A lot has been said about the benefits of getting an auto title loan. But borrowers should also realize that every loan comes with risks. For a car pawn loan Calgary Alberta, the risks come in the form of higher interest rates, penalties, and repossession. What Happens When You Don’t Pay on Time Paying on time is critical in car collateral loans. But sometimes we can’t pay on time despite our best intentions. Several things can happen when this occurs, the lender could charge you a penalty for it. If you have an auto-debit arrangement with your bank, they can levy a penalty for non-sufficient funds (NSF) if you don’t have enough money in your account. Some lenders install a […]