The number of people with serious delinquencies on auto loans is 1 million more than when Americans were recovering from the Great Recession.
Auto loans are like the modern automobile, a complicated machine with lots of moving parts and hidden components. However, it's likely there are more people who understand the basics of car maintenance than auto finance.
Let's play a little word-association game. What comes to mind when you hear the word "refinance"? If you answered "mortgages," you're not alone.
They were joined by 244 Republicans. America!
It's hard to beat car dealers and banks on Capitol Hill.
"They would prefer the CFPB ignore this particular injustice."
Why go through the trouble of getting a car loan from a bank or credit union, rather than just getting it through the dealership? It's certainly easier to let the dealership handle the financing for you, but by doing so you may be conceding too much. Here are five reasons to have your car loan ready before buying.
You can't control whether or not they pay their loan and pay on time. You have the potential to get into debt or deeper into debt. Plus, you risk lowering your credit and FICO scores.
All loans are not created equal, and in recent years the personal loan has become a great option for people to use. However, you might be wondering just what makes a personal loan different from a traditional loan from your bank.
DriveTime would repeatedly call customers who fell behind for payments, according to the CFPB settlement. Where the company