How Can I Get Bad Credit Car Loans

  Life is full of ups and downs and one never knows what comes next. One may need money or instant cash to face these situations. Not everyone has a backup plan. Some people go with the flow and rely on loans for help in difficult times. Loans have helped many people in times of monetary difficulties. In such times people opt for personal loans, home equity loans and mortgages etc. Bad credit car loans St John’s has been serving people with auto equity loans to help them when they need it the most. Auto equity loans are there in the loan market for a while now but this option is yet to be explored by the people since it’s still new. One reason for people not exploring this option much is the myths and misconceptions it brings along with it. This is the reason people still hesitate to opt for a vehicle equity loan. 


Let us look at how one can get this loan and get qualified for the same.


To get a car equity loan, first, you need to understand what exactly is this loan all about and how to proceed with it. To get a car collateral loan you will need a fully paid car with no pending financial obligations. There are certain conditions like the vehicle should have a clear title to it and must be fully insured. It should be registered under your name and should not be older than 10 years. Apart from this, the company will ask for specific documents which you will be asked to present after filling out the online application form. 



The list of documents includes the following-

  • Proof of legal age as per your respected province
  • A vehicle that is not more than ten years old 
  • A clear title to your vehicle
  • The vehicle must be registered and insured in your name
  • A valid Canadian driver’s license
  • Proof of permanent residency
  • The second set of keys to your car


Now, let us see how to get bad credit car loans in St John’s.

After submitting these documents, all you have to do is follow certain steps to meet and fulfil the requirements of the process to apply for the loan and get it approved. 

Steps of applying for the loan-

  1. Fill the online application form available on the website.
  2. Send across the required documents. 
  3. Book an appointment with us and get instant funds the same day.


Follow these steps and apply for the loan and get it approved in no time. Now, most of you must be wondering about the credit score and job requirements. Well, Equity Loans Canada does not check the credit history of our client. If you have a bad credit score or if you are in between jobs you can still apply for the loan and get the required money. 

For more information, you can call us (toll-free) at 1-844-567-7002 or apply online. 


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