Loan Info

Loan Info

Start here for more info on loans and loan types.

What Terms Are Available For Online Title Loans?

Have you ever heard of Auto Title Loans? Without conducting a thorough research, you may not be familiar with Auto Title Loans. They are also known as Title Loans, Vehicle Equity Loans and Auto Pawn Loans to give a few different names. Not only are they more flexible in repayment terms, they are very much preferable than any payday loan. But if you cannot qualify for a loan from the standard bank due to a blemish on your credit or something about your lifestyle that they do not like, then they can be ideal for you. After fully paying off the Title Loan the lien is removed from your vehicle and the Title Loan lender has nothing to do with you anymore, unless you decide to reborrow. It is much easier to borrow the second, third. etc. time. Many customers build long lasting and strong relationships with their Title Loan lender and use them for quick emergency loans. As the Title Loan lender knows the customer, the repeat loans can be turned over very quickly. The borrower is basically using their paid off personal vehicle as a line of credit. This arrangement works very well for many borrowers.

You will find that many Title Loan Lenders are very understanding and will work with you in situations where you run into difficulties. You must keep in mind that Title Loan lenders are finance companies, not repossession companies, and are not in the game to take your vehicle if you default on your payments. They much prefer to work with you as opposed to taking your vehicle. As Title Loan lenders use your paid off vehicle as collateral for the loan they are secured and therefore do not look delve into details like your previous credit score or financial capacity. Their main concern is your car value, as this is the security, and they lend against this.

The True Benefits of Borrowing With You Paid Off Vehicle

Title Loans are a fast and easy way for many with bad credit and no credit to get an easy loan using the equity in their paid off vehicle. All vehicles typically qualify to be used to secure a Title Loan, whether it is a car, van, SUV, pickup truck or sportscar. Motorcycles can be used, but there are different rules to use these. See Motorcycle Storage Loans to get more information on this way of borrowing. As well there are loans that can be given by using other types of collateral such as machinery, landscaping equipment and such. See Collateral Loans for more information on this way of borrowing.


While traditional lenders focus on your credit worthiness and can takes a week or longer to make a decision, a Title Loan lender simply looks at the value of your vehicle and lends against that. If the borrower calls a Title Loan lender and gives the details of their vehicle they can come in straight away to get a loan. It is not only same day service, it can be done in under an hour.


Title Loans can be processed online where the borrower simply follows the instructions. Click Borrow Online to see process. Only a smart phone and basic technological skills are needed to get a loan this way.

Auto Title Loans Tend Come With Interest Rates That Are Higher Than Banks


As Title Loan lenders are typically smaller than banks, they do not have the economies of scale and therefore must charge more to make a profit and stay in business. But as the hardship of life and government taxation have forced many people into situations that leave them with a bruised credit rating, the benefits of a bank’s lending rates are not available to them. This being the case, Title Loans are in many cases the best option available. Many people are driving around in a paid off vehicle and do not realize that they are in possession of an asset that they can easily borrow against.

The Basics Of Using Collateral For A Secured Loan

In business, money is one of the most important essentials. Without it, you cannot surge forward. The main challenge, however, is locating favorable money-lending avenues. But everything is changing these days because with secured loans in Brampton, you will ease your way through. This can be done only if you clearly understand the concept of collateral to pursue a loan.

What Counts As Collateral?

Collateral is something that a borrower pledges as security for a loan, which in case of a default, shall be forfeited. Being a secured loan, you will most probably lose a specific asset or assets if you default.

While banks do not strive to use your assets, they can’t hesitate to seize it in case you default. Assets require management, expertise and time, which is why they prefer cash. When however things don’t work, that is the only option. That is why it ideal to make sure that before making up your mind to go for a secured loan, you weigh all the alternatives. Explore ways on how best to protect yourself and your business.

Here Are A Few Practical Tips:

  • Try To Avoid Blanket Liens

A blanket lien refers to a loan type that gives the lender access to anything and everything you possess if you default. With that in mind, try your level best to avoid the blanket liens as you can literally lose your hard-earned property. While blanket liens come along with upsides like allowing businesses to access loans at decent rates, the lender has all the power.

  • Keep Detailed Records

Before showing up for any vetting process to get a secured loan, make sure you keep your records accurately. If you do not, you may place a wrong value on an asset, only to be disadvantaged while negotiating. Since the lender constantly seeks the fair market value, they will probably offer you a raw deal by including things like a fire sale in their valuation or over-quoting values. With better records, you will hugely reduce the chances of an asset valuation. To get things right, set yourself apart for some time and think things through.

