Browsing Tag

loan amount

How Are Auto Loans Amortized?

Auto loans use simple interest, which means your auto loan balance determines your interest costs. An amortization schedule describes how your interest and principal is paid in a simple interest loan. Here's how simple…

What are they and how to fix them

Without even knowing it, you may have put yourself in a financially precarious situation: being upside down on your car credit.Perhaps you bought a new car without making a down payment. Or maybe you went for low and "easy" monthly…