My Refinance Car Loan Cornwall Ontario Was Rejected. What Did I Do Wrong?

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There are times when you need a quick infusion of cash. Maybe there’s a course you want to enroll in or a limited-time deal on an item you need. Ideally, you should have some money in your account to manage this. If not, you can do what many others do and turn to a refinance car loan Cornwall Ontario. However, approval is always a 50/50 proposition. The best you can do is hope you didn’t do anything wrong in the application process. 

Mistakes to Avoid When Applying for a Loan 

  • Submitting an incomplete application form. Make sure you cross all your Ts and dot your Is. Missing one line or forgetting to check one box could cost you the loan. Most lending companies don’t like seeing a lot of mistakes or incomplete information on the application. Make sure you double-check everything before you send in your application.
  • Applying for multiple bad credit loans. Having a backup plan is understandable; even commendable. But sending in several applications simultaneously can backfire on you. The hard inquiries can pull down your credit score. Lenders also look at numerous applications as a red flag. 
  • Collateral has issues. Your car is central to your loan application. Your approval chances could go down if your equity isn’t enough or the lender has concerns about the title. 

The Number One in the Industry

Premier Loans Canada is the perfect partner when you need financial aid. You can borrow as much as $100,000 without undergoing credit checks. Our company has the lowest interest rates and monthly payments. We also offer extended loan terms and flexible payment plans. Our fast application process means you get the money you need within the day. Log on to our website or call our toll-free number at 1-855-965-1650.

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