  • Put On Your Negotiation Hat

When reaching lenders for a loan, do not just blindly nod to everything they say. There is room for negotiation to twist the deal to your side. If you are a disciplined borrower with a positive record of paying on time, you have room for negotiation. If however, your record is questionable, this may not be a good idea.

  • Consider Peer-To-Peer Lending

Asides from the asset-based secured loans, there are countless other money-lending alternatives. In fact, many small businesses prefer peer to peer lending to SBA loans and banks. Hard money lenders have much less stringent terms and have the ability to set their own terms. Although the terms may be stiff, you will evade the unfavorable collateral requirements.

  • Don’t Limit Your Options

To secure a great deal, get over the self-limiting view that only banks or traditional money lenders offer loans. You can find loans from many other avenues with more favorable terms. One of the sure choices you can make is going for the peer to peer lending option. As a business owner, you can negotiate your way to a favorable deal. Always remember to be authentic while negotiating to avoid inconveniences.

In summary, you have definitely gathered tons of resources on the essence of loans. You have most probably understood that loans handily boost your business growth. Do not just go for any loan out there. As a poorly structured loan will totally tear your finances apart and if you are not keen enough. You will be struck out of business. That said, in all your dealings pursuing favorable loans; proceed with characteristic caution, seeking opinions and advice from relevant sources to avoid making regrettable decisions.

Common Myths About Auto Title Lending

While many people understand how home equity loans really work, many have yet to learn some basic details about auto title loans and their upsides. If you are a resident of Brampton are in search of an auto lending facility, here is your best guide. You can easily get a loan for the value of your vehicle. You can get money to take care of expenses like home improvements or personal expenses with online title loans. However, some limiting myths about auto title linking have been circulating. Have a look:

Auto Title Loans Have Coughing Interest Rates

interest rates

Mistaking an auto title loan for a payday loan? Since both options lend quick and easy cash? It is highly likely to believe that auto title loans come with extremely high-interest rates like payday loans. The flipside is auto title lending is popularized because it does not overcharge interest. All the loans are secured by your vehicle’s worth, so you won’t be trapped in hefty interest rates, even when it comes to the smallest loans. As a borrower, you will get the money you need and pay off as the friendly terms spell out.

All Auto Title Loans Include Prepayment Penalties

This relies on lending facilities’ terms. Most times a large percentage of lenders do not impose prepayment penalties. In fact, as a buyer, you can add extra funds to each installment or hand over a huge sum all at once. Before committing yourself to a lending facility, take some time to inquire about their rates and terms, so you do not miss the mark and make a wrong decision.

You Will Have To Lose Your Car

You are thinking you are going to lose your favorite car, right? If you think you will have to lose your car to get a loan, you are misguided. With title loans, you are handing over the title of the car and not the car itself. No company will seize your car. The idea is they want you to repay the loan without involving the car.

You Need A Good Credit Score To Pay

Another misconception is that auto title loans consider the borrower’s creditworthiness. Other lending facilities may have hyped this myth which is not logical. Contrary to other loans which hugely consider your credit worth and history, auto title loans do not. With your car as the collateral, you will be granted the loan depending on your car’s equity. However, if you default, the penalty is that your car will be seized. The terms are very friendly but strict at the same time.

Auto Title Loan Companies Are Unfair

While a negative word about the unfairness of auto title loans may be going around, the truth is they are not. They do not discriminate among consumers. The only factor that is heavily relied upon is the condition and value of your car.

Before therefore you make up your mind to choose a certain lender, conduct thorough research to figure out how they operate. Most of them offer of exceptional services only to disappoint borrowers. A reputable lender should one of the legitimate companies. In addition to their friendly terms, you will receive dignified treatment even if you are disabled, in debt or unemployed.

Auto Title Loan Lenders Choose Potential Defaulters

The flexible and lenient terms of auto title loan lenders make many people believe that they are fraudulent, and only choose defaulters. Even if they do not consider your employment or credit, the bottom-line is your car’s value. The lenders also verify your insurance, retirement or disability if you are not earning during the processing period. The lenders do not want to seize and sell your car. This is why it is also ideal to read through the lenders’ terms before taking action to avoid inconveniences.

