Applying for a bank loan may just be a waste of your time
When you apply for traditional bank loans, it can take a long while before you actually get an approval. In most cases, you will need to acquire and submit a multitude of requirements and submit to credit checks as part of the standard operating procedure of applying for a bank loan. This can be a very time consuming process. It’s also possible for all your time and effort to just be wasted if you don’t meet the banks requirements or if you’re found to have a poor credit score.
Is making a loan with a poor credit score even possible?
If you’re applying for a traditional bank loan, it’s highly unlikely that your application will be approved if you’re found to have a poor credit score. However, with bad credit loans, it’s not only possible to apply for a loan with a poor credit score. It’s easy and convenient.
What you’ll need to apply for a bad credit loan
There are many different types of bad credit loans. Car loans are a type of bad credit loan that let you use your vehicle as collateral for loan application. You will not need a credit history or a good credit score to apply for a car loan. The simple requirements needed for a car loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
Canada Loan Shop lets you loan up to $65,000.00 depending only on the current condition of your vehicle and not on your credit score. And with no prepayment penalties, paying off your loan ahead of schedule will not cost you extra. Call us now at our toll-free number 1-844-572-0004 or apply online.