How First Advance ensures responsible lending with lend and drive

The old adage time is money has never been more appropriate than when looking for a loan to help finance a business project, stockyour business or to buy and renovate a property. Whatever your needs, time is of the essence.

First Advance understands that people in business need money and they need it quickly. This helps them move quickly and gives them the edge over competitors as they are able to access cash to purchase things quicker and to close deals faster.

First Advance credit

Imagine a place where you can have a revolving credit and can access cash within hours when you need it for a deal or to buy something, and when you have the money to repay the cash you can do it equally quickly until the next time you need it again. Lend and Drive is a prime example. This is a reality when working with First Advance. All what they need is an asset to back the loan, affordability to pay the loan and you are in business! It’s as simple as that.

You now have a source of finance that allows you to be quick and nimble when it comes to making money. This amazing flexibility does come at a cost as the fees and interest rates of First Advance are a lot higher than the banks. This is as a result of  being a small company that has to pay  investors a high interest rate in order to have funds available to loan to clients.

First Advance is  however constantly growing and looking for cheaper ways to be funded so that they may lower the fees and interest that they  charge. This business also knows  that your car or truck is one of your most important assets and is vital in conducting business. This is why they came up with a solution that allows clients to borrow money and still drive their car. This business model has been operating in the UK and America for over 20 years.

The cost of the loan is once again expensive because of the risk of lending somebody money and giving them back the asset that is used as security.

It is for this reason that First Advance takes  title to the vehicle and puts a tracker in the vehicle to make sure that if money is not paid back they can be able to recover the asset and sell it to defray the cost of the loan and the capital paid to borrowers.

If you ever do take a loan out with First Advance,  make sure you pay your repayment instalments  us every month so that you don’t get caught up in a backlog of arrears payments which you will find very hard to repay. You will also still be liable for the repayment of the capital amount!

Contact First Advance for cash when you need it.

Also Read: Why A Good Credit Score Matters