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
  • Julie B.'s auto loan application has just been processed.
    Oct 17, 2017 - 04:39 am
  • Jeanne N. has just submitted a car loan application.
    Oct 17, 2017 - 04:56 am
  • Carrie H.'s bad credit auto loan application has been approved.
    Oct 17, 2017 - 05:21 am
  • Laura F. has just been given a bad credit auto loan approval.
    Oct 17, 2017 - 04:29 am
  • Kelly W. has just submitted a car loan application.
    Oct 17, 2017 - 04:52 am
  • Tina B. has just qualified for a bad credit auto loan
    Oct 17, 2017 - 04:27 am
  • Cameron F.'s auto loan application is being processed.
    Oct 17, 2017 - 06:15 am
  • Allen H. has just submitted a car loan application.
    Oct 17, 2017 - 05:58 am
  • Shannon K. has just qualified for a bad credit auto loan
    Oct 17, 2017 - 04:31 am
  • Gayle R.'s auto loan application is being processed.
    Oct 17, 2017 - 06:16 am
  • Debbie P.'s auto loan application has just been processed.
    Oct 17, 2017 - 04:26 am
  • Leah M. has just been given a bad credit auto loan approval.
    Oct 17, 2017 - 05:00 am
  • Katie C. pre qualified for an auto loan with bad credit.
    Oct 17, 2017 - 06:00 am
  • Julia V. has just submitted a car loan application.
    Oct 17, 2017 - 05:53 am
  • Tamara R.'s bad credit auto loan application has been approved.
    Oct 17, 2017 - 04:29 am
  • Sheila H. has just qualified for a bad credit auto loan
    Oct 17, 2017 - 05:40 am
  • Kristina W. has just been given a bad credit auto loan approval.
    Oct 17, 2017 - 05:19 am
  • Alexander D.'s auto loan application has just been processed.
    Oct 17, 2017 - 05:55 am
  • Bernard B.'s bad credit auto loan application has been approved.
    Oct 17, 2017 - 04:58 am
  • Charles R.'s bad credit auto loan application has been approved.
    Oct 17, 2017 - 04:33 am
Customer Feedback...
  • Member
    On On On On On

    Your company certainly came through for me. I just purchased my first car without good credit and so did my friend. Thank you![...]

  • Member
    On On On On Off

    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[...]

More