Western Kurdistan Association
When your loan application is turned down by banks, and the options for credit continue dwindling, there is one place that one will always get relief; logbook loan dealers. Unlike banks, many logbook loan dealers are only interested in knowing the value of the car and your ability to repay. However, they charge a premium for their credit! In some cases, the annual percentage interest goes as high as 400%. Despite this, you can still pull down this high-interest rate using these tricks.
The bottom line to enjoying lower APR is picking the right lender. Because the lenders are free to fix their rates in the UK, the variation can range from 100% to 400% APR. Because all the lenders are business entities and target clients in different niches, the borrower has to carry extra research to pick the cheapest. However, note that the rate is not the only factor to use when picking a good lender. Other important considerations include debt collection policies and flexibility as you will learn from t
If you thought that the interest rates are not negotiable, think again. Most logbook loans want to grow their businesses and, will not mind making some adjustments to suit clients’ needs. Here, you need to be smart and negotiate hard to get the APR lowered. For example, if you get a few quotes that are lower than what the preferred lender is giving, demonstrate and ask for better rates. Here, you need to demonstrate the willingness to walk away. A good logbook loan dealer will never let you take business el
Western Kurdistan Association