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Is 2nd Chance Credit Financing a Good Solution?

On May 13, 2019

Do a quick search for second or third chance credit on the internet and you'll quickly see that this type of loan does not have a very good reputation. But Is this reality justified? Let’s take a closer look. A Fairly High-Interest Rate To begin with, second and third chance loans require much higher interest rates than traditional financing. While a new car is often offered at rates of less than 3.0% and a used car usually offers rates below 10.0%, a second or third chance loan may be acc...


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