There are both federal and state laws to protect you if you’re sold a car with serious mechanical issues, known as lemon laws.
A second mortgage or junior-lien is a loan you take out using your house as collateral while you still have another loan secured by your house.
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
If you’re struggling to make your monthly car payments, your auto lender may have assistance options, such as letting you defer payments for a couple months.
When a dealership advertises “no credit check” or “buy here, pay here,” they typically finance auto loans “in-house” to borrowers with no credit or poor credit.
Servicemembers face unique challenges in the financial marketplace. The CFPB is working to protect servicemembers and military families from costly auto loans and wrongful repossessions.
Shopping for the best deal on an auto loan will generally have little to no impact on your credit score(s). The benefit of shopping will far outweigh any impact on your credit.
Understand key terms related to auto loans in English.
The quicker you’re able to pay down the principal of your loan – or the amount of money you’re borrowing – the less interest you’ll have to pay.
Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans.
By taking some time to prepare, you can make sure you get the best loan for your situation. CFPB’s Know Before You Owe gives you information and tools to help you better understand your choices.
Hurricanes and severe storms can bring misery to a lot of people. We've all seen recent images of houses and cars submerged in water. Have you ever wondered...
We recently studied how auto title loans affect consumers. Read our blog to find out what we learned.
Repaying student loans? See tips for reducing debt, explore repayment plans, and learn about loan forgiveness programs. Explore your options to pay off education loans.
Precomputed interest results in the total interest due under the loan being calculated IMMEDIATELY.
The monthly payment includes all charges agreed to in the purchase contract, including the principal and the interest on your loan, and any optional add-ons.
This is the third episode of a three-episode “managing your student loans series,” which will discuss tips about managing postgraduate degree student loan repayment, budgeting, goal setting and more.
Today we announced how lenders can take steps to prevent discrimination in auto lending, but there are also steps that every consumer can take to make it...
Make sure the financing is final before you take the car home. A clause in many contracts allows the dealer to renegotiate the deal after you drive the car off the lot.
The CFPB filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.
