Monthly Archives: May 2016

What is an Auto Loan Prepayment Penalty?

When you set up a payment plan for the loan, the borrower and lender agree on a term of the loan. This means the loan will be paid off in a certain amount of months. The lender charges interest to the borrower, so the longer the term is the more interest the lender makes. That […]

Don’t Be a Delinquent: How to Avoid Auto Loan Delinquency

Bills tend to have a way of piling up, and paying everything on time can often be easier said than done. Delinquency on an auto loan is something to avoid because you will be charged a fee and you will risk your loan’s interest rate increasing. However, with a little planning, you can avoid being […]

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