Author Archives: yes4admin

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 […]

How to Get the Most Money for Your Trade-In

When you are looking for a new car you are probably also looking to trade-in your old one. Check out a few tips below to help you get the best deal for trading-in your vehicle! Do research – Before you go to a dealer, you should do some research online to see what your car […]

How to Protect Yourself Against Identity Theft

Identity theft is when a person steals your personal information. This is usually done to get access to and take from your financial accounts. It is a scary thought for someone to have access to all your financial documents and to steal your money and ruin your credit, so there are a few things you […]

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 […]

Auto Loans for Recent College Grads

Thinking of purchasing a new or used vehicle for yourself for a graduation gift? Buying a car by yourself for the first time can be intimidating. As a recent college graduate, you know that you need to do some research prior to making those big decisions. Obtaining an auto loan for a first car can be […]

Pros and Cons of Credit Cards

It seems like everyone has at least one credit card these days. Whether you have a credit card issued by your bank, another credit card company, or from a specific store for perks, it is important to consider the “pros and cons” before making the commitment. Simply applying for a credit card can affect your […]

Do I Need a Cosigner?

So you want to purchase or lease a car, but you have little to no credit, or your credit is not in the best shape. After you’ve shopped around for loans and asked professionals for their opinion on the matter, you may come to the realization that you should have a cosigner. There’s a reason […]

What are Payday Loans?

Payday loans are short-term cash advances that borrowers with low cash flow can take advantage of. The trick is to make sure you aren’t being taken advantage of. These types of loans are known to have extremely high interest rates; I’m talking 400% APR high.  Usually these loans are around $500 or less; however, they […]

What are Car Title Loans?

If you currently have poor credit and are seeking an auto loan, you may have come across something called a car title loan. Although they sound pretty great for those who have little to no credit, it’s important to educate yourself on what exactly goes into this type of auto loan.   What is it? A […]

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