A car loan, also known as a pink slip loan, is a loan where the borrower’s vehicle is used as collateral against the debt. The amount of the loan depends on the value of the vehicle and is usually capped at around 50% of the value of the vehicle. The interest rates are usually much […]
Month: April 2019
Loan despite chargeback
If a loan is to be requested despite a return debit note, it is advisable to look closely at the market of the lenders. Lenders who voluntarily refrain from interrogating the private credit entry grant the borrower a loan even if their own creditworthiness has forcibly deteriorated due to the return debit. Of course, proof […]