Do you have bad credit? We say YES when banks say NO because of a low credit score. Eazy Cash has an alternative for you – personal installment loans (aka second mortgages) secured on your house.
When you take out a second mortgage, there are a set number of scheduled payments to be made over a defined timeframe. This type of loan allows people with no credit or a poor credit history to build credit and help with their future finances. At Eazy Cash, we use home as collateral for an installment loan, so you can borrow any amount up to $35,000 depending upon the value of your home.
A second mortgage is a great way to access money by using the equity of your property. People normally get second mortgages when they need money for a car, as a down payment for another property, to renovate their homes or to consolidate their debt.
The loan can last for a number of months and payments can be distributed evenly throughout the entire loan term. The typical amount of an installment loan will range from $1,000 up to $35,000 and last for two to five years. Whatever the loan term or amount, you will get your cash on the same day.
Installment loans are different from payday loans for three primary reasons:
Installment loans can be used to build credit for people with a poor credit history or no credit history at all. We will help you to avoid the delays and inconveniences that often come from traditional lenders. and this is often the easiest way to get cash in a hurry, because you can retain the usage of your vehicle throughout the loan term. Also, we allow you to use cars, trucks, mobile homes, RVs, boats, horse trailers or farm equipment as car title collateral for an installment loan.
Eazy Cash is a company you can rely upon, so contact us today about second mortgages in Toronto or Ottawa – email firstname.lastname@example.org or call 613-699-0011.
Does my car need to be paid off?
Usually our answer would be yes, but it can happen that you have a vehicle with a small payment balance remaining, so we can pay out that loan amount and still give you cash in hand.
Can I get a loan, even with a poor credit rating?
Yes. There are numerous factors contributing to successful approval for a loan under our program, but your credit history isn’t one of them. Indeed, we don’t perform credit checks for any loan with a value of less than $10,000. If your car qualifies, the loan is certain to be approved.
How much money can I borrow?
The amount of an installment loan is based on a formula which takes into consideration the year that your vehicle was first registered, the make and model, its total mileage and its overall condition. Our loan amounts vary from $1,000 to $35,000 depending upon the value of your vehicle.
Can I pay off my loan at any time without risking a penalty charge?
Yes. You can pay off the loan at any time and you won’t incur any penalty charge for paying out early. We won’t punish you for being a responsible payer.
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