There will instances in your life when you’ll find yourself without a job. Maybe the job market is rubbish or you’re in-between gigs. Whatever the reason, a poor credit car loan Kawartha Lakes Ontario can help you with your finances until things become more stable. Here’s how:
How to Get an Auto Loan if You Don’t Have a Job
- Offer high-value collateral. Title loans require borrowers to put up collateral. It will act as security for both the lender and the borrower. Loan approval and the amount that you can borrow will depend on the collateral. A high-value vehicle will help stack the odds in your favor and will also help you get a higher loan amount.
- Look for a co-signer. You can also improve your chances of getting approved if you have a co-signer. They can be your friend, partner, or relative. The co-signer will put their name on the fast loan contract and will be legally obligated to take over the loan payment if you no longer can.
- Make sure the title is clean. Since the whole loan revolves around the car and its corresponding collateral, it’s not surprising that most lenders demand a title that’s 100% paid off. Lending companies are also amenable to giving you a loan even though you’re still paying for the car. as long as you only have a few monthly payments left.
The Best in the Industry
Need help? Premier Loans Canada is here to lend a hand. They’re one of the best in the industry and can offer you as much as $45,000 in loans. You don’t even have to worry about credit or employment checks. The company also offers low-interest rates and affordable monthly payments. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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