Key Requirements All Car Equity Ajax Ontario Companies Demand

What Happens to My Collateral Once My Easy Bad Credit Loan Edmonton Alberta is Approved?
November 26, 2021
Bad Credit Score Auto Loan Vancouver British Columbia Missteps That Will Cost You More in the Long Run
November 30, 2021

It’s easy to qualify and apply for an auto title loan. There are thousands of lenders offering this service in your state alone. A Google search will show you hundreds in your city. Each company will have its own distinct set of requirements and procedures. But the essentials remain the same. Here’s what your car equity Ajax Ontario lender will insist on: 

Key Requirements You Should Meet

  • High-value Asset: Bad credit loans are secured loans. This means you need to put up your car as collateral. But you can’t use a car. It has to be lien-free and yours. It should also have a high value since it will cover your loan. 
  • Reliable Source of Income: Lenders will require proof that you can pay them back. Every company will ask for several months’ worth of payslips. Some might even ask to see your employment contract. If you’re retired or unemployed, your pension slips, bank statements, or receipts from freelance clients can be accepted. 
  • Proof of Residency: Lending companies will also need proof that you live in the area. You can show any utility bill with your name. It will show the lender where they can find you. 

Faster than the Competition 

When you have an emergency or a financial crisis, you can trust Premier Loans Canada to have your back. You can borrow as much as $100,000 from this reliable lender. Our company offers low-interest rates and affordable monthly payments. We also provide personalized payment plans that fit every type of client. Our fast approval process means you can get the money you need within the day. Log on to our website to apply or call our toll-free number at 1-855-965-1650.

For more information visit us on: