What’s a Good Credit Score for an Easy Bad Credit Loan Saskatoon Saskatchewan?

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When you’re facing an emergency and need cash fast, an easy bad credit loan Saskatoon Saskatchewan can be the perfect solution. It’s easy to qualify for this loan as anyone with a vehicle they can put up as collateral can apply. But even if you have some security in place, your credit score will still have an impact on your application.

What Credit Score Do I Need to Qualify?

A credit score is a number that signifies an individual’s creditworthiness. It’s based on the consumer’s credit history and takes into account the amount of debt, open accounts, and repayment history. Lending companies and creditors use this score to assess a person’s capacity to pay back a loan.

Credit scores range anywhere from 300 to 850 and are categorized as poor, fair, good, very good, and exceptional. A score of 580 and below is considered poor and the borrower will be considered as high risk. Scores between 580 and 669 are thought as average. The chance of getting a loan with this rating is 50-50. Ratings between 670 to 739 fall in the good category while 740 to 799 is very good. People with these scores are looked at as very dependable and have great odds of getting approved for specialized car equity loans. Lastly, a score of 800 and above is exceptional and will net you more benefits and lower interest rates.

Faster Than the Competition

Securing a loan is a breeze with Canada Car Cash. The company specializes in title loans and provides more money than other lenders. Their interest rates are 70% lower than their competitors and they offer affordable monthly payments. You can get approved in minutes and receive the funds within the day. Log on to their website to apply. You can also call their toll-free number at 1-844-598-7631.

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