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  2. 7 Risks You’re Taking by Not Having a Bank Account - AOL

    www.aol.com/finance/7-risks-taking-not-having...

    According to the FDIC, about 4.5% of U.S. households are "unbanked," as of 2021. While that's just a tiny percentage of the population, it represents nearly 6 million people living in households ...

  3. Title loan - Wikipedia

    en.wikipedia.org/wiki/Title_loan

    A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [ 2 ]

  4. Car Loan Debt Is Soaring — Here’s What You Should ... - AOL

    www.aol.com/finance/car-loan-debt-soaring...

    Nationwide, auto loan debt reached nearly $1.6 trillion in the third quarter of 2023, a $71 billion increase from the previous year, according to the Federal Reserve Bank of New York. Not only is ...

  5. 6 types of bad credit loans and their uses - AOL

    www.aol.com/finance/6-types-bad-credit-loans...

    Most car title loans come with short repayment periods between 15 and 30 days, and loan amounts generally start at $100. They are quick, but the ease of access comes at a price.

  6. Unbanked - Wikipedia

    en.wikipedia.org/wiki/Unbanked

    Both groups share low income as a common characteristic and lack the minimum balance required to open checking and savings accounts. [5] According to Congressman Rubén Hinojosa , half of the unbanked had a bank account previously but are choosing not to have an account and opting to using the services of check cashers and payday lenders instead.

  7. Buy here, pay here - Wikipedia

    en.wikipedia.org/wiki/Buy_here,_pay_here

    In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]