What is Negative Equity?
Equity is defined as the total value of an asset less the owed obligations. Individuals want equity in their assets to be positive because it means they will make money if they were to sell the asset. Sometimes individuals do not have the fortune of positive equity, instead, they have… Read More
What is an Auto Equity Loan?
An auto equity loan is essentially what it sounds like, it is a loan that uses the equity in your car as security. Auto equity loans are useful for borrowers with poor credit in need of fast cash. However, the ease of obtaining an auto equity loan does come at… Read More
What to Do if Your Car Loan is More Than Your Car is Worth
In our society, cars are a basic necessity, one that the vast majority of people want at their disposal so they can from point-A to point-B with relative ease. While walking, biking, and public transit may be an option, most drivers would rather the added convenience that comes… Read More