Don’t give up if you suddenly need money to pay a medical bill or repair a leaking roof but can’t get a bank loan due to a poor credit score. You can still avail of a fast loan Edmonton Alberta.
How to Get a Loan with Poor Credit Score
Before you start thinking about getting a loan, you should first evaluate how badly you need it. If it’s not a dire emergency, you can work on improving your credit score first so you can get the loan you need. Boosting your score isn’t as hard as some people believe it to be. Start by making sure you pay all your bills on time. This includes your rent, utilities, and even your library card. You should also work on reducing your credit card balance to under 30%. More importantly, refrain from applying for any new credit.
However, if you have an emergency and need cash immediately, a poor credit car loan is your best option. This is a type of secured loan, and lenders would only require that you own your car and that it’s 100% paid off. You’ll be surrendering your car’s title to the lending company, but you’ll remain in possession of your vehicle. You can still use your car for business or to get to work. And since there’s collateral involved, your credit score is not a big factor.
Lowest Interest Rates You Can Find
Regardless of what your credit score is, you can get the financial help you need with Canadian Equity Loans. You can borrow up to $50,000 in loans, with no credit checks or job requirements involved. The company also offers the lowest interest rates around and accepts early payouts. Log in to their website to apply or call their toll-free number at 1-844-586-6311.
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