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Car repair loans are usually personal loans and may be either secured or unsecured, depending on the lender. If it is unsecured, the loan typically requires a credit check. If it is unsecured, the loan typically requires a credit check.
The right installment loan helped me repair my car and get her back on the road. That loan (and a giant bottle of hair dye) saved me and my car from months of resentment and heartache that no doubt would have ended in a crushing breakup.
Qualifying for an installment loan can be a great way to pay for a car, home or even pay a portion of a college degree, depending on your credit score and overall financial situation. Home equity loans, which can come in handy for home repairs and maintenance, also are installment loans, as are personal loans.
The typical use for an installment loan is to pay for unexpected expenses or emergencies, like an urgent car repair. Debt consolidation I nstallment loans allow you to pay off unsecured debts, such as multiple credit cards, with one, easy-to-manage regular payment.
Auto repair loans are offered by online lenders with the aim of providing the necessary financial support to pay for car repairs and maintenance. When your car doesn’t have an extended warranty or insurance, buying some replacement parts or getting a dent from a nasty accident fixed can put your finances in disarray.