Auto Repair Shop Loans

If you’re like many people, a car is a necessity, not a luxury. When your car is out of commission, you may be willing to do whatever it takes to get your car running again. But if you don’t have access to a credit card or family members with deep pockets, to pay for charges from an auto repair shop loans might be your only option. But if you turn to the wrong lender, you could wind up with more than car trouble.  Let LoanNow get you back on the road with a loan that has repayment terms you can live with!

Payday Lenders

Many people turn to payday lenders for all types of financial emergencies, including medical bills, utility bills and auto repair shop loans. That’s because payday lenders provide personal loans with few questions asked. Payday lenders don’t care how borrowers use the money they borrow. Their main concern is whether borrowers can demonstrate that they receive a regular source of income. That’s because payday loans schedule their repayment periods to correspond with the pay dates of their borrowers.  If you get paid every Friday, you could be expected to repay your loan in full, with interest, just a week after you receive your money.

If that sounds like it would be difficult to manage, that’s because it is. The Consumer Finance Protection Board reports that four out of five payday loan borrowers refinance their loans with rollovers at least once. Each rollover is structured like an entirely new loan, with a fresh set of interest charges and administrative fees.  After just a few rollovers, a modest three-figure loan can mushroom well into four figures, requiring months before it’s finally paid off.  With payday lenders, auto repair shop loans are quickly transformed into debts that can exceed the cost of auto replacement.

LoanNow

If you’re faced with paying charges from an auto repair shop loans allow you to repay what you owe in manageable, predicable monthly installments. Borrowers who fall behind receive encouragement and assistance to help get them back on track. LoanNow customers who maintain consistent on-time payment records are rewarded with higher LoanNow scores and lower interest rates on future LoanNow loans.

And because we understand that many customers get into financial difficulties because of a lack of basic financial knowledge, we provide helpful blog entries and articles along with our loans that are available to the public. It’s plain to see that LoanNow is a different kind of installment lender. Come and see what we can do for you!