Auto title loans are structured so everyone who has a car can apply for a loan. This provision has allowed people who are underemployed or who have a poor credit score to get the financial assistance they need in an emergency. While a clean title is a key requirement to getting an auto finance bad credit loan Surrey British Columbia, it’s not always enough. Here’s what you can do to have your loan approved every time.
3 Things That Guarantee Title Loan Approval
- Prove that you’re an adult. You have to be 18-years old or older to apply for this loan. It’s one of the reasons why you’re required to present a government-mandated ID. The legislation states that only adults can be obligated to pay off loans, which is why lenders double check the age of the applicants.
- Own a vehicle with high value. Your collateral will have an impact on the lending company’s decision on whether or not to approve your loan. While most lenders accept all types of vehicles for collateral, they will prefer newer models and cars that are well-maintained as these are easier to sell.
- Have a steady income. The best thing about car collateral loans is that your employment status or credit rating is not a big factor for approval. However, you still need to show you can pay off your loan and a steady income will prove that.
Faster Than the Competition
Canada Car Cash is dedicated to helping you out. The company can loan you a percentage of your car’s value. They also offer low-interest rates and same-day processing. You can get the money you need in a few hours and retain ownership of your car. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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