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A bad credit score auto loan Calgary Alberta is one option you should consider if you need fast cash. This secured loan has fewer requirements and is available to everyone. You can apply for it even with a low credit score. What’s more, you can get the money you need within the day. One question that many prospects wonder about is their options when it comes to payments. 

How Do You Pay an Auto Title Loan? 

One advantage of hassle-free car loans is the payment plan. Borrowers can opt for a one-time payment or go with multiple payments. In the first option, the borrower settles the loan by paying the full amount. This is a good choice for people who prefer to pay off their debt quickly. But you should only consider this if your budget allows for it or if you’re expecting a large amount of cash to come your way. Let’s say, your tax refund is in the mail. 

It’s not surprising that more people choose installment payments. This plan lets the borrower decide the number of payments they’ll make. This is based on the loan duration. You can choose anywhere from six to 24 payments or more. You can even extend your contract but you’ll be paying a penalty and your interest rate will go up. 

Trusted Car Loan Expert

You’re guaranteed fair deals with Premier Loans Canada. We’re one of the country’s most trusted lenders. We offer loans as high as $45,000. We also have the lowest interest rates and monthly payments around. We also provide extended loan terms and flexible payment plans. Sign up on our website or call our toll-free number at 1-855-965-1650.

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