Can My Bad Credit Score Stop Me From Getting a Car Repair Loan?

Bad credit score affects your ability to get approved for a loan. For example, if you have a credit score of 400 your chances of getting approved for a loan are very slim. Having a good credit score is important if you want to get approved for a loan. Does it apply to all? Let’s find out!

If you’ve ever tried to borrow money, only to be rejected because of an unacceptable credit score, you’re not alone. Has it happened to you more than once or thrice? It’s probably because your bad credit score is the problem. You need the right plan for building your credit history and increasing your creditworthiness so lenders will approve your loan request. Many lenders, including banks, want a good credit score from borrowers before they will start processing loan requests. 

The Twist

We, at Snap Car Cash, accept all credit types. This means that even people with a bad financial history can still apply for loans of up to $50,000 without worrying about getting rejected. We provide car repair loans at very competitive interest rates. All we need from you is your lien-free car cash to be used as collateral. Keep in mind that we won’t keep your vehicle with us and you can keep driving it even when making monthly payments for the loan. 

The best way to improve your credit score is by paying your bills on time. But is that possible? Not at all times. There are times when you have to prioritize which expenses and bills must get paid first. Managing your monthly expenses is crucial in order to save money and have a good credit score. 

Our aim is to provide loans that are accessible to every individual. Being denied by banks and lenders because of a poor credit score is painful and difficult for many people. However, we take pride in offering car repair loan at competitive interest rates without requiring huge income or having a perfect credit score. Our mission is to help those who need instant cash without having to pay high interest. 

Paperwork Needed For The Loan

We understand your need for quick cash and with that in mind, we will help you get money as soon as possible through our car repair loan. The whole process of getting the loan is very easy and hassle-free. With us, you can get the money on the same day of applying. All that you need to do is upload documents to our secure online application form. Below is the list of the documents needed:

  • You must provide proof of legal age.
  • You must have a vehicle that is not more than ten years old.
  • You must have a clear vehicle loan.
  • You must have both collision and comprehensive insurance on your vehicle.
  • The vehicle must be registered under your name.
  • You must have a valid Canadian driver’s license.
  • You must provide proof of permanent residency.
  • A second set of car keys is also required.

You can contact us by calling our toll-free number at 1-888-886-SNAP(7627) or you can apply online.

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