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What is APR?

By ideallendingllc | 09/22/2014 | 0 Comments

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.  This means that every day you have your loan you…

Why Ideal Lending offers a Grace Period

By ideallendingllc | 01/13/2013 | 0 Comments

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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