All Credit Accepted
Get Fast & Easy Financing
Regardless of Your Credit Situation

Glossary

Collateral:

Guarantee offered to obtain a loan. Collateral is any valuable asset which includes home, real estate, accounts receivable or any other asset.

Cosigner:

Any person who takes equal guarantee for the repayment of your loan.  Cosigner is usually required when the credit status of the applicant is not promising.

Down payment:

The amount of money which has to be deposited initially to bring down the cost of financing.
 
Equity:

The value of the asset deduced by subtracting the debts registered against the property from its market value.

Fixed rate:

A rate of interest that does not changed over the term of the loan or extension.

Loan term:

A time period within which the loan reaches its maturity. The full principal amount of the loan is to be repaid by the maturity date.

Secured loan:

A loan for which a guarantee is required for approval.

Blue book:

Is one of the standard reference used to find out the value of used vehicles. A blue book typically contains the whole sale value and retail value of each vehicle.

Unsecured loan:

A personal loan that is not secured by any assets.

Get Approved Today

Trusted Site Seal
Daily Auto Loan News
Current Application Status
  • Debbie B. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 07:13 pm
  • Luis S.'s auto loan application has just been processed.
    Dec 15, 2017 - 06:31 pm
  • Philip B.'s auto loan application has just been processed.
    Dec 15, 2017 - 06:32 pm
  • Ronnie B.'s bad credit auto loan application has been approved.
    Dec 15, 2017 - 06:49 pm
  • Ronald M. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 06:50 pm
  • Herbert J. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 06:59 pm
  • Stephen W. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 06:44 pm
  • Carole A.'s auto loan application has just been processed.
    Dec 15, 2017 - 06:09 pm
  • Gregory R. pre qualified for an auto loan with bad credit.
    Dec 15, 2017 - 07:00 pm
  • Rachel B.'s bad credit auto loan application has been approved.
    Dec 15, 2017 - 06:04 pm
  • Cathy N. has just submitted a car loan application.
    Dec 15, 2017 - 07:11 pm
  • Paige S. has pre qualified for a car loan.
    Dec 15, 2017 - 07:12 pm
  • Jeff K. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 07:22 pm
  • Renee W. pre qualified for an auto loan with bad credit.
    Dec 15, 2017 - 06:10 pm
  • Erin T. has pre qualified for a car loan.
    Dec 15, 2017 - 07:20 pm
  • Matthew F. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 06:35 pm
  • Harold S.'s bad credit auto loan application has been approved.
    Dec 15, 2017 - 05:36 pm
  • Lawrence S. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 05:41 pm
  • Bill R. has just been given a bad credit auto loan approval.
    Dec 15, 2017 - 06:09 pm
  • Eric S. has just qualified for a bad credit auto loan
    Dec 15, 2017 - 07:08 pm
Customer Feedback...
  • Member
    On On On On On

    I am now driving a used car that I just purchased and couldn’t be happier. You saved me so much frustration and leg-work. Way to go Universal Auto Loans.[...]

  • Member
    On On On On On

    I want to thank you for going above and beyond with your customer service. You guys are the best! Keep up the good work! I now have the auto loan that I needed thanks to you guys.[...]

More