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Million Canadians have filed for financial assistance due to the pandemic. Millions have lost their jobs and even those with work have seen their finances curtailed. It’s no wonder that more people have applied for a car pawn loan Saint John New Brunswick in the past two years. There are several good reasons why people chose auto title loans. Here are some of them.
Top Reasons People Applied for a Title Loan Due to COVID
- The application process is fast and simple. This is one of the biggest advantages title loans have over conventional loans. A title loan has fewer requirements. You can apply online and the process can be done in less than an hour. You can get approved in an hour or less. The funds are also released on the same day you applied.
- There are no credit score requirements. You can qualify for this loan even if you have a low credit score or no credit history. Title loans require collateral. It acts as security so most lenders don’t do extensive background credit checks. There are no restrictions on how to use this loan. Unlike bank loans that are earmarked for a specific price.
- Flexible Payment Plans. Lenders also offer several different payment methods. Borrowers can activate their bank account’s auto-debit feature, pay using checks, or go with a salary deduction. This allows the customer to choose the payment plan that’s convenient for them.
The Best in the Industry
Premier Loans Canada can help you if you need extra cash. You can borrow as much as $100,000 without worrying about credit or employment checks. Our company also offers low-interest rates, affordable monthly payments, and flexible payment plans. Sign up on our website or call our toll-free number at 1-855-965-1650.
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