It’s a good idea to try and pay off loans as quickly as you can. Aside from that feeling of freedom being debt-free gives, you can also save more money and boost your income. Luckily, there are numerous tips and tricks to paying off your special financing auto loan Barrie Ontario faster. Read on to find out how:
Top Ways to Pay Off Title Loans Faster
- Round it up. This is one of the fastest and effortless ways of knocking off a few months off your loan. For example, if your refinance car loan payment per month is $270, add an extra $30 to round it off to $300. You’ll be surprised how much those extra dollars will add up to after a year.
- Pay bi-weekly. You can also pay your lender every two weeks instead of once a month. This will also close your loan quicker since you’ll technically be making an extra payment per year. Your interest rate will also be lower since payments are done more often. But make sure your lender will allow this as some companies don’t like loans being paid off early.
- Make an extra payment annually. If you can’t do bi-weekly payments, consider making one additional payment per year. You can use the money from your tax refund or your Christmas bonus to make a substantial dent on your loan.
Lowest Interest Rates in the Industry
Enjoy hassle-free lending with Canada Car Cash. This trusted company specializes in title loans. They can offer you more money and interest rates that are lower than their competitors. They also have extended loan terms and low monthly payments. You don’t even have to worry about credit or employment checks. Log on to their website or call their toll-free number at 1-844-598-7631.
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