It’s sometimes difficult to make ends meet. This is particularly challenging for single-parent households. You don’t have to go at it alone though. A car pawn loan Windsor Ontario can help you face any emergency. Qualifying and applying for this secured loan is easy. But getting approved still rests on the lender’s decision.
Does Being a Single Parent Affect My Title Loan Application?
No, being a single parent will not affect the status of your loan application. Canada’s Equal Credit Opportunity Act was passed to make sure that financial institutions will treat every loan application equally.
However, the lending company might take a closer look at your capacity to pay off your refinance car loan if you’re a single parent. After all, one-parent households depend on a single income and the budget can get tight. The lender will want to make sure that the borrower won’t have a difficult time repaying the loan. It’s the same consideration given to an applicant who’s divorced. Since they can still be held responsible if they co-signed for any loan, the lender might not approve an application if the debt-to-income ratio is high.
Borrow More Money Than Any Competitor has to Offer
Need quick cash? Canadian Equity Loans will help you get out of a financial bind. The company is known as one of the most reliable lenders in the country. They can provide you with as much as $50,000 in loans. They also have the lowest interest rates around, flexible payment plans, and affordable monthly fees. You don’t even have to worry about the mandatory credit checks. What’s more, the company’s fast approval process means you can get the money you need in less than 24 hours. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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