What can you do when extra expenses are piling up and you don’t have enough money? A poor credit car loan Calgary Alberta is a sensible option if you own a car. However, high-interest rates might curtail you from getting one. Fortunately, there are things you can do to qualify for better terms.
4 Steps to Getting the Best Interest Rate for Your Loan
- Improve your credit score. Another thing you can do to improve your interest rate is to boost your credit score. You can do this by paying your bills on time and reducing your debt-to-credit ratio. If problems were uncovered on your record, wait at least six months before applying for a loan.
- Turn to online lenders. Because they have lower operating costs, online lenders can give you lower rates. But you must make sure you’re dealing with a legitimate lending company. You can do a Google search or check with the Better Business Bureau to know the lender’s reputation.
- Talk to the lender about your rate. Ask the lender for the estimated interest rate on your prospective bad credit score auto loan. You can also use online loan calculators to determine the kind of interest you’re likely to get.
- Pick the right time. A shorter loan contract can also do a lot in reducing your interest rate. You’ll have to pay more per month, but you can close your debt faster.
Same Day Cash
Need money fast? Premier Loans Canada provides quick loans and same day cash. You can borrow as much as $45,000 from this trusted lender. The company also offers low-interest rates and flexible payment plans. You get the money you need in 24 hours and retain possession of your car. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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