Monthly Archives: July 2016

What is a Debt-to-Income Ratio?

It just makes sense that you need to be making more money than you’re spending on bills, debts and loans, but how much more money do you need to make? And what does that look like? Along with a credit score, a debt-to-income ratio is a number you should know when looking at personal finances […]

What is Cross-Collateralization?

You may have run across the term cross-collateralization if you are looking for an auto loan with a credit union instead of a bank, but you may not be familiar with the term. What is cross-collateralization? And what do you need to know about it? Collateral in a loan is security for the lender. If […]

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