Bad credit scores will not hinder you from applying for equity loans
If you’ve ever thought that your bad credit score would hinder you from applying for a loan, you’d technically be right. Applying for a traditional bank loan with a poor credit score or a lack of credit history will almost always lead to a rejection. However, with bad credit loans, your bad credit score will not be a hindrance in applying for a loan because no credit checks will be required for application purposes.
The process of applying for bad credit loans
Applying for a bad credit loans, also known as equity loans, is fairly simpler than applying for a traditional bank loans. While traditional bank loans require you to submit numerous documents and undergo a credit check for the application procedure, you’ll only need a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence to apply for an equity loan.
What happens to your car after the loan application is approved
After your loan application is approved, you will not be required to turn over your car or put it in storage. You’ll still be able to continue using your vehicle as you normally would. At no point in time during the entire term of the loan will you be stripped of the possession of your vehicle.
With Premier Loans Canada, you can rest assured knowing that the funding that you need is always within reach. A fair appraisal of your vehicle’s true market value is guaranteed so you won’t have to worry about your vehicle being undervalued. Long loan terms and low interest rates make it easy to pay off your loan. Call us now at our toll-free number 1(855) 965-1650 or apply online.