People always say it seems like they will always have a car payment. A car payment is not always a necessary evil – in fact, it is very possible to not have a car payment – like ever again. My husband and I have gotten auto loans for every car we’ve ever purchased. We’ve always… Read More Never Have I Ever
Did you know the average car payment is about $500 month? That the average car loan is for $30,000? And the average loan term is over 5 years? Those statistics can easily be found online but those figures are pretty disconcerting. There are many (MANY) articles (not even kidding – Google it) that suggest that… Read More Auto financing 101
My first job was at a local credit union and I worked in a small satellite office. I was just a teller but I do remember my manager telling me about a girl who had applied for an auto loan and when she was driving off the lot with her brand new car she was… Read More Standing in the GAP
When I worked as a loan officer, there were a number of different factors I had to take into account before I could give someone a loan. I not only had to look at their credit report or their FICO score, I had to look at their full financial picture. How much money did they… Read More Why is it important to have your Credit in order?
There are 44.2 million Americans with student loan debt. Unbelievable, right? I, thankfully, graduated with very little debt for my 4 year out-of-state private college. I had $15000 in Federal student loans and I was able to consolidate them into an extremely low rate (like under 5%) for 15 years as soon as I graduated. My… Read More Are student loans worth it?