Emergencies or sudden expenses can happen any time and to anyone. It doesn’t matter if you’re single, married, or are raising children alone. Loans shouldn’t care too. However, some people are under the impression that single parents will have a hard time paying back a loan or that two-parent households won’t encounter any problems. The truth of the matter is that your marital status doesn’t affect approval of specialized car equity loans Hamilton Ontario.
Why Your Marital Status Has No Bearing on Fast Loan Applications
Everyone is entitled to applying for a loan as long as they meet the lender’s requirements. It doesn’t matter if you’re a single 20-something, a married father with three daughters, or a solo parent. The Equal Credit Opportunity Act ensures that this happens. Legislation mandates that no lending institution will approve or reject a loan application due to the borrower’s marital status.
However, lending companies will scrutinize the applicant’s capacity to pay. They might even be stricter with single people. After all, solo parent households depend on one income. This could make it more difficult for them to cover the fast loan or pay on time. Divorcees also experience the same problems. Aside from becoming a single wage earner, they will also be held liable for any debts they incurred during their marriage.
Lowest Interest Rates in the Industry
Need more money? Canadian Equity Loans can help you secure the cash you need. You can borrow as much as $50,000 from this trusted lender. The company also offers low interest rates and affordable monthly payments. They also accept early payouts without penalties. Their quick application process ensures you get the money you need fast. You don’t even have to undergo credit or employment checks. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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