How Can You Save Money From An Online Auto Title Loan

One of the reasons why people back out from an online auto title loan, even if they have not yet experienced using one, is the fact that they hear others say that it imposes very high interest rates. With that, it is also conclusive that there is no way out with these types of loans. Adding to that, there is also that fear of encountering companies who will take advantage of the situation. They can grant the amount of cash you need but will only use your information for other purposes and even impose higher payments that will be burdensome on your shoulders.

That said, you wonder if an online auto title loan will serve its purpose of providing you the cash that you need during an emergency without actually being too hard on you once payment day comes. It does serve its purpose provided you only deal with the most reputable providers of an online auto title loan. Also, you can consider how you can save money from this loan with the following tips.

Pay early

collateral loans

The term of the loan as well as the interest rates on top of the amount you need to pay can change daily. Since auto title loans are classified as short term loans, you should expect that they also come with higher daily APR when compared to other loan types. They operate the same way as cash advances since you have to pay the principal within the shortest amount of time. The rates are definitely higher than when you obtain a loan from the bank because those types of loans are payable in years.

When you are granted an auto title loan, expect the worst case scenarios specifically if you will not be able to pay what you owe within the stipulated amount of time in the contract. This can even translate to higher fees especially when you default on payment. As long as you pay the amount you owe on time or even earlier for that matter, you will be able to save money from an online title loan.

Do the math and apply it to the scenario

There are different types of emergency situations you can get into and most of them can bring in more expenses once the issue is unresolved. Take for instance the fact that there is a broken pipe in your home. This can cost about a thousand dollars or so to resolve. If you do not have the cash that you need at the moment, what is it that you should do next? Well, of course, you can look for several options to borrow money.

You approach a friend but he cannot lend you the amount you need. You think of going to a bank but the process takes too long to approve and before you know it, the broken pipe has already worsen as the day goes by. For each day that your pipe is broken, you incur more costs and when the leak gets worse, your expenses increase to about $400 each day. Will you still wait for your loan to be approved or look for a quick approach like those that online auto title loans offer?

Auto title loans can save you money not only in terms of getting rid of the cost that a broken pipe may bring but also the fact that these loans do not bring with them any prepayment penalty. This means that the earlier you pay for the loan, the better it will be for you. This translates to more savings on your part while you also fix your emergency situation.

How To Use Your Car As An Asset For A Loan

There will always come a time in our lives when we will need to obtain a loan for financial emergencies. Sometimes, in worse case scenarios, the need to get a loan comes in the most unexpected places when it is impossible to get the cash you need in a timely manner. If you are in need of cash urgently and you want to make sure you will get it very quickly, the best way out is to put up one of your assets as collateral and obtain a title loan.

If you have a paid-off car then you can use it as an asset for the loan that you want to obtain. This type of loan is called a car title loan. Your car is an asset which can eventually be used when you are in need of cash to cover your current expenses. Wondering how you can use your car as an asset for a loan?

What is a car title loan?

A car title loan is a secured short-term loan that anyone can take advantage of. It can be a collateral loan where the car serves as the collateral in exchange for the amount of money that you want to borrow. The good thing about this type of loan is your loan can get approved easily because the loan is secured by your car. Once you have considered the terms and the lender has granted you the money that you need, a lien is placed on your car. This lien will only be removed or lifted when you have paid what you owe in full.

You need a lien to secure the loan

The lien is classified as a security interest that will assure your lender that you are capable of paying your loan on time and in full amount. Since the lien secures the collateral, there is no need for the lender to hold onto it. You can continue to use your car as usual for the duration of the loan. A lien will not hinder your car or credit history and will be removed once the loan has been paid in full.

Is a car title loan beneficial?

Of course, it is. Come to think of how tedious it is if you apply for a loan in a bank or traditional financial institution. You will have to go through the same process where your credit history needs to be assessed before you are granted the amount of cash you need. Before you even do, you may have already been stressed out by the emergency where you are supposed to use the cash. When you have a bad credit rating, there is a big chance you will be denied the loan that you need.

With a car title loan as an option, your credit history will no longer be an important factor to get approved for the loan because the car is used as a collateral that makes the loan secure. Add to that, you can keep your car and use it whenever you want.

Learn about the basic requirements of car title loans in Canada

Like other types of loans, a car title loan comes with requirements. First, the car must be fully insured and is no more than 8 years old. There should be no prevailing debt connected to your car. You must also have a valid driver’s license as well as all registration papers for your vehicle.

