Automotive Loan

Guide

Achieve Financial Literacy!

April is National Financial Literacy Month, but Flash your Skills Year-Round

April is National Financial Literacy Month. Why do we dedicate this calendar page to highlighting financial skills and education? The tax de...

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Banking Home Purchase Loan Budgeting Borrowing

Guide

How To Get Out From An Underwater Car Loan

What to Do When Your Car Is Worth Less Than You Owe

Few things are more satisfying than driving your brand-new car – until you realize that it lost value immediately after you left the dealers...

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Credit Rating Automotive Loan Borrowing

News

Your Car Reveals Your Credit Score

New Survey Shows Average Credit Scores Per Model

It seems obvious. If you drive an expensive car, you must have an excellent credit score – but that's not always the case. Credit scores ...

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Credit Rating Borrowing Automotive Loan

News

Young Seniors Have High Non-Mortgage Debt

65-70-year-olds in San Antonio, Texas, have the highest median Non-Mortgage Debt

Written by Sandra Parsons
MoneyTips Contributor

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Borrowing Personal Loans & Lines of Credit Investing & Retiring Retirement

Q&A

Asked by Trina

What’s the best way to get out of an upside down car loan?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

Being upside down refers to the amount of value in the automobile as compared to the balance on the loan. One thing you can do is try and refinance the loan to a lower...

Credit Rating Borrowing Automotive Loan

Q&A

Asked by Gina

Is financing a car a good way to raise my credit score?

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Answers 3

Answered by Chad Freeman PRO+
Branch Manager in Bethesda, MD

Hi Gina: I can give you the answer from the perspective of a mortgage loan originator - Generally speaking, anytime you utilize credit and you pay that credit withi...

Credit Rating Borrowing Automotive Loan

Guide

Seniors With RV Payments They Can't Afford

Discover your options if you can no longer afford your Recreational Vehicle Loan

By Eric Olsen, Executive Director, HELPS Nonprofit Law Firm Recreational Vehicle (RV) loans last typically for 10-15 years and sometime...

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Delinquency, Foreclosure & Eviction Borrowing Retirement Automotive Loan

Guide

Pros And Cons Of Paying Off Loans Early

How Early Payoffs Affect Your Credit Score

It's always best to pay off a loan as soon as you can, isn't it? Not necessarily. There are several reasons you may not want to pay off your...

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Credit Rating Borrowing Automotive Loan Credit Cards

Q&A

Asked by Jackie

Is it better to buy or lease a car? Which is better from a financial standpoint?

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Answers 1

Answered by MoneyTips Writing Staff
Financial Adviser in Los Angeles, CA

Whether to lease or buy a car depends on your personal financial situation and goals. Check out Everything You Need to Know About Leasing a Car for great insights into...

Borrowing Automotive Loan

Q&A

Asked by robert blair

Does the interest rate differ based on how much the loan is for?

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Answers 1

Answered by Ted Rood PRO+
Mortgage Professional in Maryland Heights, MO

Loan sizes do influence mortgage pricing, but only marginally, and seldom enough to change the rate. For example, many lenders have surcharges on loans under $50,000....

Home Purchase Loan Mortgage Refinance Borrowing Personal Loans & Lines of Credit Automotive Loan