Coronado Vehicle Loans
Loans are beneficial not only in consolidating debts, it is also used for other things, such as purchasing a new house or vehicle, going on a vacation, repairing a car, fund an education and more. But despite its popularity, not most people are eligible to apply for it. Lending facilities and banks usually have high standards for their borrowers, thus, making it difficult for some. As a result, some people are relying on loans that are fast and easy to acquire. One example is the payday loan. This type of loan does not require any collateral or credit check. The borrower can get the cash in as fast as one day but most financial experts do not recommend it because of its very high-interest rates. Luckily, there’s auto title loan, a short-term loan that will also give you fast cash without the dreading interest rates.
What Is Auto Title Loan?
An auto title loan – Coronado is better in many ways. The loan uses collateral – your car and this basically means that you can borrow a higher amount; title loan balances can be as high as $10,000. This is payable within 30 days or one month, depending on the lender’s condition. However, just like payday loans and other types of loans, an auto title loan may impose a huge charge if not settled on time and lenders may give you two options. If you’re lucky, you can have your loan rolled over and acquire new charges on top of the original balance. If you’re a little bit unlucky, your car may be repossessed by the lender and get the cash to repay your loan by selling your car.
Asking For Financial Assistance
There are many auto title loans in the country but only a few have stood the test of time. Therefore, if you need a reliable one, you should only consider Fast Money Loan.
Funding since 1997, Fast Money Loan guarantees a reasonably priced monthly payment once you’re your auto title loan was approved. The company offers a program called ‘Diamond Express’ to give assistance to California residents who need financial solutions that are quick and efficient. Further, its APR (annual percentage rate) can be as low as 18.59% to 33.42% for all eligible clients. When it comes to its interest rate, the charge could be as low as 17% and the company depends on the borrower’s ability to repay, collateral, credit-worthiness and agreed on terms.