We are not a bank, which means we are not held down by legislative regulations. Everyone is welcome, even if you have bad credit or no credit at all. Our goal is to help title owners like you get the cash you need, when you need it. We pride ourselves on getting you cash fast.
Our financing methods are secured through the value of your vehicle, not by your credit history. This means, if you fully own any car, truck, motorcycle, boat, Semi, trailer and you have a clean title, we can give you cash within minutes!
You can borrow between $500 and $5,000. The amount we loan is determined by the wholesale value of the vehicle. A few factors that we consider are the year, make, model, mileage, and condition of the vehicle.
All you need is:
- Vehicle Title (vehicle must be paid off and in your name)
- Driver's License (name must match the name on the title)
- The Vehicle (we will inspect it prior to you receiving your loan)
- An Extra set of keys
- A piece of mail with your name, the date and your current address on it
What you need to know:
- There are no prepayment fees for early repayment of the loan.
- Failure to pay by the payment due date will result in having your vehicle brought to our storage lot. In which case you will have 21 days to pay your loan in full including principle, interest, recovery fees and storage fees to redeem your vehicle after which it will be forfeited for monies owed.
-We follow the guidelines set by Personal Property Securities Act (PPSA) British Columbia.
Need more information?
If you would like to know more about the process and the rates / fees, please contact one of our representatives and we will gladly take the time to explain everything.
The success of Sterling Title Loans rests in the ability of our staff to understand, empathize, and deal with each client's unique situation. We train our staff to treat every client, regardless of how they may treat us, with respect. We understand, and we want our staff to understand, that there are many reasons beyond our control that can lead to financial hardship. It could happen to any one of us, and it is not our job to judge, but rather to offer an emergency solution to what is hopefully a temporary financial problem.
The title loan business may be duplicated by others but the moment a potential client enters one of our stores, they can immediately see what differentiates us from our competitors. Our staff doesn't sit in a cage or behind a glass wall. Our decor isn't cold like a bank or dark like a pawn shop. Our clients are greeted with a smile and invited to sit on a leather couch at a coffee table in our "living room" complete with hardwood floors, deep coloured walls, and art work.
Most clients are nervous about borrowing money from us. They've been to other places like pay day loan companies and been declined, yelled at, threatened, or treated with disdain. That will never happen with us. Our first order of business is to make them feel comfortable so that they can clearly understand what we are offering. We explain that we are meant as a short term solution and that they should never borrow:
1) More than what they need.
2) More than they can reasonably pay back.
- We clearly explain what their obligations are and the consequences of being in default.
Even still, we know that many clients will be late, they will make excuses, they will lie and, in some cases, borrow money with no intention of paying us back. Even still, everyone gets treated with respect, and if they will cooperate with us, we will work with them to find a way for them to repay their debt. For us, repossessing someone's vehicle is a last resort, and we only do so if all other attempts at collection have failed. Often, after repossessing a vehicle, the client comes in, apologizes, pays out their loan, reclaims their vehicle, thanks us for treating them fairly, and then comes back later to borrow again.
We are positioning ourselves as offering them a helping hand when no one else will. We have found that taking a few extra minutes to listen to their problems, give them a chance to vent without judgement, and treat them with respect throughout is what has contributed to the unexpected demand for our services.