Auto title loans have been around since the 90s. It took a few decades for the loan to reach the level of acceptance it enjoys today. Millions of people have used this loan for emergencies and minor financial issues. Its popularity is due to its fast application process and the fact that anyone can apply for one. A question that many people wonder about is whether someone with a fixed income can still qualify for a bad credit score auto loan Brantford Ontario. This article will address that.
Applying for Loans on a Fixed Income
Fixed income is defined as the revenue you receive from an investment. As the name implies, it’s set at a specific amount. One example of a fixed income is a pension or disability payout. It’s not as robust as an income from a job, but you’re still receiving something. You can also use it to qualify for a poor credit car loan.
One of the requirements for a title loan is proof of income. Lenders will accept your pension or disability slips as proof of this. It’s what makes this loan unique. But you should expect to get a much smaller amount than someone currently employed will get.
Borrow More Money Than Any Competitor has to Offer
Need some quick cash? Premier Loans Canada has got you covered. You can borrow as much as $45,000 from this trusted lender. Our company also has the lowest interest rates and monthly payments around. We also offer flexible payment plans and extended loan terms. You don’t even have to worry about credit checks. Sign up on our website to apply or call our toll-free number at 1-855-965-1650.
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