While financial stability is the goal of most consumers, it’s one that’s hard to achieve these days. The health crisis sweeping the world has seen millions of people turning to fast loans to get them through the month. An easy bad credit loan Nanaimo British Columbia is one option available to people. But can you get one if you don’t have a bank account?
Auto Title Loans and Bank Accounts
One frequently asked question regarding car collateral loans is whether a consumer can get one even if they don’t have a bank account. The answer is yes. Unlike bank loans with strict and numerous requirements, title loans only require that you’re an adult and have your own car. Lenders don’t care whether you have a good credit score and they care less if you have a bank account.
Title loans are considered as secured loans because you’ll have to put up your car as collateral. The value of the vehicle will determine how much you can borrow. And the more equity you have on your car, the better your loan is. A bank account is not a necessity with this loan, although it could make things easier. For example, the lender can deposit your loan into your account. You can also use your bank’s auto-debit feature to pay the loan monthly. However, you have other options, like getting the money or sending payment via a payment center.
Lowest Interest Rates in the Industry
Enjoy high loans and low-interest rates with Premier Loans Canada. You can borrow as much as $45,000 from this renowned lender. The company has affordable monthly payments and offers clients flexible payment plans. You don’t even have to worry about credit checks. Sign up at their website or call their toll-free number at 1-855-965-1650.
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