A lot of millennials turn to bad credit auto loans Windsor Ontario for a number of reasons. Lenders don’t really care what you’ll use the loan for. You can use a title loan to meet medical expenses, home repairs or pay off student loans. But those aren’t the only reasons why these loans are popular.
3 Reasons Millennials Like Auto Title Loans
- They’re easy to qualify for. Lending companies only need a few documents from title loan applicants. Borrowers just need to present their vehicle’s ownership title, proof of residence, and a government-issued ID. While some would ask for proof of employment or payslips, these are only secondary. Your credit score isn’t a big issue either.
- You can get your money in a few hours. Challenged credit auto loans are known for their easy application process and fast approvals. Approval decisions are made within the day. Some borrowers can even get the money they need in less than an hour, which is one of the main reasons people love title loans.
- The borrower retains possession of the vehicle. One of the best things about this loan is that the vehicle remains with the owner while the title is surrendered to the owner. This is important to millennials as the majority need their cars to get to work.
Lowest Interest Rates in the Industry
Enjoy high loan amounts and low-interest rates with Canadian Equity Loans. You can borrow up to $50,000 in loans, without worrying about your credit score or employment status. The company’s interest rates are lower than that of their competitors and they also offer flexible payment plans. You can apply by logging on to the company’s official website. You can also call their toll-free number at 1-844-586-6311.
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