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THE
BEST REDEMPTION LOAN AROUND
If your clients want to keep their vehicles
but owe more than fair market value, redemption loans may
lower the monthly payment and shorten the loan by months
or even years, which means thousands of dollars in savings.
With this kind of money at stake, you won’t want to
entrust your clients’ redemption loans to just anyone.
A BKAutos redemption loan is the right choice because:
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Lower
Interest Rate: In many states, your clients
will qualify for rates that beat those of other redemption
programs by several percentage points, which really
adds up.
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Auto
Rate Reductions: Not only does the rate
start off lower, but for every three months of on-time
payments and continuous insurance coverage, the interest
rate can drop ½%, up to 2% per year, accelerating
payoff and saving your clients hundreds or even thousands
of dollars over the life of the loan.*
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Non-Predatory
Lending:
Our rates among the best available, and, just like
our replacement loans, redemption loans are based
on simple interest, which rewards early, split or
extra payments.
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Comfortable
Payments: Everybody benefits when your
clients have car payments that fit easily within their
monthly budgets.
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Immediate
Replacement Option: In the event that your
client qualifies for financing but the vehicle does
not, the
BKAutos replacement program is available
right after filing, even before the 341 meeting.
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Multiple
Bankruptcies OK: Clients who have filed
more than once can still take advantage of both of
our powerful loan programs. (We consider 13 to 7 conversions
a single filing.)
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Plus, you’ll face fewer filing
conflicts than those that will arise with other redemption
loans offered through creditors who offer multiple lending
products such as credit cards and personal loans.
Redemption can be a very attractive
solution, for the right combination of client and car. Not
only does your client save money, but redemption puts the
old loan in the past, and gives your client the full benefit
of having timely payments on a fresh, new loan reporting
to all three credit bureaus.
Available in: ID, MD, NM, TX,
UT, WA, WY
Coming soon: Several states are scheduled to be included
in our redemption lending area.
Please
notify me when this program becomes
available in my state.
Redemption
Process Overview
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*The Rate Reduction Program
is available for loans held and serviced by the lender,
Prestige Financial Services, Inc., in its own portfolio.
Prestige Financial Services, Inc. is not under obligation
to offer this program to its customers, and may change or
terminate the program at any time and without notice, at
its sole discretion. Minimum APR 14% after all reductions.
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