freedom cash lenders review
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Even if the rate for a cash-back auto refinance is better than another form of loan you’re considering, like a credit card, keep in mind that cash-back auto refinancing is secured by your car, whereas other options might be unsecured. “If you can’t make a payment and your car gets repossessed, you not only lose an asset — you potentially lose a source of income,” says Ryan Kelly, financial analyst at the Consumer Financial Protection Bureau. Not paying your credit card bill has consequences, but you won’t lose your car.
Finally, the total amount of debt you have is a key factor. “With any lending product you can always end up borrowing more than makes sense,” says Chris Kukla, senior markets and policy fellow consumer at the Consumer Financial Protection Bureau.
www.freedomcashlenders247.com/
Even if the rate for a cash-back auto refinance is better than another form of loan you’re considering, like a credit card, keep in mind that cash-back auto refinancing is secured by your car, whereas other options might be unsecured. “If you can’t make a payment and your car gets repossessed, you not only lose an asset — you potentially lose a source of income,” says Ryan Kelly, financial analyst at the Consumer Financial Protection Bureau. Not paying your credit card bill has consequences, but you won’t lose your car.
Finally, the total amount of debt you have is a key factor. “With any lending product you can always end up borrowing more than makes sense,” says Chris Kukla, senior markets and policy fellow consumer at the Consumer Financial Protection Bureau.
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