How Do Balance Transfers Work?

Man using calculator

If you’ve ever wondered “how do balance transfers work,” you’ve come to the right place! Many people have at least heard of balance transfers, but not everyone knows what the process entails. Aptly named, balance transfers are a solution designed for credit card debt, in which the debt you hold on a high-interest card(s) is […]

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How to Get a Personal Loan

businessman holding money

Most personal loans are unsecured, meaning they do not require any collateral such as your house or your car. Whether you’re consolidating debt, taking care of emergency expenses, or even funding a vacation, a personal loan can be a great option that won’t wreak havoc on your bank account. If you’re unsure how to get […]

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How Long Do Missed Payments Stay on Your Credit Report?

Credit cards

If you were late paying off credit card bills, auto loans, or other common payments in the past, you may be asking yourself “how long do missed payments stay on your credit report?” It’s scary to think about, but the truth is missed payments can remain on your credit report and visible on credit checks […]

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How Many Car Payments Can I Miss Before It’s Repossessed?

Vehicles on a dealer lot

We’re often asked the question “how many car payments can I miss before it’s repossessed?” by our patrons. Many people fear that all it takes is one missed payment, and while there are some institutions that may apply this rule, it’s far from typical. Generally speaking, it takes three or more missed payments before repossession […]

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What Does it Mean to Default on a Loan?

Calculator with money

When you take out a loan, you agree to repay that loan over a certain period of time. But things happen, and you may eventually find yourself missing payments. What does it mean to default on a loan? Loan default happens if your missed payments exceed the number that was agreed upon in your contract. […]

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How Long Does Bankruptcy Stay on Your Credit Report?

Bills

One of the most common questions surrounding bankruptcy is, “How long does bankruptcy stay on your credit report?” The amount of time you’ll wait depends on the type of bankruptcy you file. If you file Chapter 7, for example, it’ll remain on your credit report and appear on credit checks for 10 years from the […]

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How Do You Get a Car Back After Repossession?

Vehicles on a dealer lot

No one wants to lose their car. However, life happens — and whether you recently lost your job and fell behind on payments, or had a personal emergency, staying on top of bills can be difficult at the best of times. How do you get a car back after repossession? Provided you have the money, there […]

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What Happens When a Car is Repossessed?

Parked Cars

If you finance or lease a car, you don’t own it — at least not technically. If you stop making payments, the vehicle can be repossessed. What happens when a car gets repoed? The bank or leasing company takes the vehicle back from a borrower. This is done when on-time, in-full payments aren’t being made. […]

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What if I Can’t Make My Car Payment?

Car payment

If you’re a little short on funds, you may be worried about loan default and wondering, “What if I can’t make my car payment?” While your mind may immediately jump to the worst-case scenario, i.e. repossession or a missed payment on your credit report, there are steps you can take to resolve the situation. Although […]

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Can You Finance a Car With No Credit?

Car key and money

Yes, you can! Financing a car with no credit will be more challenging than if you had established credit, but it isn’t impossible. There are steps you can take to improve your chances of getting approved for an auto loan, so you can drive home in the car you need for reasonable rates and terms. […]

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