These lenders will consider your application even if you’re unemployed if you have a collateral with enough equity to cover the loan. You must also be able to provide proof that you have another source of income. People who often do this usually belong to the following groups:
Unemployed People Who Can Still Get an Auto Title Loan
Entrepreneurs: Many small business owners often turn to title loans when they’re thinking of expanding, for additional capital, or during emergencies. If you’re registered, you can show your license or copies of your transactions as proof of income.
Freelancers/ Gig Workers: Car equity loans are ideal for freelancers or gig workers. While this group might not have an employment contract, they can prove they’re earning regularly by showing payment slips or bank account statements. Many online job portals have a page showing the individual’s work history.
Retirees: Even senior citizens can still qualify for a secured loan. Lending companies accept pension or disability slips in lieu of pay slips. If the individual has other investments, they can show proof that these generate income for them.
Borrow More Money Than Any Competitor has to Offer
Apply at Canadian Equity Loans today and experience fast and convenient service. You can borrow as much as $50,000 from this trusted lender. The company also has the lowest interest rates and monthly payments around. They also accept early payouts with zero penalties. Their swift application process means you can get the cash you need within the day. Sign up on their website or call their toll-free number at 1-844-586-6311.