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.
-
How To Apply For Auto Financing Online
February 18, 2012
Applying for auto financing online is a simple matter. In fact, it is so simple and easy that more and Read More
-
Getting A Good Auto Financing Deal
February 17, 2012
Many individuals do not completely understand auto financing. This makes it easy for dealerships and loan inst Read More
- Ross B. pre qualified for an auto loan with bad credit.
May 17, 2012 - 01:01 am - Colleen D.'s auto loan application has just been processed.
May 17, 2012 - 01:07 am - Danielle S.'s bad credit auto loan application has been approved.
May 17, 2012 - 12:41 am - Neal B. has just submitted a car loan application.
May 17, 2012 - 01:09 am - Grace C. has just been given a bad credit auto loan approval.
May 17, 2012 - 02:25 am - Wayne O. has just submitted a car loan application.
May 17, 2012 - 02:14 am - Sherry O.'s bad credit auto loan application has been approved.
May 17, 2012 - 12:45 am - Glenda Z. has just been given a bad credit auto loan approval.
May 17, 2012 - 01:48 am - Joel B.'s auto loan application is being processed.
May 17, 2012 - 01:21 am - Randall C.'s auto loan application has just been processed.
May 17, 2012 - 01:56 am - Kent R.'s auto loan application is being processed.
May 17, 2012 - 02:24 am - Mike B. pre qualified for an auto loan with bad credit.
May 17, 2012 - 02:36 am - Lindsay Y. has just submitted a car loan application.
May 17, 2012 - 01:27 am - Joy D. has just been given a bad credit auto loan approval.
May 17, 2012 - 02:07 am - Paul C.'s bad credit auto loan application has been approved.
May 17, 2012 - 02:03 am - Rick H.'s auto loan application has just been processed.
May 17, 2012 - 02:36 am - Carl M.'s auto loan application is being processed.
May 17, 2012 - 01:22 am - Elisabeth B.'s bad credit auto loan application has been approved.
May 17, 2012 - 01:10 am - Paige H.'s auto loan application has just been processed.
May 17, 2012 - 12:47 am - Eileen D. has just qualified for a bad credit auto loan
May 17, 2012 - 12:53 am
-
I would just like to express my deepest gratitude to everyone there at Universal Auto Loans who took the time to review my auto loan application and respond so quickly. That shows that you really care[...]
-
I was very astonished with how hard everyone at Universal Auto Loans worked on my behalf and the short amount of time it took to get me auto financing. Thanks.[...]
