Posts by ideallendingllc

What is APR?

APR stands for “Annual Percentage Rate”, or in otherwords, how much interest you pay over a full year. For example, interest at 10% on $100 would be $10 for the year. At Ideal Lending (and most, but not all other lenders) interest is calculated daily. ┬áThis means that every day you have your loan you…

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Why Ideal Lending offers a Grace Period

Here at Ideal Lending we strive to relieve financial hardships for customers, not add to them. This is why we offer the convenience of a grace period when you receive a title loan with us. A grace period is the fixed time period in loan contracts during which a late payment will not result in…

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