About Car Loan Pal
Car Loan Pal, found online at CarLoanPal.com, is a company which matches people who are looking to purchase a new or used car with a company who is willing to finance their auto loan.
Car Loan Pal says they were founded by auto experts with over 40 years of experience, and have designed their website to provide their customers with car loan information, as well as a blog with both auto loan and credit tips.
According to their commercial, this company promises that whether you are looking for a new or used car, they work with a wide variety of car dealers, including those that are willing to consider financing loans for customers with either bad credit or even no credit.
The website promises that their application process is both fast and simple, and that their customers need to pay no fee to apply and after the application has been processed, there is no obligation to accept any of the offers you receive.
The application requires your full name, date of birth, mailing and residential address, and phone number. They also require full employer information, as well as your social security number and whether or not you’ve declared bankruptcy in the past seven years.
It’s important to know that submitting this information to their website gives their financial partners permission to run a credit check on you. Once this check has been performed, you’ll be matched with the appropriate lenders and offers.
And for customers who are concerned for their safety, Car Loan Pal says that they help hundreds of people every day, and that all information submitted on their site is protected and secure, and that their company is a certified member of the BBB.
When dealing with lenders, the most important thing to remember is that you need to carefully and fully read all the Terms and Conditions of the loan agreement. If you have any complaints about the terms, you should not agree to them.
If you have any experience with this company, please leave your Car Loan Pal reviews below.
2 ‘Car Loan Pal’ Reviews
THEY SELL YOUR PERSONAL INFO.
This privacy statement describes how Car Loan Pal Holdings, LLC. collects and uses the personal information you provide on our Web site: www.CarLoanPal.com . It also describes the choices available to you regarding our use of your personal information and how you can access and update this information.
In order to provide you with additional product and service offerings, we may disclose all Private Information about you with trustworthy and reputable third parties such as:
l Financial service providers
l Non-financial companies
IF YOU PREFER THAT WE NOT DISCLOSE YOUR PRIVATE INFORMATION WITH NON-AFFILIATED MARKETING COMPANIES, YOU MAY "OPT-OUT" OF THOSE DISCLOSURES, THAT IS, YOU MAY DIRECT US NOT TO MAKE THOSE DISCLOSURES (OTHER THAN DISCLOSURES OTHERWISE PERMITTED BY LAW). IF YOU WISH TO OPT OUT OF OFFERS OTHER THAN SUBMITTING A VEHICLE FINANCE APPLICATION, SIMPLY DO NOT CHECK THE BOX NEXT TO “I WOULD LIKE TO RECEIVE OTHER SPECIAL OFFERS” ON THE VEHICLE FINANCE APPLICATION FORM.
I had to pay $1 to sign up for a supposed free trial membership with TransUnion to get my credit score in order to apply for the car loan. It never took me to the next step in applying for the car loan, just a browser for searching car insurance companies. So now do I wait for someone to call me to get a car loan calling? What a disaster.