Looking for collateral loans in Mississauga? You can always count on us to give you the amount you need once you use your car as an asset in exchange for the loan.

How To Look For An Ideal Car Title Lender

You are in need of a car title loan and you start scouting from websites you see online. You stumble upon one website with very good advertising only for you to find out that you are not actually dealing with a direct lender but one that is hosted by marketing companies. You become interested in what the company offers because it says that it is more than willing to offer you money if your car is pledged as collateral.

This can be a very usual incident when you just click on a website thinking you can get the amount of cash that you need at the moment. The sad thing is you will end up dismayed knowing that these may not be legitimate lenders, but instead marketing companies. You must therefore make sure you are dealing with a reputable direct lender or one that exclusively funds title loans. How will you be able to look for an ideal car title lender, then?

Know what a direct lender can do for you

A direct lender is someone who writes the loan and will then be in-charge of placing a lien on your car. From there, they will give you a sum of money. The amount of money you are given depends on the value of your car. While the rates offered by direct lenders can be higher than the banks, you have to take note that you will be able to borrow the money you need since you are using your car as collateral.  The car secures the loan, so title loan lenders will not do credit checks or check employment history. This makes title loans very attractive to those who have less than perfect credit scores or little employment history.

They will tell you about fees and interest

When you are in a hurry to obtain the amount that you need, you may no longer ask the lender about other charges you may incur from the loan. You will end up surprised later that you are paying a very high amount in exchange for what you have owed. An ideal lender must be able to explain about various fees and what these are. For example, many lenders charge a small fee for every missed payment. The charges must be presented in writing with the breakdown when you apply for the loan. They must also be able to explain how you can get rid of these charges. The lender will also outline if they loan is open or not. An open loan can be bought out at any time with no penalties.

You should be allowed to drive your car after you have borrowed the money

Many lenders may say that they must keep your vehicle as collateral for the duration of the loan. Remember that you do not need to do that and an ideal car title loan lender will let you know that you have the right to keep your car even after you have been granted the loan amount. However, most lenders will only lend up to half the value of your vehicle, unless it is held as collateral. If you desire more money and do not need your car for the duration of the loan, then you may consider allowing the lender to hold onto the collateral.

Car titles loans are very easy and come with a lot of benefits including a legitimate purpose to help you obtain the cash that you need fast. With a reputable lender, you will be able to let go of any risks and not waste your time giving out personal information to companies that will not really help. Add to that, you will be able to keep your car and use it for your daily errands as usual.

Looking for an ideal lender of car title loans in Brampton and other cities across the Greater Toronto Area? Come to us and we can give you the cash you need in no time!

Fast Funding You Can Rely On For Emergency Cases

You can be good at living a frugal life and save a good amount of money for emergency situations for the future. But life still has its ups and downs, and the “downs” can happen at any time leaving you without enough funds to use in case of an emergency. Not having enough funds to handle emergency situations can be stressful and can sometimes leave you financially drained.

When you’re in need of urgent funding, the type of need usually determines which form of emergency funding you should opt for. In many cases, you might be able to get credit from a traditional lender but that typically takes quite a while for the loan to be processed. When you need fast cash for an emergency, going for this type of loan is simply not an option.

If your need for cash is immediate, the most viable option to get fast funding would be to apply for a car title loan in Toronto. Applying for a car title loan gives you the best chance to get the funds you require immediately and securely. This allows the borrower to get the emergency funds specifically designed to cater for their needs. Read on to see the types of fast funding available for borrowers.

Emergency loans

car title loans

These are loans specifically designed to meet the unexpected and immediate needs for funding. When the need for an emergency loan arises, don’t hold back from taking the necessary steps to handle whatever crisis you may be going through. Emergency loans are an easily accessible way for the borrower to get cash while preventing unnecessary additional costs.

An emergency loan is a form of car title loan that provides a fast solution for immediate funding needs that may arise at any moment. The interest here might be slightly higher than what a traditional lender will typically charge you. But, the immediate nature of an emergency loan makes the added cost worth it.

The payback period for an emergency loan is short.  It’s usually one year to one year and a half, depending on the agreed amount. If the loan is not paid as per the agreement, the interest, fees and charges continue to add up until the borrower pays the loan in full. It is therefore important to remain within your repaying means when choosing to take an emergency loan.

