Loans without any credit check or low credit due to financial distress are still able to qualify for this type of loans

Cash Advance Loan is basically the same as Payday Loan but a Cash Advance allows you to get a short term cash with your credit card or line of credit. However, the loan amount will depend on your credit limit.A Cash Advance loans sometime may not give you a better deal than Payday Loans because it depends on your credit rating and if you are creditworthy. Sometime the interest of the cash advance loans given are higher than the Payday loans given by money lenders..There are some more in-depth benefits of choosing a payday loan or cash advance as your finance of choice :

  • They are quick.
  • They are convenient.
  • They are discrete.
  • The industries are well regulated.
  • Larger Borrowing loans for repeat customers. 

With Eazy Cash in Ottawa you get a Cash Advances or Payday Loans quickly on the day you need it the most without any hassle of lengthy paperwork and long waiting. Eazy Cash is money lender founded on the simple principle of “the customer comes first”

Overcome your Financial Urgency with Cash Advance Loans in Ottawa.

Many Ups and Downs occur in Everyone’s life. Financial Emergency is one of the common problems that many People face in their lifetime. There are many circumstances which cause financial urgency for you to overcome the situation.

In this situation Eazy Cash in Ottawa will help you to overcome your financial urgency with quick short term loans so that you get the cash on the day you need the most and pay us back on our payday without taking some burden on your mind.

With Eazy Cash in Ottawa getting a short term loan is much easier than borrowing cash from a friend with fast and friendly service you deserve and the comfort of knowing that it is short-term loan that is to be repaid with a small fee in a few weeks without any further obligations.

How to get Cash Advance from Eazy Cash Ottawa

Cash Advance Loans or Payday Loans can be used to cover a variety of expenses that are usually unexpected in nature. Rather than facing the hassle of lengthy paperwork and long waiting, with Eazy Cash in Ottawa you can get the money quickly by filling up a simple online application and satisfy the terms and condition which are must for this loan scheme.

Conditions for a Cash Advance loans :  

  • Permanent Full Time Job
  • Have an income of 1000 bucks per month.
  • Having a checking account.
  • Must be at least 18 years old.
  • Canadian Citizens.  

Eazy Cash in Ottawa can help you to get Cash Advance Loans when banks refuse to give due to bad credits. With Eazy Cash all you need is a Full time Job and a bank account to get the cash advance loans with a 48-hour satisfaction guarantee.