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Lending institutions understand that financial setbacks can happen. If you think you’re about to miss a payment on your auto loan, it’s best to contact your lender right away. There may be options, including deferment, that help you pause payments and avoid default. This is especially true now, given...

Rising costs of living, such as higher gas and grocery prices, along with economic uncertainty and the dismantling of federal government programs, are putting added pressure on Americans already facing financial insecurity. As a result, Americans are accruing more debt and turning to risky financial...

If you need to buy a car and have bad credit, securing an auto loan might seem like a far-fetched idea. While the best approach for getting a loan is to work on building up your credit and saving enough for a substantial down payment, there are times when life and finances don’t exactly align, and...

Medical expenses can spiral out of control, even with insurance. Surprise bills can quickly add up, and if you fall behind on payments, unpaid balances could end up in collections, potentially damaging your credit score. Here’s what to know about medical debt, its impact on your credit, and your ability...

You typically can't finance a rebuilt or salvage title car because lenders often require any vehicle you're taking out an auto loan for to have a clean title...

Having less-than-stellar credit can complicate the car-buying process. Getting approved for a traditional auto loan with a low credit score can seem nearly impossible. However, a variety of financing options exist for bad credit borrowers, and many are using alternative tools that offer flexible, short-term...

Pre-qualifying for an auto loan isn't like getting a pre-approval. Both can be a big help upfront, though getting pre-approval with damaged credit may be more difficult than you anticipate. Pre-approval gives you a direct loan from a bank, credit union, or online lender that you can take to the dealership...

The minimum car loan income requirements you need to meet in order to qualify for an auto loan vary by lender, so there is no set amount. However, it's said that you should have a minimum income of between $1,500 and $2,500 a month if you hope to secure an auto loan, especially if you have bad credit...