Bad credit car loans Edmonton Alberta are usually the only options available to people when there’s an emergency. This secured loan’s quick application and approval process have ensured that those who need financial assistance will get what they need fast. More importantly, almost everyone can apply for this loan. You first need to get your feet in the door, and that means qualifying for it. Here’s how you can tell if you’re eligible.
Am I Eligible for a Title Loan?
There are three key points that determine your eligibility – you’re a citizen or resident, you’re an adult, and you have your own car. You should be a citizen or a long-time resident of the country to qualify for this loan. It provides assurance that you have roots in the country and won’t just disappear. Being of age is also an important qualification. The law demands that only adults can borrow money and be liable for loans. Lenders will ask for proof of residence and government-mandated IDs when you apply to verify that you can get a fast loan.
Another vital element that qualifies you for a title loan is having your own vehicle. After all, this loan will require you to pledge your car as collateral. The loan amount and the terms of the contract will be based on the car’s equity. And since you have collateral, it means your credit rating has no bearing on the loan.
Lowest Possible Payment in the Industry
Premier Loans Canada ensures you’ll get the best deal for your needs. The company can lend you as much as $100,000 without having to undergo credit or employment checks. They also offer low-interest rates, low monthly payments, and flexible payment plans. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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