If you have a poor credit score or are currently employed, your chances of getting a bank loan is virtually nonexistent. Traditional lenders demand high credit scores, an extensive credit history, and proof of income. Your best bet when you need a fast loan Port Moody British Columbia is a title loan.
Can I Still Get an Auto Loan I’m Not Connected to a Company?
Yes, you are still qualified to apply for a car pawn loan. Lenders specializing in this secured loan are more flexible than their conventional counterparts. A title loan is also designed differently. For one, it’s considered a secured loan because it requires the borrower to pledge their car as collateral. However, the vehicle should have enough equity on it to cover the loan. The title should also be clean and carry the borrower’s name.
Because of the collateral, your credit score isn’t a big factor in approval. Lenders are also not strict when it comes to proof of income. While it’s great if you can provide pay slips and proof of employment, they’ll be equally satisfied with pension slips or copies of your bank records that show you receive money on a regular basis. It’s why this loan is a popular option among the unemployed, freelancers, and pensioners.
Lowest Interest Rates in the Industry
You don’t have to stress over unexpected expenses with Canadian Equity Loans. This trusted lender can provide you with up to $50,000 in loans. They have the lowest interest rates and monthly payments around. They also offer early payouts without zero penalties. You also get to keep your car while the loan is active. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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