Car Repair Loans from LoanNow : Faster, Easier, Better!
If the transmission on your car goes out, you are facing an expensive decision: pay for auto repairs, buy a new car or do without. If you need your car to get back and forth to work, then doing without is not an option – so you must either repair the car you have or purchase a new one. If your car is new or you still owe a lot of money, then repair will probably be the option you choose.
But unless you have substantial savings or credit cards with generous credit limits, you may be forced to borrow in order to get your car fixed. But if you cannot qualify for car repair loans from a bank or finance company, you may be tempted to turn to a payday lender. But car repair loans from payday lenders could multiply the amount that you owe far beyond the cost of replacing your car. LoanNow represents a better option than payday loans to get your car back on the road.
Bank Car Repair Loans:
Banks and credit unions usually offer the lowest rates for car repair loans. But most bank loans require stringent credit checks. If your credit reports reflect negative entries and especially if your FICO score is not great, you will probably be turned down. Even if you have great credit, you’ll probably still be walking or taking the bus for weeks while you wait for the bank to make a decision on your loan. Nobody wants to deal with that kind of inconvenience.
Payday Car Repair Loans:
On the surface, car repair loans from payday lenders look great. Processing for payday loans is fast and credit requirements are lax. Many payday lenders extend credit to nearly anyone who can demonstrate a steady income. And you usually receive your money overnight, sometimes even the same day. But the advantages of payday loans quickly evaporate when the repayment due date arrives. And if you’re paid every week — that date could be just a few days after you receive the loan. If you miss the repayment, then the payday lender rolls over your loan, and adds a whole new set of fees and interest charges. After a few renewals, that loan could blow up into a huge amount. Ouch.
LoanNow: Car repair loans from LoanNow are fast and convenient – no waiting weeks for a response. Our five-minute online application** requires no supplemental documentation and no faxing. Nearly all applications receive a response within 24 hours. † And if your bank participates in our Instant Funding ‡ program, you could receive your money within minutes.* But Repayment periods for LoanNow feature manageable monthly installments – like bank loans. And we say no to rollovers and expensive hidden fees. LoanNow just might be the right choice to get you rolling again!