Lenders do understand that the borrower may not meet the obligation of the loan and other obligations put forth by them. So they’ve come up with a solution. The borrower is allowed to roll over the whole balance for a month by paying the interest owed on the original amount. However, there are restrictions on the number of times you can roll over an emergency loan and the maximum amount of debt you’re allowed to grow.

Short term loans

Also referred to as installment loans, short term loans are different from emergency loans in that they can be repaid after a period of time. With a short term loan, you can breathe a sigh of relief as you don’t have to repay the loan immediately and you get some ample time to budget on how you’re going to make your repayment without overexerting yourself financially. Short term loans are much more flexible and give control that many borrowers prefer.

As a borrower, always be careful when going for a loan and make sure that you’ll be able to repay your loans without creating more financial difficulties for yourself in the process. Lenders will provide you with all the important information on how much needs to be repaid, and the period of time it will take. All the obligations should be clearly stated and understood by both parties in order to create transparency in the borrowing process.

Secrets To Getting Car Title Loans Quickly

Getting a loan in order to start a business, see yourself through college or even just for an emergency situation is never a walk in the park. There may be a few bumps here and there in the road to acquiring a loan for many reasons and many people actually miss the chance to get financial assistance for lacking the necessary knowledge and requirements needed to get a loan.

This is where car title loans come in. Lenders are now able to provide car title loans to consumers and you can also get online title loans services that require no hassle to get approved.  These loans provide a smooth process for their application and that’s why borrowers are drawn to them instead of other traditional lending institutions.

A car title loan is a type of secured loan where people looking for funding use their car title as security to get a loan. The borrower has to allow the lender to place a lien on their vehicle until the loan has been repaid. You can keep your car during the loan and the lien will be removed once the loan has been repaid. Car title loans are very easy to acquire and you can get them virtually immediately with minimal requirements. However, when going for a car title loan, there are some important factors in play that you have to be familiar with in order to ensure that you get the loan in an easy, fast, smooth and secure manner. In this piece, you will find some guiding tips on how to easily acquire a car title loan.

Obtain a manageable payment plan

Car title loans often come with certain terms and obligations that the borrower has to comply with before receiving the loan. Many lenders offer one year or one year and a half payback periods. It is important to speak with the lender and work out a payment plan that is right for the both of you. Failure to make payments on time can lead to additional fees so arranging a manageable payment plan is important. Choose a lender that offers car title loans with flexible repayment periods and attractive interest rates which will be light on your pocket and considerate of your financial needs.

Knowing the application and approval process

Lenders who give online title loans have an application procedure that takes place through their websites. Some lenders will need you to verify your identity via a phone call or any other type of personal information, such as photos of personal identification. The online application process usually takes 20 minutes or in some cases only an hour at most, making it a time efficient process for applying a car title loan. Once the application has been approved and documents have been signed, you will receive your money almost instantly.

Know what kind of cars can be used for collateral

Some title loan lenders will accept cars that date back to 2009. The mileage on your car can also be a factor for deducing the value of your car. So it is important to find out the terms and restrictions put forth by the lender in order to avoid any pitfalls in the borrowing process. If your car is of higher value, you then will receive more funds. Most lenders will only lend on vehicles that are around 8 years old or newer. However, classic and antique cars can also be loaned against.

Know the steps

Title loans are a very safe, quick and easy process. However, knowing these secrets can make the process even easier. It is important to do your research and make sure that you are picking a lender that is right for you.


Does Applying For A Title Loan Make Wise Financial Sense?

It’s understandable to be a little uncertain and intimidated when it comes to making any kind of financial decision. Financial situations can be accompanied by of risk and uncertainty. It is always a sign of responsibility when you ask yourself if a certain financial decision is a good idea or not.

Title loans do have their advantages and disadvantages, as with many financial decisions, many people make it on a day to day basis. It’s much easier to get a loan nowadays, as many consumers have discovered. Not everyone is able to get a traditional loan from a bank, so borrowers have resorted to using lenders who provide title loans. The borrowing process has even been simplified as you can go online and choose from whatever lending platform you desire.

If you’re in the middle of a financial crisis, you’re the one who gets to choose if a title loan is the right financial direction for you to take. While the decision to choose solely lays on you, we can add something more to help you decide if taking a title loan is a good financial decision and also clear the air on some of the bad rep given to title loans.

