Facts That Will Set the Record Straight About Challenged Credit Auto Loans London Ontario

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Every loan is unique. Each one has its own requirements and procedures. You should make sure you research the loan you’re getting thoroughly. You want to be sure of the facts so you’ll know what you’re getting into. This is especially true with challenged credit auto loans London Ontario. This secured loan has been around for decades but there are still a lot of misconceptions about it. Here are some facts that will clear the air: 

Setting the Record Straight 

  • You can qualify for an auto finance loan even if you have a low credit score. This is a secured loan, which means you’ll need to put up collateral. Because an asset guarantees the loan, the borrower’s credit score is a secondary concern. What’s more important is the collateral’s value.
  • You’ll keep your car. This isn’t a pawn shop. The lender doesn’t require that you leave the car with them. It stays with you and you can keep using it. But the lender will require that you surrender your car’s title. It will be returned once the debt is paid. 
  • It has low-interest rates. It’s definitely much lower than what you pay for your credit cards. You can secure a rate in the single-digit if you have a good credit score and history. 

Get You More Money Than the Competition

Premier Loans Canada will provide you with what you need when you need it. We offer loans as high as $45,000. Our company has the lowest interest rates and monthly payments around. Our fast approval process means you can get the money you need within the day. Sign up on our website or call our toll-free number at 1-855-965-1650.

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