Even though title loans have become common and are easy to apply for, there’s no guarantee you’ll be approved. After all, you’re dealing with someone else’s money in exchange for your car, one of your biggest investments. Fortunately, there are things you can do to improve the odds of you getting that car pawn loan Ajax Ontario.
Strategies to Improve Your Chances of Getting a Title Loan
- Avoid hard credit inquiries. There are situations when a company would do a hard credit inquiry on you. Applying for a credit card or opening a new smartphone plan are just some instances when an inquiry would be launched. You want to avoid this at least three months before you try to get cash for car. It’s because it will reduce your credit score by a few points or give off the impression that you’re a high-risk applicant.
- Choose the right lender. There are man lending companies out there. Some target high-income borrowers requiring low APR loans while others focus on applicants with poor credit. Make sure you choose the appropriate company for your needs, so you won’t waste your time or money.
- Apply with a co-borrower. You can improve your odds of getting approved if you have a co-borrower, especially if they have a good credit score. In this situation, the other person stands as the applicant and will be responsible for any missed payments.
Same Day Cash
You can get the money you need on the same day with Premier Loans Canada. The company offers loans as high as $100,000. They have low-interest rates, affordable monthly payments, and personalized payment plans. You don’t even have to worry about credit or employment checks. Log on to their website or call their toll-free number at 1-855-965-1650.
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