Getting a loan when you’re on a pension or disability is next to impossible. Most conventional lending institutions require that a person has a steady job or receives money regularly. This is not a problem with title loans though. You can still avail of a poor credit car loan Saskatoon Saskatchewan, regardless of your age or where you receive your income.
Can You Get a Title Loan Even if You’re Retired or Have a Disability?
Yes, you can. One of the best things about car collateral loans is how accommodating they are to people from all walks of life. Even those with poor credit scores, retirees or those receiving disability can still apply for this secured loan. One of the requirements of a title loan is proof of income. You’re good as long as you can show that you regularly receive an income. There are several non-traditional ways that you receive this, like through your retirement checks, your social security or disability checks, or alimony.
However, you also need to have a lien-free vehicle in your name before you can avail of a title loan. Your car (or its ownership title) will serve as collateral and will be used as security. It will cover your loan and help reduce the risk on the part of the lender.
The Number One in the Industry
Canada Car Cash is dedicated to helping people, even retirees. The number one lender in the business, they can offer you a percentage of your vehicle’s value. They can also agree on extended terms. Their interest rates are 70% lower than the competition. What’s more, you can get the money you need within the day. Log on to their website to apply from the safety and comfort of home. You can also call their toll-free number at 1-844-598-7631.
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