What is a non-prime lender?

In Loans - Car Loans - Asked by Admin - 15 months ago

A non-prime lender is a lending institution that lends money to individuals with a poor credit history. There is a higher risk factor on these loans and so the interest rate is higher.

Answered by Admin - 15 months ago

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Car loans are a very common type of loan. You can get different types of car loans including used car loans and new car loans. You may also need a special loan if you have a bankruptcy on your record. Refinancing a car loan is also an option. If you need help with car loan questions or answers about car loans or "what is a non-prime lender?", Zuuply.com has the answers you are looking for.

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What is a non-prime lender?

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