Sentences with phrase «secured auto loan the lender»

Not exact matches

A number of payday lenders have embraced auto - title loans, which are secured by the borrower's car and typically carry annual rates around 300 percent.

Secured loans, like mortgages, auto loans or payday loans require some form of collateral (property, like a house, car or other item) in case you go into default and the lender needs something of value to compensate for the loss.

A bad credit auto loan provides you with the money to fund your vehicle purchase, and the lender secures collateral for the loan in the form of putting a lien against the vehicle until it is paid for in full.

Auto loans are also a form of collateral for a secured loan with the lender holding the title until the loan is paid off.

Lenders want to see that you are not a liability, so seeing your solid credit history will help you secure a lower mortgage rate, or auto loan rate, for example.

An auto loan will always secure the vehicle as collateral, and if you cease to make your payments the lender can repossess it and resell it at auction.

On the other hand, mortgages or home loans, auto loans, and the like are considered secured debt, meaning there is a specific piece of property that can be collected if you fail to pay your lender.

Bad credit auto lenders can help you to secure a loan for a new vehicle through pre-qualification.

Meanwhile, with your secured debts, such as your auto loan that's backed by your car or your mortgage that's backed by your home, you can either turn over these assets to the lenders involved or try to strike a deal where you keep the assets in return for making some sort of payment.

An auto title loan is secured when a lender places their name (known as a lien) on your car title as collateral.

In order to receive an Auto Equity Loan in Arizona, a set of requirements must be met by both the lender and borrower before a loan can be secuLoan in Arizona, a set of requirements must be met by both the lender and borrower before a loan can be seculoan can be secured.

Essentially, auto loans are secured loans, with the vehicle itself acting as a sort of collateral against default (i.e., if you don't pay back your loan, the lender can sell the car to get their money back), which means less risk to the lender.

Loans for property, such as auto loans and home mortgage loans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your paymLoans for property, such as auto loans and home mortgage loans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your paymloans and home mortgage loans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your paymloans, are considered secured debts because the lender has a way to recuperate some of the loss (i.e., taking your car or house) if you can't make your payments.

An auto title loan is a loan that is secured with your drivable motor vehicle, in which your lender becomes the lien holder of the title.

Since auto title loans are secured by your vehicle, the lender incurs less risk and can then offer lower rates to these applicants (without a credit check).

Secured loans, like mortgages, auto loans or payday loans require some form of collateral (property, like a house, car or other item) in case you go into default and the lender needs something of value to compensate for the loss.