A car pawn loan Charlottetown PEI can help you meet an emergency or to get out of a tight spot. It’s easy to qualify for this loan, and you can get the cash you need on the same day you applied. But like any loan, it also carries a certain amount of risk. In this case, your car could be repossessed and sold to cover the lender’s investment. So, what can you do if you’re short on funds this month?
3 Options if You Need Help with Your Loan
- Negotiate an agreement with your lender. One of the best things you can do is, to be honest. Talk to your lender about your situation and any difficulties you’re having with your budget or payment plan. You’ll find that most lending companies are amenable to working out a new agreement.
- Give a larger down payment. If you can spare the cash, putting down more money initially will help lower interest rates. It will also reduce your principal enough to ensure monthly payments are more manageable.
- Bring in a co-borrower. You can give yourself an advantage by having a co-borrower. This should be someone trustworthy and who has a better credit score than you. But make sure you do meet your monthly obligation, or your co-borrower will be forced to shoulder your bad credit score auto loan. If this happens, your relationship with that person could be ruined.
Get You More Money than the Competition
Get the financial help you need with Canada Car Cash. This trusted company only offers title loans, which is why they can lend you more than the competition. Their interest rates are 70% lower than their rivals. You don’t have to worry about credit or employment checks too. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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