Title loans compared to traditional loans 

car title loan

Most of the time banks offer secured loans with collateral to their customers. On the other hand, title loan lenders require that a lien be placed on your vehicle, which will then be removed when the loan has been repaid. Title loan lenders offer loans depending on the market value of collateral, while banks offer consumers loans depending on their credit score. Banks take this approach because people with higher credit score are said to have lower risk, so they choose to offer loans to them. With title loans, the lender decides to lend to customers with lower credit scores and in return decide to take a higher risk. This is compensated by placing a lien on the collateral to guarantee the loan.

Advantages of title loans 

  • Receive the loan almost immediately: Once the application and approval process is over and both parties have clearly stated their concerns and requirements, you get to receive your money almost instantly.
  • Get to use your car even after receiving the loan: Although a lien is place on the car for the duration of the loan, you still continue to use your car until you pay your loan in full. Once the loan is paid in full then the lien will be removed instantly.
  • Your credit score doesn’t matter: The approval of the loan depends on the value of collateral provided. Title loans are offered to people with all types of credit history.

Disadvantages of title loans

Title loans may have slightly higher interest rates than what traditional lenders typically charge. But, considering the immediate nature of title loans, the slight increase in cost far outweighs the additional cost. You allow the lender to place a lien on the collateral that is provided. This collateral secures the loan in case default occurs. However, many lenders will work with you to make a manageable payment plan so default does not occur,


Many consumers have discovered about secured loans in Mississauga at very competitive interest rates. Lending companies are always ready to speak to you on phone at any moment you may require their services. They also provide flexible repayment periods where you can peacefully plan your repayment budget without having to worry about meeting short term obligations. Title loans are a great way to ease yourself from a financial crisis and therefore be able to meet emergency financial expenses. Weigh your options carefully and choose a financial solution that is best suited for your financial needs and situation. From the information given here about title loans, you can see that title loans are an effective solution to getting financial assistance especially during times of financial emergency.

Involved In An Accident With A Vehicle That Has A Title Loan?

Getting loans from large financial institutions can be a hassle. Not only will there be a lot of paperwork, but one may will also be expected to meet strict eligibility criteria. This criteria typically includes having an excellent credit rating and proof of a regular income.

In addition to that, the processing time for bank loans can be long, so they can’t be relied upon for emergency uses. One of the reasons that make bank loan processing  are a long process is the fact that they have to check a lot of information, including your credit rating and employment.

To avoid this, many people get collateral loans in Brampton, or many other cities across the GTA. By providing collateral, you reduce the risk that the lender has, and this in turn means that issues such as your credit rating and proof of a regular income may not be important to them. This is because they have a physical asset to secure the loan.

If you get a collateral loan such as a car title loan, it is important to understand what might need to happen in the event of an accident, since this would mean that the collateral would be damaged. This could complicate your loan if not dealt with properly, however, having the right information will help you navigate the issue with ease. If you have a car with a title loan against it and it has been in an accident, here are some things you may want to consider:

Contact your insurer

Call your insurance company, explaining the events leading up to the accident. You can then get advice from them regarding how the issue will be handled. In some cases, for instance, the car will be easily repaired using insurance funds. This works well for minor accidents. For more major collisions such as those that result in the car being written off, the insurance company will pay the remainder of your loan, and you will receive what is left over of the funds.

Make sure you are familiar with your car title loan terms and conditions 

When signing up for car title loans, there will always be terms and conditions that you will need to sign against. Review such sections so that you can understand the ramifications of getting involved in a car accident with a car being used as collateral. In some cases, this information will inspire you to become a more careful driver for the duration of the loan repayment, which can’t hurt. If you are unsure about some of these details, feel free to consult the lender for clarification.

Call the lender as soon as possible

If you have been involved in an auto accident and your car has been written off, it would be wise to call your lender as soon as possible. Shows of good faith and honesty can help you have an upper hand when negotiating on how to deal with the rest of the loan.

While some other firms will require you to pay the remaining amount in full as soon as possible, you can negotiate to continue making the payments on a regular basis. Most lenders will give a discount if the loan is repaid before it was originally set out to be. Some firms may even accept other forms of collateral (such as another car, equipment, machinery, etc.) so that you can continue servicing the loan as usual. If you work with a high quality lender, such as Fast Action Finance, you will find them to be very supportive. If you call your lender and are honest about the whole situation, you may be surprised about how easy the process can be.