Defer auto loan payments. A lender may agree to move a certain number of payments to the end of your loan, so you can skip those payments or make interest-only payments.

A debt management plan can indirectly hinder your credit and, as a result, your new loan application. However, it’s possible to get a loan while enrolled in the typical three-to-five-year repayment ...

Auto loan delinquencies and auto loan defaults aren't defined in the same way. Auto loan delinquency only means you’re late making the car payment. When your lender believes that you aren't ...

Consider using those funds to pay off your current car loan now — and then contribute what you would’ve spent on car loan payments toward your savings. Learn more: Best high-yield savings ...

If you are planning to take out an auto loan to finance the purchase of a car, you could have several different types to choose from. For example, auto loans can be secured or unsecured and direct ...

According to a news release, California-based Mechanics Bank discontinued originating indirect auto loans in early 2023, sharpening its focus on commercial, small-business and single-family lending.

You can get a car loan from many lenders, but the most popular are banks and credit unions. Auto loans from credit unions work in much the same way as a car loan from a bank.

Like personal loans, you must still meet lenders’ underwriting standards to qualify for an auto loan while on a debt management plan. The higher your credit score, the better your odds of approval.

Westlake Portfolio Management (WPM), a subsidiary loan servicing company of Westlake Technology Holdings, has entered into a servicing agreement with Mechanics Bank Auto Finance (MBAF) to oversee ...