Great for short term loans/beat payday loans or other astronomically high lending options... It's still very high interest, even with a secured interest (against a vehicle I own) I was at nearly 26%... most credit cards carry lower interest rates then this! If I were to pay JUST the minimums over the 3 year loan term it would end up costing me $4000 in just interest on a $6000 loan. They push you to borrow the maximum allowable, and also push BS added services like life insurance/payment protection/roadside assistance (and they frame it in 'it will only add $__ per month, instead of disclosing the total cost). Felt pretty high pressure/pushy to add those services, I declined them all and suggest you do as well, there's far better options for these items from other companies. They use the dealer fiancing tactic of framing everything in "how much can you afford to pay per month/what kind of monthly payment would you be comfortable with" instead of straight up outlining the loan/term/APR... felt somewhat predatory BUT if you do it correctly, and pay it off as quickly as possible it's not a terrible way to borrow money.
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CREDIT KARMA >.... STOP YOUR RELATIONSHIP WITH THIS COMPANY ... Why WHY WHY WHY WHY would you suggest a loan company to ANYONE that is gonna make you pay back triple what you borrowed ... I borrowed $2600 ... I walked out of the office with $1700 (FEES) ... I paid back $7553 ... COME ON CREDIT KARMA ... DO THE RIGHT TIHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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**Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. While efforts have been made to maintain accurate information, the loan information is presented without warranty and the estimated APR or other terms presented do not bind any lender. Lenders generally have a range of available APRs (for example, a lender’s range might be 2% to 12%) and only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, vehicle information, credit usage and history. All loans are subject to credit review and approval. Additionally, model year, loan-to-value, minimum loan balance mileage, income, debt, etc. restrictions may apply. When evaluating offers, please review the lender’s Terms and Conditions for additional details.