If a vehicle breaks down and a person has no access to credit card, savings, or bank accounts, a speedy decision would be to apply for emergency car repair loans. A good thing about emergency car repair loans is that a borrower doesn’t face the paperwork and application process is fast. Speaking of the banks and federal institutions, such benefits are impossible.
Usually, online lenders don’t offer more than $250 -$350 for the first time (at Personal Money Service apply for up to $5 000). Still, those services that want to build a long-lasting relationship, offer bigger amounts for the next applications. You can find services that offer up to $20,000 but borrowers should have outstanding credit.
People that are over 18 years and have a stable source of income and bank account will be eligible for emergency car repair loan.
Potential borrowers that need emergency car repair loans Georgia can check out reviews on Yellow Pages and choose the reliable lending company.
Emergency car repair loans for bad credit exist. There are options and solutions for different situations. Every company usually has a set of direct lenders that are ready to consider all cases. The only difference will be in interest rate, type of loan, and repayment period.
- Read how to renew your car insurance policy.