Secured Loans

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What Does Out-the-Door Price Mean?

If you’ve ever seen a car window sticker at the dealership then paid a different price for the car, you know how confusing car prices can be. What are you paying for? And what’s the price to drive off the lot? 🚙 💨 Since you’re asking, the price to drive off the lot is called...

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How To Trade in a Car When You’re Still Paying Off the Loan

When you take out a car loan, you usually hope to pay it off and then continue to drive the car around for a little longer. But sometimes, that isn’t possible.  Whether it’s because your life or your finances changed, you may need to trade in your car while you’re still paying off the car’s...

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Loan Value of My Car: 3 Tips To Determine Used Car Value

Whether you’re in the car buying process, looking to get an auto loan or want to refinance your current auto loan, one factor that goes into a lender’s approval is your vehicle’s loan-to-value (LTV) ratio. You can calculate your car loan’s LTV with a simple formula, but you’ll need to determine the car’s value first....

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Crypto Loans: What Is Crypto Lending and How Does It Work?

Spoiler alert: All investments carry some degree of risk, including the latest currency to take the financial world by storm: cryptocurrency – also known as crypto.  Articles and online forums are loaded with whiplash-inducing news of crypto billionaires alongside reports warning us of a crypto crash. It can be difficult to decide whether to invest...

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What Is Collateral?

When you need money from a lender, you can get one of two loan types: secured and unsecured. A secured loan uses a pledge of collateral and an unsecured loan does not. When using collateral to secure a loan, you run the risk of losing the asset if you cannot repay the loan. If you...

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How To Remove a Co-Signer From an Auto Loan

Being a co-signer on an auto loan (or any loan, for that matter) is a big decision. It’s a service that can feel very rewarding, which is why co-signers are typically trusted friends or family. But it also comes with financial risk. If the principal borrower experiences money troubles – a job loss, a drop...

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How Many Personal Loans Can You Have at Once?

Personal loans are one the most flexible types of loans. The money can be used for anything from emergency expenses to home renovations. But if you already have one, you may be wondering if you can take out another. The short answer is yes, you can take out more than one personal loan. In this...

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How To Get an Auto Loan With No Credit

Whether you’re buying your first car or looking for an upgrade, you may need an auto loan to get behind the wheel. A lender will use a borrower’s credit history and credit scores to determine how reliable they are at repaying debt. Without that history, it’s harder for lenders to determine creditworthiness. However, lenders can...

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What Happens When You Default on a Loan?

You’re running a 5,000-meter repayment race. You trip and suddenly start to feel yourself falling. Defaulting on a loan can feel a lot like this. One day you’re running along, making regular payments on your loan, and the next day you’re stumbling over late or missed payments. Unfortunately, no one is immune to the occasional...

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Woman getting out of car.

How To Calculate an Auto Loan Payment

You’re ready to buy a car. Whether it’s a new car or a used car, unless you’re planning to pay for the car upfront, you’ll probably need an auto loan.  You can get an auto loan from the dealership or from a bank, but when you take out an auto loan, you’re committing to an...

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How To Get Student Loans Out of Default

Federal student loans are one of the most accessible ways to fund an education. But that doesn’t mean making those monthly payments after graduation will be easy. It’s important to stay on top of your payments because even a single missed payment can hurt your credit score. This can make it harder for future you...

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How To Pay Off Your Business Debt QUICK

Financing can help your business grow and help you reach the goals you’ve set for your business. But it’s important to know what kind of debt is helpful and how it can impact your business, especially when you’re trying to climb out from under already existing debt. Our guide will clarify the difference between good...

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