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Sep 28, 2017 - 34 minute read

How quickly can i pay off my loan

Whether you have good credit, bad credit, or no credit, Auto Money is here to help you get the cash you need fast. We have low interest rates available, the most cash for your title, instant approval, and you keep your car for the length of the loan. Apply today and get back on the road to financial freedom.

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How quickly can i pay off my loan

The length of time a borrower has to pay back their loan varies from lender to lender, but there are some industry standards. 30 days: A common amount of time allowed for title loan repayment is 30 days. Some lenders may give you another 30 days if you cannot pay on time.

To avoid defaulting on a loan, see if a relative or good friend can help with the payments. This allows you additional time to pay your friend back without worrying about losing your car or incurring extra interest fees. If you cant pay back the loan, or wont be able to, you may have to look at selling the vehicle or other items you own free and clear.

How quickly can i pay off my loan

Local churches may make small loans at low rates. Community centers and nonprofit associations in your area may also offer small loans. Ask for forbearance on bills: Some creditors such as utilities and cable television companies dont charge interest on late payments, so find out whether theyll accept delayed payments.

Use whatever money you save from not paying those bills to cover emergency needs. If you cant pay consumer debts such as auto loans or mortgages, explore your options with the lender first before turning to toxic high-rate loans.

Borrow from yourself. Request a payroll advance: Ask your employer for a cash advance on your pay, which usually doesnt cost you any fees and which you repay via payroll deduction. Some companies also offer low-cost loans to workers in crises. You also might consider Earnin, an app that offers workers advances that they repay in a lump sum on payday at no interest.

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