Bad credit score can affect your eligibility for a bank loan or any other traditional loan. People can face problems when they apply for a loan from a bank if they have a low credit score. Even if they have a good credit history, what adds to their worries is the tons of paperwork they have to submit in order to get approved for a personal loan. 

That’s not how we work. We understand the gravity of your hardship and we would love to help you out. That’s why we have vehicle pawn loans for you which can be availed easily even with a bad financial record.

Can a ‘Bad Credit and Having No Job’ Affect Your Eligibility For a Loan with Us?

We don’t consider credit score as a major factor for the approval of our loans. This means that anyone can apply for our loans even if they  have a low or bad credit score, as long as they own a fully-paid car and are able to meet the other minimum requirements.  Unlike banks,  we accept all credit types. 

Also, we completely understand that there are many Canadians who live with paycheck to paycheck or are working in between jobs and  are facing  tough times. Therefore, we don’t require any employment credentials as much as possible. This means that people who are unemployed can still be eligible for these loans to solve their cash problems.

Requirements For The Loan

The paperwork is easy and all you need to submit are the following:

• Possess a fully-paid vehicle which is not older than ten years
• A Valid Canadian driver’s license
• Vehicle registration papers under your name
• Insurance papers in your name which must include collision and deductible
• Proof of Permanent residency
• A spare set of keys of your  lien-free vehicle
• Proof of age in your province

 

Other Benefits Of Applying For A Car Equity Loan

The paper works are not complicated. A vehicle pawn loan can easily be  approved within an hour and you can receive cash on the same day of application.  We also offer a flexible loan term with low monthly payments. This reduces the burden of repaying the loan. Also, our interest rates are very low and competitive in the industry. There are also no prepayment penalties in case you decide  to repay your loan before the end of the loan term.

Get In Touch With Us

Don’t let money shortage come in your way of enjoying  your life to the fullest. Call us at (toll-free) 1-877-804-2742 today or apply online for your vehicle pawn loan with Car Title Loans Canada. 

Nobody can make the loan process any easier! You can talk to one of our loan agents who will be glad to help you complete the loan process.

You can follow us on social media:

Face book: https://www.facebook.com/Canada-Car-Title-Loans/

Twitter: https://twitter.com/CNcartitleloans