Ignition Financial is a leading refinance company in automobiles and it’s based in Texas. They offer a loan based on payment history. To achieve it, it uses a division known as slashmypayment.com. It’s comprised of an experienced workforce that ensures customers get the required loan based on the value of their car.
Taylor Carsten is the president and CEO of the firm. He is an expert in the bank industry having worked with Toyota for ten years and also Federal People‘s credit union as the vice president. Taylor acclaims the experience achieved made him discover the void in the industry. He saw the previous loans were not customer centered and hence the need for a mechanism to ensure that people can save their hard earned money through the slash my payments plan while at the same time servicing the loan. Mr. Taylor achieved a degree of Bachelor of Science in finance in Houston-Down University.
The firm refinances the loan by a simple method of paying off the old loan and replacing it with a new one.
Advantages of the system
– Lower interest rate
It ensures that the customers get a lower interest on the loan. To achieve this, they consider that maybe when the client applied for the little, the interest was high maybe due to the uncertainties in the sector. While he is still servicing the loan, the interest rate may fall and hence the need for the customer to also revise his interest rate. Thus by refinancing the loan she gets to pay the interest rate much lower than he could have done and hence save money.
– Get more money out
Refinancing also ensures that one gets more money. That is if maybe the loan you got given was undervalued due to some reasons then you get addition to cash from the Ignition Financial.
– Credit score improved
In the process of payment, your credit score will improve then you’ll be guaranteed to get more cash. It is important as one will effectively have his needs for the loan met.
Slash my payment plan also protects you by providing an affordable coverage option in case the vehicle requires expensive repair while paying the loan. Moreover, in the event of accident or car theft, the insurance company doesn’t pay you any other damage that may be caused by road hazards.