Dec 23, 2015
Is your credit score stopping you from applying for a loan?
When it comes to bank loans, a bad credit score is usually enough to for your application to be denied. This can be quite annoying, especially if you’ve already submitted all the necessary requirements and have already completed all the necessary Debt Check.
Applying for a bad credit loan may just be the wiser option
If you’ve already experienced being denied a bank loan because of your bad credit score, you may want to look into bad credit loans. With bad credit loans, you won’t need to go through the hassle of getting a Debt Check. This is because your credit score will not count towards the approval or denial of your loan application.
A little information on equity loans
Equity loans fall under the category of bad credit loans. With equity loans, you can use the equity of a property you own, such as a vehicle, to apply for a loan. Equity loans are more convenient than bank loans because of the minimal requirements and shorter processing periods. In the case of car title loans, the only requirements you’ll need to apply for a loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
With Canada Loan Shop, you’ll be able to loan up to $65,000.00 depending only on the condition and fair market value of your vehicle. Your credit score will not count against your chances for a loan approval. We guarantee minimal requirements for processing purposes, fair appraisals for your vehicle’s fair market value, the lowest interest rates, long loan terms, and flexible payment plans that fit into your budget. Call us now at our toll-free number 1-844-572-0004 or apply online.