Purchasing a car typically means taking out a car loan. If you’re in the market for a new vehicle, you’ve probably spent a lot of time researching car options, but do you have a good understanding of how car loans work? When you take out a car loan from a financial institution, ...
Car Loans: Do Your HomeworkRead the full-text online article and more details about "Car Loans: Do Your Homework" - Tweed Daily News (Tweed Heads, Australia), July 7, 2012
Missing loan payments can have serious consequences. “Lenders charge late fees on missed payments,” Yen says. “They can also apply penalty interest to the unpaid installment. Your credit score will be affected, and you may face legal action.” While some lenders may offer options like deferm...
The financial industry is heavily regulated, and advisors have specific tasks that must be completed on a timely basis. They have compliance activities associated at both the federal and state level, as well as their professional designation boards. Regulations change frequently, and often there is ...
Consider a buy here, pay here dealership.Offeringsecond-chance car loans, these dealerships should only be used if you cannot secure financing anywhere else. Outside of high rates, there will likely be high fees. Bottom line While your credit score serves as an important indicator for lenders...
You can look for subprime lenders who will accommodate your credit score, but they’ll likely have additional fees and much higher interest rates for your car purchase. Bad credit auto financing can be hard to find but it’s out there. You might stand a better cha...
Installment loans allow you to borrow an approved amount of money, disbursed in a lump sum. They can be repaid over a set period ranging from a few weeks for a product like a payday loan or BNPL plan to 30 years for products like mortgages. Typically, these loans have a fixed interest...
People experienced work-life balance in a new way during the pandemic – they have a taste for it and they want more," he adds. The Soft Saving Dilemma The dilemma we all face is how to balance living in the present with preparing for the future. Traditional financial advice leans ...
Do I have to pay taxes on a gift? As the recipient of the gift, you generally do not have to pay the gift tax. The person who does the gifting will file thegift tax return, if necessary, and pay any gift tax due. If the donor does not pay the gift tax, the IRS may try to...
If you have a credit monitoring service, you’ll be quickly alerted to any suspicious activity or loans taken out in your name. Otherwise, the biggest red flags are a decrease in your credit score, calls from collection agencies, or receiving strange bills for accounts you don’t recognize....