Car
The best way to finance a car?
What is Cash?
Mortgage Companies
US Bank Mortgage, Chase Mortgage and Fifth Third Mortgage
Best loan for a college student
Subsidized loan
Very good (credit score)
What is, 740-799?
What do all loans have in common
What is, borrower gets a lump sum of money and pays it off over time plus interests?
What companies offer Vehicle loans
What are Banks, Insurance Companies and Credit Unions?
What do banks look for when applying for a loan
What is Credit Score 300 to 850?
Things to consider before applying for a loan
Your income, the amount you need ect...
670-739 credit score
Good
Loans are a form of
What is, Debt?
The normal time it takes to pay off a car
What is 3-5 years?
30 year fixed
5.952%
Things you need for a loan
Social Security
Credit score
What is, uses your credit report to make a number of your credit worthiness?
All loans have three components
What is, interests rate, security component and term?
Best car loan company as of 2022
PenFed Credit union
Lowest rate in history
2.68%
What to fill out for a loan
Fafsa
Credit Report
What is your credit behaviors and time you make payments?
The longer you have a good credit history
What is, the higher your credit score will be?
What is the Average car loan rate
4.85%
Will refinancing your home affect your credit score
It will, but can help out in the long run over the years
56% of people don't go to college
They can't afford to/be approve for a loan
Credit score is based on 5 key factors
What is Payment history, Credit utilization, Length of credit history, New credit and Credit mix?
The three main types of credit
What is, installment credit, revolving credit and open credit?