MyAutoLoan Review by Jonathan Henson.
This My Auto Loan review may be of some help for those of you looking into a quality auto loan company, whether you have good or bad credit.
You know, people get sick and tired of falling victim to many scams out there and oftentimes, it’s difficult to figure out whether or not a company is legitimate. Independent loan companies have been in business for years and they continue to offer great services. There are many online lenders who run legitimate and worthy businesses and today we are looking into one of the most successful companies out there to see what they have under their hood!
Contrary to what many people believe about online loan companies, not all Internet loan companies are “bad credit loan” services. This one certainly isn’t; it’s for people with any type of credit history and it specializes in getting you the lowest possible interest rate from a variety of lenders willing to offer the best deals on “Auto Finance“.
While conducting research on the services provided for this MyAutoLoan review, I found they have a very high A+ rating by Better Business Bureau (BBB) standards. This is highly unusual for an internet loan company and refreshing to see how legitimate companies such as this can be when they actually care about their customers.
The first thing I noticed in the My Auto Loan website is how it does not look like your average, every day, spammy website looking to collect your personal information so they can sell it to another company. It’s full of information you can actually use and it provides a few free tools which are essential to helping customers looking for loans such as the payment calculator which will assist you in quickly determining what your loan payments would be should you decide to purchase a loan.
The website itself is a secure, encrypted site so you don’t have anything to worry about when it comes to providing your personal information to start the loan process.
They don’t charge any fees to submit an online application and the form to start searching for a loan is very simple to use and should take less than 5 minutes to complete.
There is a minimum requirement to apply for a loan at MyAutoLoan.com; you need at least $2,000 a month in gross income a month and the loan must be at least $7,500. This is the so-called standard requirements in this industry to minimize their risk and to ba able to offer more people their services.
Once you apply and press the submit button, you will get an almost instantaneous response telling you which offers you were approved for. Then, it’s a matter of selecting the loan you desire.
MyAutoLoan has great interest rates to offer and of course, this will depend on your credit score. At the time of this writing, a 61-72 month loan for a person with great credit would have a very low 1.95% interest rate. Still, many people are actually living paycheck to paycheck these days and their credit scores are somewhere in the 500’s, 600’s or low 700’s. This means you should expect a loan at a rate of anywhere between 3-5%, which is still pretty darn low!
In an Internet world full of scams and bad deals it’s nice to see how this company stays away from negative publicity. This MyAutoLoan review revealed the feedback in forums all over the Internet has been great for years and it’s obvious they take their customers seriously; their customer service has a well-earned reputation that is second to none in the industry and it’s hard to argue with thousands of satisfied customers. There is a reason why they have been in business and growing steadily since 2003.
Recommendation: Give this one a try. For free, with no obligation, you can apply for a car loan right here.