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July 31, 2020With a large number of the population needing to borrow money to survive a $1,000 emergency, it’s not hard to understand why millions are struggling to pay their bills during the pandemic. Fortunately, a car pawn loan Nanaimo British Columbia can help you address that situation. And there’s nothing to worry about as long as you make monthly payments. But what if you can’t pay your loan this month?
What to Do If You Can’t Pay Your Auto Title Loan
- Contact the Lending Company: Loan specialists say borrowers can talk to their lender if they’re unable to make the monthly payment. These companies are usually amenable to discussing options, like changing your payment date or waiving late fees.
- Consider Refinancing: You can also refinance your existing car equity loan into a new loan with lower monthly fees and extended contract duration. This is a sensible option if you qualify since interest rates have gone down.
- Change Your Spending Habits: You can also pad your budget if you cut all non-essential spending. Take an honest look at your bills and other expenses and decide where you can cut spending. With the country in crisis, it makes sense to keep eating out to a minimum, lessen trips to cafes, and cancel subscriptions. You can also hold off on paying some bills until the situation improves.
Get You More Money Than the Competition
You can always rely on Canadian Equity Loans for financial aid. You can borrow as much as $50,000 without worrying about credit or employment checks. The company also offers low-interest rates and affordable monthly payments. You can even pay early without worrying about penalties. Their easy application process means you can get the cash you need within 24 hours. Sign up at their website or call their toll-free number at 1-844-586-6311.
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