The majority of the population find it difficult to meet the rigid requirements of traditional lenders. And getting a loan is impossible if you have a low credit score or no credit history. This is where bad credit loans Kamloops British Columbia come in. This secured loan accepts applicants regardless of their credit standing. Read on to find out everything you need to know about this unique loan.
Commonly Asked Questions About Title Loans
- How does it work? Title loans require the borrower to put up their car as collateral. The vehicle covers the loan and determines how much one can borrow. You can get more money if your car has a high value, and vice-versa.
- What’s a lien? This is a kind of security interest placed on collateral. It gives the lender assurance that the borrower will repay the quick car loan on time. If they miss a payment or default on the loan, the lien (aka your car) can be repossessed and sold to help the lending company recover their investment.
- What do I need to do? Applying for a title loan is simple and straightforward. You fill up an application and submit the required documents. You’ll be asked to surrender your car’s title and submit copies of your valid ID, proof of residence, proof of income, and insurance details. The lender will return the title once the loan has been paid in full.
Lowest Interest Rates You Can Find
There’s no need to stress over money with Premier Loans Canada. The company can provide you with up to $100,000 in loans. They have the lowest interest rates and monthly payments around. They can even customize their clients’ payment plans. You can also get the money you need within 24 hours and keep your car. Sign up at their website or call their toll-free number at 1-855-965-1650.
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