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  2. How to get a car loan with bad credit - AOL

    www.aol.com/finance/car-loan-bad-credit...

    Before applying for an auto loan, avoid opening new credit cards or loans. Making efforts to repair your credit score before you begin shopping will put you in a more favorable position with ...

  3. Wells Fargo - Wikipedia

    en.wikipedia.org/wiki/Wells_Fargo

    Bloomberg L.P. reported in March 2022 that Wells Fargo was the only major lender in 2020 to reject more home refinance applications from Black applicants than it approved. [ 110 ] In December 2022, the U.S. levied a $3.7 billion loan-management fine upon Wells Fargo.

  4. What is a bad credit auto loan?

    www.aol.com/finance/bad-credit-auto-loan...

    A bad credit auto loan is a car financing solution tailored to drivers with lower credit scores — typically, below 580. It’s important to avoid costly but common bad credit auto loan pitfalls ...

  5. Alternative financial services in the United States - Wikipedia

    en.wikipedia.org/wiki/Alternative_financial...

    For example, a customer could refinance $10,000 worth of auto loan debt at 7 percent interest into a home equity loan at 18 percent interest. Because the auto loan would have to be paid off in 5 years while the home equity loan would have a 20-year repayment plan, the required monthly payments for the customer would be lower even though the ...

  6. Car Repossessions on the Rise — Are You in Danger of ... - AOL

    www.aol.com/finance/car-repossessions-rise...

    The new car loan rate for September was 7.4% compared to the average rate of 6.9% at the beginning of 2023. The percentage of car owners that pay at least $1,000 a month jumped to 17.1% in the ...

  7. Asset-based lending - Wikipedia

    en.wikipedia.org/wiki/Asset-based_lending

    Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans.

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