The number of people using bad credit loans Charlottetown PEI has grown steadily over the years. There’s no denying that this secured loan can be very useful when you have an emergency and need fast cash. What’s surprising is the ongoing love affair between millennials and title loans. Here’s why this loan is popular with this generation:
3 Reasons Millennials Love Title Loans
- Qualifying is Easy: You basically need three to four things to qualify for this fast loan – ownership to a lien-free vehicle, government-issued ID, and proof of residence. Lenders might ask for proof of employment, but some would argue that it isn’t a big factor.
- Fast Approvals: This loan’s streamlined application and fast approval process are undoubtedly behind its popularity too. Verifying and decisions on whether the application is approved can be done in as little as an hour. Title lending firms are so fast in releasing funds, you can even get your hands on the money in less than an hour.
- Vehicle Remains with Owner: Even though your car is serving as the collateral, it will remain in your possession. However, you will be required to surrender the title to the lending company. It will serve as additional insurance for the lender. This is a boon for thousands of millennials who rely on their cars to go to their numerous gigs.
Lowest Interest Rates in the Industry
What do you get when you get a loan from Premier Loans Canada? You get financial assistance, low-interest rates, and affordable monthly payments. If you’re lucky, you can even get the money you need within the hour. You also don’t need to worry about credit checks or employment checks. It’s so easy to apply. Just log on to their website to apply or call their toll-free number at 1-855-965-1650.
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