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Bad Credit Loans Pickering Ontario Loans You Money Based on Your Car’s Equity

Dec 23, 2015

Is your bad credit score stopping you from acquiring the funds you need?

If you’ve got a bad credit score or a lack of substantial credit history, banks will most definitely turn down your loan application. This can be a disheartening experience, especially if it’s already happened to you several times in the past.

Other options are always available

If your poor credit score has kept you from being approved for a loan in the past, there’s no need to fret. Bad credit loans are always available for people with poor credit scores.

Your car can be the solution to your problems

Because bad credit loans fall under the category of equity loans, you can use the equity of a property you own, such as a car, as collateral to take out a loan. All you need to apply for a car title equity loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.

Low interest rates and long loan terms

Unlike bank loans, car title loans offer very low interest rates and extremely flexible loan terms that cater to your individual needs, preferences, and financial capabilities. This means that you won’t ever have to worry about going over your monthly budget because of your monthly payments.

With Canada Loan Shop, you can loan up to a maximum of $65,000.00 depending only on the condition of your vehicle and its true market value. Our loan experts are always ready and available to provide fair appraisals for your vehicle and to assist you during the application process. There’s no application fee and long and flexible loan terms make it easy for you to pay off your loan. Call us now 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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