Things to Know While Closing a Personal Loan

It makes no sense to have a bad credit score and request a 90% LTV on used car loan financing. Applying for a large loan with a bad credit score will result in high used car interest rates by credit score or your loan application might get rejected. As such, Mr Krish advises going for a larger down payment. A larger down payment increases a borrower's involvement, and lenders consider such applications to be low in risk, resulting in faster approval of low credit score used car loans.

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