What is a Good Interest Rate for a Car Loan?

Car key and money

If your Michigan driving experience is in need of an upgrade and you’re shopping for a new or used car, you may at some point wonder what is a good interest rate for a car loan. Depending on your credit score, what is considered to be a good interest rate will vary. Get help determining […]

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How to Buy a New Car

Parked Cars

Is it time you started searching for a new car you can rely on to get you to and from work in Michigan? This should be an exciting time, but it may not feel that way to you. With so many options available, it can be stressful to find a model that is well-suited to […]

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What’s the Difference Between Simple and Compound Interest?

Calculator with money

Whether you’re applying for a personal loan, auto loan, mortgage, etc., there is one common denominator: As a borrower, you will have to pay interest (on top of your monthly payments). You can think of interest as the cost of borrowing money. It can be simple or compounded, leading many to wonder, what is the […]

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How to Find Interest on a Loan

Man using calculator

If you’re planning to apply for a loan, you will need to be sure that you’re financially prepared to pay back not just the total amount borrowed, but also your accrued interest. As such, when it comes time to choose a lender and sign the dotted line, you will want to go with an option […]

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Can You Repay a Loan Early?

money

Much of the time, yes, borrowers have the option of paying off their loan early if they wish. However, in addition to asking “Can you repay a loan early?” it’s important to also ask “Should you repay a loan early?” While certainly no one would scoff at your good intentions of wanting to pay off […]

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How Much Money Should You Spend on a Wedding Ring?

wedding rings

If you’re preparing to tie the knot with your significant other, you’ve probably wondered, how much should you spend on a wedding ring? You may feel pressured by societal standards to shell out big-time on a ring, but at the end of the day, it’s what the ring symbolizes that is far more important than […]

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What is Total Gross Annual Income?

tax returns

Feeling confused as to what is total gross annual income? You’re not alone. We get questions about this topic frequently at Xpress Cash, and the answer is pretty simple! Total gross annual income is the total amount of money an individual earns from all sources in a one-year period before taxes. When you’re filing your […]

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How Much of Your Income Should You Save?

Woman Putting Coin In Piggy Bank

Once you begin to earn a stable income, you should eventually be wondering, how much of your income should you save? Most financial experts recommend that ideally, 20 percent of your income should go to savings. Below, the team at Xpress Cash will break that number down to show you where to assign those savings […]

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What Happens If You Lie on Your Loan Application?

Filling out an application

If you’re facing financial hardship and need to take out a loan for help, you might be considering bluffing on your application. Lying about income on a loan application is the most common aspect for applicants to forge. You might be thinking something along the lines of “It’s only a white lie, what could go […]

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How to Verify Income for a Loan

In order to get approved for a personal loan, lenders need to know that you’ll be able to repay it. As such, they’ll want to review various aspects of your financial situation, including your income. Loan applicants will be asked to provide income verification in the form of certain financial documents, including paycheck stubs, bank […]

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