Why You Should Think Twice Before Settling on a Long Auto Loan

Auto loans are getting longer and longer. Just a decade ago, a five year auto loan was unusually long; now, six and seven-year loans are becoming more popular, with nearly a quarter of all new loans using these new, longer terms. But while they’re tempting, they’re not for everybody, and customers should think carefully before they sign. Long-Term Loans, Short-Term Thinking Longer terms are popular because they cut down your overall monthly payment....

How To Overcome the Stress of Student Loan Debt

It’s easy to feel financially stuck in a cycle of debt when you have a huge outstanding student loan balance. From 2004 to 2014, student loan debt increased by 56% with the average American student now owing over $28,000. For some, that amount is even much larger. For example, attending a private undergraduate university or continuing onto graduate school can easily set you back almost six-figures in student loans. When you make a big purchase or when...

4 Huge Reasons Auto Loans Just Make Sense

Personal finance experts claim when it comes to purchasing a vehicle, cash is the best way to go. Their reasoning is that by using cash, consumers do not pay any interest, and this results in getting the most for their hard-earned dollars. Buying a car with cash sounds like great advice in theory, but when it comes to real-life situations, it’s not always practical. Life is full of other needs and expenses that eat up the family budget. Cars are a part...