An auto loan or lease is a great way to get behind the wheel without emptying your savings. But if you can no longer afford your monthly payments or are on the verge of becoming upside–down on your loan, there are ways out.You could renegotiate or refinance your loan, or sell the ...
If you decide to stop payments towards a debt you should know the limitations, but also what are the consequences of not paying the debt. Every type of debt is different (mortgage, credit card, auto loan, personal loan, student loan, child support, alimony, back taxes, etc). If the ...
Everyone wants to figure out the best way to get rid of student loan debt. Eliminate it. Make it go away. The hard part of dealing with student loan debt isn't making payments on it. The hard part is navigating the complex world that is the student loan repayment system. There are mu...
How to Get Rid of Private Student Loans: 4 Extra Tricks Servicers Won't Tell You #1 – Cut a Quarter Point Off Your Interest All student loan servicers are required to offer their borrowers a quarter-point discount off their loan rate for enrolling in auto-pay. That is when you have ...
MIP is required for the life of the loan if the down payment is less than 10%. If your down payment is at least 10% or more, MIP goes away after 11 years. How to get rid of PMI There are various ways to get rid of PMI. Below are a few different approaches on how to get ...
Video of the Day As with any other auto loan, a lien against your car from the title company has to be satisfied before you can sell it. If you can't pay off the lien beforehand, you'll do so at the same time as the sale takes place and arrange for the delivery of a clean tit...
There are many different types of liens, to secure many types of loans with collateral. Here are the most common liens you’ll likely see. Vehicle Lien If you’ve ever taken out an auto loan to buy a car or truck, you have firsthand experience with a vehicle lien. ...
Auto lenders repossess vehicles and auction the cars to recover their losses. You're responsible for the difference between the sale proceeds and the outstanding loan debt. Repossessions can appear on credit reports as unpaid, charged-off, settled, or delinquent and in collection, depending on ho...
If you are ready to get rid of your unwanted vehicle and take out a new auto loan, you might first think of selling or trading in your old car. But it is not your only option. Instead, consider donating your vehicle to a charity, which can help your community and might even result ...
How can people get rid of their student loan debt and when is loan forgiveness an option? Statistics show how deep in student loan debt U.S. college graduates are and the sums can be alarming to individual borrowers. Fortunately, students may be able to take advantage of income-based repaym...