Conventional lenders, like banks, will dismiss mortgage or car loan applications of borrowers with poor credit. While some lenders might reconsider, the customer would likely be extended a subpar loan. If you’re among the millions with a less than stellar credit standing, you’re in luck. These days, you can apply for a poor credit car loan Lethbridge Alberta. You can even stack the deck in your favor and ensure that you get approved.
2 Ways to Ensure Title Loan Approval
No credit check car loans have gained popularity over the years with people who are unemployed or with a poor credit score. Because people have to put up collateral, lenders are more flexible and relaxed with the rules. But just because it’s a secured loan doesn’t mean you will get approved. There’s no such thing as a 100% approval rating in the lending industry. However, you can give yourself an advantage by doing two things – sign up with a co-borrower and get pre-qualified.
You’ll have a better chance of being approved if you have a co-borrower, especially if they have a good credit score. It’s because the lending company will feel more secure with another person shouldering the loan. Meanwhile, pre-qualifying with a credit union will also give you an edge. It reduces the risks in the eyes of the lender.
Trusted Car Loan Expert
You’re assured of the best deals with Canada Car Cash, one of the country’s most trusted lenders. The company only offers title loans so they can offer more money to borrowers. You can even get a percentage of your car’s value as long as you have a clean title. What’s more, their interest rates are 70% lower than the competition. Log in to their website and apply online. You can also call their toll-free number at 1-844-598-7631.
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