easy bad credit loan Waterloo Ontario

December 4, 2020

Factors Beside Credit Rating That Impact Approval of Your Easy Bad Credit Loan Waterloo Ontario

Despite having collateral, there’s no guarantee that your application for an easy bad credit loan Waterloo Ontario will be approved. The best thing to do is to know the critical factors lenders use to determine approval. While it’s well-known that one’s credit score usually plays in securing a loan, that’s not the case with title loans. These factors also affect your application: 3 Key Factors That Impact Loan Approval  Borrower’s Income: Lending money is a business, and the company will take steps to ensure they’ll get their money back. It’s why lenders will insist on seeing several months-worth of payslips. They need to see that you make more than enough to cover the monthly payments. Employment History: Your income usually […]