Applying for a vehicle title loan is generally quicker and more convenient than applying for a traditional bank loan
Because banks need proof that you are financially capable of paying off your loan, they typically require you to submit a multitude of documents and undergo credit checks. If you fail to submit any one of these documents or your credit score is found to be in poor standing, your bank loan application can easily be declined.
Vehicle title loans enable you to loan large amounts of money with minimal requirements
Vehicle title loans, as the name implies, enables you to apply for a loan by letting you use your vehicle as collateral for a loan application. And because your vehicle is used as collateral when you apply for a loan, you’ll only need the most minimal of requirements for your loan application to be approved. All you will need during the application 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.
Why your credit score is a non-issue when it comes to applying for a vehicle title loan
Vehicle title loans are considered as no credit check title loans. This means that you will not need to undergo a credit check in order to apply for a vehicle title loan.
Canada Loan Shop enables you to apply for large loans of up to $65,000.00 without you having to be concerned about your credit score. As long as you own a vehicle with an unencumbered title, have proof of permanent residence and a valid driver’s license, you can be approved for a vehicle title loan within only one hour. Contact us at our toll-free number 1-844-572-0004 or simply apply online today.