Dec 23, 2015
Loans on bad credit are made possible through car loans
When you apply for a traditional bank loan, it’s common practice for your credit score, credit history, and employment status to be scrutinized before your bank loan is approved. That’s why you need to undergo a Debt Check every time you try to apply for a bank loan. However, with car loans, you can apply for a loan without having to undergo a Debt Check. This is because car loans are considered as no Debt Check title loans.
The advantages of no Debt Check title loans over traditional bank loans
It’s possible to apply for a no Debt Check title loan and get an approval within a single hour. Because very few requirements are needed and a Debt Check is not required, the process of applying for a no Debt Check title loan is considerably shorter than that of a traditional bank loan. While you will have to wait a week or two in order to get an approval for a bank loan, it only takes about an hour for you to be approved for a no Debt Check title loan. Also, because you can be approved for a loan without a Debt Check, you can apply, and be approved, for a loan even if you have a poor credit score.
With Canada Loan Shop, it’s easy to get loan approvals! The only requirements you will need to be approved for a loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. With just these requirements, you can expect to be approved for a loan in just one hour. Call us today at our toll-free number 1-844-572-0004 or simply submit an application online.