The Average New Car Loan Payment Is $499

Auto Loans

The Average New Car Loan Payment Is $499

The Average New Car Loan Payment Is $499

New car loans continue to set all kinds of records — average monthly payments are now essentially $500 — and a long-feared subprime lending bubble has yet to show signs of popping. But suddenly slumping auto sales raise plenty of questions about the overall health of the car sales market. The car loan market expansion... Read More

Getting Out of Debt Saved Our Marriage

Managing Debt

Getting Out of Debt Saved Our Marriage

Getting Out of Debt Saved Our Marriage

When Ellie Kay married her husband, Bob, over two decades ago she knew she was marrying a hard-working fighter pilot. “I was starry-eyed,” she says. What she didn’t know was that he was carrying about $40,000 in unsecured debt. Bob had been divorced and had two children. When his first marriage dissolved, he took on... Read More

Volvos: The Car of Choice for the Credit Elite

Credit Score

Volvos: The Car of Choice for the Credit Elite

Volvos: The Car of Choice for the Credit Elite

When it comes to buying cars, it should come as no surprise that pricier vehicles tend to be favored by those who have high credit scores, and new research suggests just how much a vehicle’s price tag plays into the buyer’s ability to obtain financing for it. Generally expensive cars come with significant credit qualifications... Read More

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