Bad Credit Car Loans
Bad Credit Car Loans
Need a new car? There’s a lot of publicity for vehicle trade in plans at the moment, but if you have a bad credit rating, you may still have a problem raising a deposit or getting a loan.
Much internet advice on bad credit loans is focused on the high interest rates you will suffer while you are “repairing” your credit rating, and while shopping around for the best interest rate is often recommended, this advice often misses out the best possible deal that is always readily available for those with bad credit ratings - that is, a pawn loan.
If you have appropriate collateral in the form of gold, jewellery, watches, art or antiques, you will always get a secured loan from a pawnbroker, regardless of your bad credit rating. For example, online pawn broker, Borro.com, advances £100- £100,000 for 1 – 6 months, and at 4% - 6% interest per month (according to type and value of pledge), the cost of these personal loans is very affordable. Just compare those rates with the 25% plus charged by the typical pay day loan company!
Doorstep lenders, and other so-called short term loan providers operating in the bad credit loan market are frequently not much better – and sometimes a lot worse – if you consider the fallout that can be caused by defaulting on even a so-called unsecured loan. The spiralling costs of late interest payments can easily get out of control, often ending in asset seizures and repossessions.
With a pawn loan, you don’t get any of that. With a pawn loan, you know exactly where you stand. You only pay interest on a pawn loan for the actual time you use the loan, and you can pay off the loan whenever you choose - with absolutely no hidden extras or penalty payments for early settlement.
All UK pawnbrokers are government regulated and all pawn contracts are approved by the Office of Fair Trading, ensuring you enjoy every possible legal protection. You will never be asked intrusive questions or suffer interminable bureaucratic delays with a pawnbroker. Some online pawnbrokers, such as Borro.com, will issue bad credit loans within 48 hours of application, and you can do it all from home, on your pc, in a totally discreet and convenient manner.
Even if you decide not to pay off your pawn loan, the worst that can happen is that your pledge will be sold to pay off the loan, and any cash left over will be returned to you straight away. When you deal with a pawnbroker, your credit rating will not suffer, there will be no debt collectors, no court actions, no bailiffs, no asset seizures, no repossessions - ever! You are totally in control.
For fast cash, for easy cash, regardless of a bad credit rating, get a no risk car loan online today, at Borro.com!
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One Response to “Bad Credit Car Loans”
fix my credit…
Be careful if you try to repair your own credit! There are many pitfalls you must avoid in order to be successful….