There are different credit scoring models, and each may use different scales to calculate or convey information whether you have bad credit or good. It’s actually up to the individual lenders or the insurance companies who use these scores to decide which score should be termed as good or low. Scores can range from approximately 300 to 850, though that range may differ depending on which reporting bureau is computing the score.
Your credit is affected by numerous factors i.e. you pay your bills on time or not, you borrow a lot of money, the amount of time you’ve been borrowing, and the types of credit you’re using. The more negative marks you have on your report the lower will be your score.
Having low credit at all can affect your financial condition in a great way. having a poor scores can make your life extremely difficult from getting a job to getting a place to live. No banks agree to give you the loan, demands for a higher interest rate which automatically increases your monthly payment faces difficulty in starting your own business, calls from debt collectors, etc and many more.
Yes, it is possible. Fast Canada Cash offers you a low credit car loan, which means you can get your loan approved in spite of having poor credits. We provide you a loan on your car title. No credit check, no job requirement, We use your vehicle as collateral and approve your loan. You don’t require to pay any penalties for early payment and can keep your car with you throughout the loan duration. The only items you require to get your loan approved are your car title, a valid driver’s license, vehicle ownership proof, and your vehicle for inspection.