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No one wants to experience a medical emergency or an unexpected expense and not have the capacity to deal with it. It’s a good thing that you can now use your car to get a loan to deal with these situations. You can easily qualify for this secured loan. The application process is very simple too. Here are other facts you should remember about minimum credit score loans London Ontario.
Auto Title Loans Facts You Should Always Keep in Mind
- You can apply online. One of the best things about car collateral loans is the convenience it brings. You can fill up a form on the lender’s homepage and upload the asked-for requirements. Some lending companies even offer virtual car inspections. There’s no need for you to get out of the house or go to the lender’s office.
- Credit scores are a secondary factor. You can apply for a title loan even if you have a low to average credit score. Lenders don’t really require an excellent credit rating because there’s collateral involved. Most don’t even do credit checks. The car’s equity will be used to cover the loan.
- You can lose your car. One downside to this loan is the threat o repossession. The lender is legally allowed to repossess your car and sell it if you default. The proceeds will pay for the loan but you’ll shoulder any remaining balance.
Same Day Cash
Apply for a fast loan at Premier Loans Canada and meet any emergency. You can borrow as much as $45,000 without worrying about credit checks. We have the lowest interest rates around. We also offer affordable monthly payments and extended loan terms. Log on to our website or call our toll-free number at 1-855-965-1650.
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