Canadians are spoiled for choice when it comes to title loans. You can literally find thousands of lending companies online. Unfortunately, there will be wolves among them. Here are three ways you can verify that the refinance car loan Vaughan Ontario you applied for is legit.
How to Check if a Title Lending Company is Legal
- Verify Payment Requirements: Ask what kind of payment method they prefer and if they require advance payment. Walk away if they say yes to the latter. Trustworthy lenders don’t ask for upfront payment. They will disclose any corresponding fees early on in the application process. And any fees will be settled once the loan has been released.
- Ask a Professional to Review the Contract. It’s a good idea to bring the auto loan contract to a lawyer or legal professional. These experts can easily spot inaccuracies and could detect if the contract (and company) is bogus. Don’t be rushed or pressured into signing the contract. A company using these tactics is a red flag.
- Double Check with Business Bureaus. Go to the website of your local Better Business Bureau and look for the “Check out a business or charity” button. You can then search the lender’s name, website URL, and even email address or phone number. Go over the reviews and feedback given by the bureau and previous clients. It will tell you a lot of things about how the company works.
Lowest Interest Rates in the Industry
You’re working with a respected and reliable company if you choose Premier Loans Canada. You can borrow as much as $45,000 in loans, without worrying about your credit score or credit checks. The company offers low-interest rates and affordable monthly payments. Log on to their website to apply or check out their toll-free number at 1-855-965-1650.
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