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Bad Credit Loans Mississauga Ontario makes it Possible to Apply for Loans Even with Bad Credit Scores

Dec 23, 2015

Bad credit scores are never a problem with bad credit loans

If you’ve ever tried applying for a traditional bank loan before, you know how important it is to have a good credit score and a substantial credit history in order to be approved for the loan. Having a poor credit score can lead to major problems when it comes to applying for a bank loan. This, however, is not the case with bad credit loans. As the name implies, applying for a bad credit loan is possible even if you have a poor credit score.

Why you might want to apply for vehicle title loans instead of traditional bank loans

Vehicle title loans fall under the category of bad credit loans. What this means is that you can apply for a loan, regardless of your credit score, by using your vehicle as collateral for the loan application.

You’re entitled to loan up to $65,000.00 depending only on your vehicle’s true market value

Loans of up to $65,000.00 are possible when you apply for a vehicle title loan. All you will need to be approved for a vehicle title loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. Your maximum loanable amount will be determined solely on your vehicle’s year, make, model, mileage, and engine condition.

Loans of up to $65,000.00 using only your vehicle as collateral are made possible thanks to Canada Loan Shop. With Canada Loan Shop, you’ll never have to worry about your credit score or your credit history when you apply for loans. To apply for a vehicle title loan today regardless of your credit score, simply call us at our toll-free number 1-844-572-0004 or apply online.

 

How It Works

What Is a Title Loan? A car title loan can be a fantastic way to solve short term cash needs by using your vehicle to borrow money rather than with your credit score. The amount you are able to borrow is based your vehicle's value and condition, your individual loan needs, and your ability to repay.

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