Financing for family vehicles is one of the four main sources of debt for American consumers. It typically doesn’t cause as many problems as credit card debt and student loans, but like a mortgage it’s a debt that most people either have or aspire to have. What’s more, transportation costs are the second largest expense in the average household budget after housing costs. With that in mind, we’ve gathered the latest news on auto loans and other out-of-pocket transportation costs from insurance to fuel to help you cut car costs to get on the road without driving towards debt problems.
December 16th, 2016 | Meghan Stewart
A record number of car buyers are coming to the lot with upside down auto trade-ins, meaning they actually owe money on the old vehicle when they upgrade.
November 7th, 2016 | April Lewis-Parks
Your poor credit score may be costing you more and that’s not just due to higher rates on credit cards and loans. Even insurance premiums may be higher.
Auto, Credit Score, Insurance
October 26th, 2016 | Meghan Stewart
Nearly five out of every 100 subprime borrowers is 60 days or more behind with their auto loans. We help borrowers create a strategy to help catch up.
July 27th, 2016 | Michael Koretzky
A few dollars difference really adds up when gas prices drop, but are you getting the most out of the money you save by using it to pay off credit card debt?
March 7th, 2016 | Meghan Stewart
Visa and Honda team up to design an app that calculates gas mileage and pays for you at the pump, but will this lead to credit card debt problems?
Auto, Credit Cards
December 23rd, 2015 | Michael Koretzky
It’s the busiest time of year for auto theft. Consolidated Credit helps you understand how vehicle theft could lead to end-of-year financial distress.
November 19th, 2015 | Meghan Stewart
Total U.S. auto loan debt hits a post-recession high. We help car buyers maintain budget control with tips for managing debt and transportation costs.
August 17th, 2015 | Michael Koretzky
Americans love to shop, except when it comes to cars. Consolidated Credit helps you take the hassle out of the car buying and loan approval process.
August 12th, 2015 | Michael Koretzky
A study finds Americans rarely switch auto insurance providers, in fact they don’t even bother shopping around. Here’s what you’re leaving on the table.
May 29th, 2015 | Meghan Stewart
A poll finds financial confidence is high, even though the most Americans ended up spending the money saved from low gas prices on budget necessities.