Installment loans give you something even more valuable than money — time. These loans give you a lump sum of cash and let you pay down your debt in regular, scheduled installments. But if you have bad credit, the peace of mind that comes with installment loans may seem out of reach. Fortunately, lenders exist
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical
According to Moody’s Analytics, monthly auto loan payments for vehicles increased about 40% from pre-pandemic levels. Where is this increase coming from? iSeeCars.com Executive Analyst Karl Brauer joins Wealth! to give insight into the inflation of monthly payments for auto loans and the impact it has on consumers: “So automakers believe it or not, have
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. And the pressures, as noted in the most recent Federal Reserve survey of loan officers through the “Senior Loan Officer Opinion Survey on Bank Lending Practices,” have impacted all manner of loan types, spanning commercial and