...co-signing a loan, you are legally obligated to repay the loan if the primary...equally responsible for ensuring the loan is paid back. If the primary borrower...borrower doesn’t make their monthly loan payment, you will be asked to make the payment
...let deceptive car ads mislead you when it comes to trading in a car....probably heard radio and television ads for car dealerships that go something like:...your old car. Behind on your payments? No problem, we’ll pay off your loan no matter
When comparing auto loan offers, look at the annual percentage rate, the interest...interest rate, the length of the loan, and the total amount financed....When you’re shopping for any loan, it’s important to look at several options...over the life of your loan. For example, a longer loan term may mean smaller
...your existing loan into your new auto loan could make your new loan more expensive...Trading in a car generally helps you reduce how much you’ll need to borrow when...have a balance on your current auto loan, you may be encouraged to roll your
...second mortgage or junior-lien is a loan you take out using your house as collateral...collateral while you still have another loan secured by your house....Home equity loans and home equity lines of credit (HELOCs) are common examples...mortgage loans are “closed-end” (in which you receive the entire loan amount upfront
...send you a welcome letter with your car loan information. If you financed directly...financial institution loaning you money for your auto loan. Your servicer is responsible...managing your loan, including collecting your monthly payments. In auto loans, most
...payments to get back your repossessed car, and you might also have the opportunity...without a court order for any auto loan contracts or agreements you entered...to have belongings stored in their cars when they’re repossessed. Contact your
...military families from costly auto loans and wrongful repossessions....bases in the country, you’ll likely see car dealerships lining both sides of the...servicemembers tend to take out auto loans soon after joining the military and
...here,” they typically finance auto loans “in-house” to borrowers with no credit...for a car, there are a number of ways that you can finance an auto loan. You...finances the loan in-house. What is a “no credit check” dealer or loan “No credit
...determine whether you can pay off your auto loan early....auto loans are generally used to discourage you from paying off your loan early...interest a lender collects on your loan. As a result, your lender may include
Understand key terms related to auto loans in English....Cash Value (ACV) is the value of the car according to widely recognized independent...gradually paying off your auto loan. In an amortizing loan, for each of your monthly
Shopping for the best deal on an auto loan will generally have little to no impact...In some cases, applying for multiple loans over a long period of time can impact...different types of loans, such as a mortgage loan and an auto loan, will count as
The base price of a car generally doesn’t include optional add-on products and...will make up the total cost of your car....people with high credit scores or to loans with shorter terms. While it’s tempting...pay for the car, as well as what you pay over the life of your loan. For example
We recently studied how auto title loans affect consumers. Read our blog to...Auto title loans, also known as vehicle title loans, are high-cost, small-dollar...small-dollar loans in which borrowers let a lender hold the title to their car, truck
...you’re struggling to make your monthly car payments, your auto lender may have...Most consumers rely on cars to function in their everyday lives: commuting to...emergency, or car repair—could cause you to fall behind on your auto loan payments
...compare insurance options before buying a car or vehicle. You may encounter a variety...automobile insurance before you shop for a car or vehicle. You should compare coverages...to you in the overall cost of your loan or may appear as a separately itemized
...able to pay down the principal of your loan – or the amount of money you’re borrowing...principal. When paying down an auto loan, your monthly payment generally will...applied to the principal balance of your loan. Ultimately, the more you’re able to
...in the total interest due under the loan being calculated IMMEDIATELY....calculating interest payments for your auto loan. It benefits the lender if you pay more...month or pay off your loan early. If you plan to pay your loan off early, you want
If you are behind on your auto loan payments, it’s important to take steps to...making your car payment, you’re not alone. According to trends in auto loan repayment...at least 90 days late on their auto loan payments near the end of 2016. Talk
...cramming markup fees into borrowers’ loan balances....about the terms and costs of their loans, misrepresenting the energy savings...borrowers’ loan balances. The report describes how fees often increase loan costs
