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Your credit score is the key to unlocking an auto loan, especially if you have bad credit. It’s essential to monitor your score regularly and understand what factors are impacting it. Take steps to improve your score by paying bills on time, reducing debt, and correcting any errors on your credit report. Knowledge is power – the more you know about your credit, the better you can manage it! https://lnkd.in/gNNiEmAD CALL TOLL FREE 1-877-871-2400 #CreditScore #FinancialAwareness #AutoLoans #CreditReport

Personal loans in the U.S. have reached historic highs in terms of interest rates, balances, and the number of loans. Over 23 million Americans currently hold unsecured personal loans, at an average balance of nearly $12,000. The average personal loan interest rate rose to 12.35% in Q1 2024, nearly 3% higher than three years ago. After a dip during the early COVID-19 pandemic, personal loan debt reached over $230 billion by June 2023, a 46% increase from March 2020 and 59% higher than June 2021, which has since come down to just under $150 billion by March 2024. Sources: https://lnkd.in/gziT68sT https://lnkd.in/e9HzngVG https://lnkd.in/ejgGivn #InvestmentBanking #MiddleMarket #Finance #MergersAndAcquisitions #PrivateEquity #CapitalRaising #Automotive #AutoIndustry #Automakers #AutoProduction #ConsumerFinace #PersonalLoans #InterestRate #Prime #Subprime

Personal loans in the U.S. have reached historic highs in terms of interest rates, balances, and the number of loans. Over 23 million Americans currently hold unsecured personal loans, at an average balance of nearly $12,000. The average personal loan interest rate rose to 12.35% in Q1 2024, nearly 3% higher than three years ago. After a dip during the early COVID-19 pandemic, personal loan debt reached over $230 billion by June 2023, a 46% increase from March 2020 and 59% higher than June 2021, which has since come down to just under $150 billion by March 2024. Sources: https://lnkd.in/gziT68sT https://lnkd.in/e9HzngVG https://lnkd.in/ejgGivn #InvestmentBanking #MiddleMarket #Finance #MergersAndAcquisitions #PrivateEquity #CapitalRaising #Automotive #AutoIndustry #Automakers #AutoProduction #ConsumerFinace #PersonalLoans #InterestRate #Prime #Subprime

Shift your new car plans into gear with a #FreeThinking loan. Even if your situation is a little complicated, I can find a lending solution to help you #GetFinancial. Find out more: https://bit.ly/4aD8lkR

In our recent issue of the Auto Lending Industry Trends and Insights report, we discovered exactly how popular #CreditUnions are for auto loan financing. Credit Unions, learn how these helpful #insights can guide your #auto lending strategies and grow member relationships. https://bit.ly/3UCOdKE

As noted for revolving consumer credit some months ago on this page, the pace of issuance of Commercial & Industrial loans (blue) as well as auto loans, (red) has slowed meaningfully in the past year. H/T Conor Sen #credit #economy #Fed

🚗 U.S. auto loan debt has topped $1.6 trillion. As economic challenges persist, auto lenders face rising delinquencies and repossessions. Our latest blog explores effective strategies for managing these issues, including advanced collection techniques. 👉 Discover key strategies for auto lenders: https://lnkd.in/gjqduBZ7 #AutoLoans #FinancialServices #RiskManagement

Fully Amortizing Loans: 🔑 Fully Amortizing Loans: Equal monthly payments, covering both principal and interest. No surprises at the end! #FullyAmortizing #StablePayments #CommercialRealEstate

On an annualized basis, about 8.5% of credit card balances and 7.7% of auto loans became delinquent. Read more 👉 https://lttr.ai/APNV7 #CreditCardBalances #MortgageLoans #AutoLoans #RecordHighLevels #DelinquencyRates #CausingConcern #ConsumerDrivenEconomy #FinancialAnalysts #Live

Personal loans are unsecured and can be used for virtually any purpose on items other than capital equipment or vehicles. Our unsecured personal loan product is a form of borrowing that can be used for a variety of purposes, giving you greater flexibility. 𝙎𝙪𝙗𝙟𝙚𝙘𝙩 𝙩𝙤 𝙚𝙡𝙞𝙜𝙞𝙗𝙞𝙡𝙞𝙩𝙮, 𝙨𝙩𝙖𝙩𝙪𝙨, 𝙩𝙚𝙧𝙢𝙨 𝙖𝙣𝙙 𝙘𝙤𝙣𝙙𝙞𝙩𝙞𝙤𝙣𝙨, 𝙖𝙣𝙙 𝙖𝙫𝙖𝙞𝙡𝙖𝙗𝙞𝙡𝙞𝙩𝙮 #braemarfinance #personalloans #taxloans #vatloans #hirepurchase #practiceloans