Going to a bad credit background because you have not paid any of your previous loans, which you may have taken for purchasing a house, a car, machinery or whatever else of value? Easy Credit Licensed Money Lenders Singapore
Possess you been declared insolvent?
If the answer to the above-mentioned questions is yes, and if you require a short-term instant cash loan to meet your most pressing needs at hand, then certainly it’s difficult so that you can avail a short-term cash loan. Obviously, you will not get an instant short-term advance loan from a bank or financial institution or any other institution if most likely having a bad credit history or have recently been declared bankrupt. So, where you should go to get the instant cash money that you so badly require for satisfying tasks at hand. In such circumstances, the services of an automobile pawnbroker and moneylender be useful.
Just how can a car pawnbroker and moneylender help to give you an immediate instant cash loan?
Commonly, a vehicle pawnbroker and moneylender will not likely carry out any credit checks or qualifications checks for approving the money amount. They will also not request your bank statements or pay slips to approve the cash loan.
You should have got any asset of value that you can deposit with the car pawnbroker and moneylender as a guarantee that you will return the loan money along with interest on the loan’s expiration. An asset of value could be anything such as a car, a boat, a motorcycle, a 52 pick up, equipment etc.
You can decide between pay as you go or at the loan’s expiry. Once you fully pay back your loan amount along having its interest, your asset will be returned unto you.
Can you really extend the loan’s repayment period?
Yes, it is possible! To increase the period of the loan, you may need to visit your car pawnbroker and moneylender before the loan’s expiration date and request to extend the payment timeframe. Depending after your specific situation and your dedication towards payment, your pawnshop may extend your repayment duration by one month so as to pay off the remaining loan amount, however, you could be required to pay the interest.
What will happen if I neglect to pay the loan amount within the agreed schedule?
The vehicle pawnbroker and moneylender promote off your property to receive the total amount, which was loaned to you. It is going to sell the advantage for a slightly higher rate in order that the pawnbroker can also receive its interest and book some revenue as well. In this way, the pawnbroker will be able to remain in the business.