 TITLE: What Happens if You Can’t Pay Your Car Insurance Deductible? CONTENT: Consider Taking Out a Loan to Pay Your Deductible\n-------------------------------------------------\nIf the damage on your car needs to be repaired ASAP, you could consider taking a loan to cover your deductible. Whether through a personal loan, cash advance on your credit card or some other form of credit, borrowing could help you get your car back on the road more quickly.\nGoing through an online-only lender, for example, could allow you to complete the entire process of getting a personal loan entirely from your phone or computer. Funding for many of these loans can come as quickly as one or two days after approval, which could help you get the ball rolling on repairs.\nWhen looking over your borrowing options, be sure to consider the interest you'll pay on the loan. A high-interest loan can make borrowing to cover a deductible a much more expensive endeavor. Get preapproval through multiple lenders to see which one can offer you the best terms and the lowest interest rate before you borrow. Experian CreditMatch™ can help you do this. Even a low-interest loan will cost you interest, though, but it's likely to be worth it if you need your car for work or school. END