Short-term loans have become essential as people need a way to secure cash fast. Bank loans just don’t cut it most of the time because of their long approval process. Nowadays, payday loans and auto title loans are the two options people usually turn to when dealing with emergencies. However, there are more reasons to choose minimum credit score loans Pitt Meadows British Columbia over pink slip loans.
Why Minimum Credit Score Loans are Better than Payday Loans
- You can easily qualify for this loan. Lenders specializing in car collateral loans have fewer requirements than banks. A car with enough equity, a clean title, valid IDs, and proof of residence and income are the primary requirements. However, the lending company might ask for further documentation.
- The application process is simple and convenient. Applicants have to fill in a short form with their personal data and details about their collateral (ex. make, model, mileage). They can do this online or at the lender’s physical office. However, most borrowers prefer to do things digitally. The requirements can be sent online, and the car inspection can even be done virtually.
- You can get approved in minutes. The application process for title loans is so fast that some companies can approve applications in 15 minutes. The presence of a collateral helps cut down verification time. Since the car’s equity will cover the loan, many lenders don’t conduct extensive credit checks.
Borrow More Money Than Any Competitor has to Offer
Apply at Canadian Equity Loans today and get the financial assistance you need in a few hours. The company can offer as much as $50,000 in loans. They also have the lowest interest rates and monthly payments around. Customers can also opt for early payouts without fear of penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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