Category Archives: Auto Loans

Why Financial Terms are Important

Why are financial terms important? Have you ever signed a contract and did not read the contract fully before you signed it? Here is another scenario, have you ever read over a financial contract and did not know what the words meant? Financial terms can be confusing, especially if you do not know what the […]

The Process of Buying a Car

It’s time to get a new car. Now what? Buying a car may seem like a straightforward process, but there are some steps you don’t want to forget. Narrow in on the Type of Vehicle You Want Do you need a car or an SUV? Do you want a truck or a minivan? This is […]

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 […]

Four Benefits of Installment Loans

Installment loans are loans that are to be paid back over a set duration of time with a pre-determined interest rate. Think of this type of loan as a personalized payment plan to pay back your long-term loan. Examples of installment loans are a mortgage on a house and an auto loan. Below is a […]

Auto Loan Basics

If it’s your first time buying or leasing a vehicle, shopping for an auto loan can be a mess of confusion. What goes into choosing a loan that’s right for you? How are interest rates figured? What are lenders looking for? These are the basic questions that you should have answered before shopping for auto […]

Finding an Auto Loan after Bankruptcy

You may think that because of your financial situation you may not be able to obtain an auto loan. Fortunately, there are credit unions out there like Louisiana Approval who are willing to work with you whether you have an outstanding financial background or not. We’re here to tell you that if you recently filed […]

Advantages of a Cosigner

There are many advantages for borrowers to having a cosigner on their loan. Here are some of the most important: Qualification: A huge advantage of having a cosigner in many cases is that the borrower would not qualify for the car loan in question without the cosigner’s help. Lower interest rates: The interest rates charged […]

What is an Auto Loan Prepayment Penalty?

When setting up a payment plan, the borrower and the lender agree upon a plan where the borrower agrees to pay off the loan in a certain amount of months. Sometimes the borrower is able to pay off the loan in a shorter amount of time, which is a disadvantage for the lender, because they […]

Debt Consolidation Loans

You don’t have to be overwhelmed with debt. Consider a debt consolidation loan. What is a debt consolidation loan? This type of loan consists of transferring multiple debts into a single new loan. This refinancing allows you take out a single loan to pay off your previous debts and also help return your finances to […]

What If I Can’t Make My Car Payments?

Sometimes life can be unpredictable and you might find yourself in a situation where you have trouble meeting your monthly car payments. Failing to make your monthly payments can result in a costly repossession.   It can be a scary time, but there are some things you can do that can save you from repossession and […]