A company authorized by a manufacturer to sell that manufacturer's products.

Property offered to support a loan that can be seized if you default.

The right granted by a creditor to pay in the future in order to buy or borrow in the present; also, a sum of money owed to a person or business.

The process of the same mortgagor paying off one loan with the proceeds from another loan.

Products or services sold by dealerships that can be added on to the vehicle. Some examples include rust-proofing, upholstery treatments, alarm systems, and extended warranties. Remember that these add-ons will increase the price of the vehicle, and your monthly payment. Also these items are normally marked up outrageously. Also referred to as snake oil by dealers,because it bites you.

Property that can be used to repay debt, such as stocks and bonds or a car.

Health, life, or accident insurance designed to pay the outstanding balance of debt.

The period of time between the beginning loan date on the legal documents and the date the entire balance of the loan is due.

The information you provide to us to see if we can offer you a loan.

A component of some finance charges, such as the fee for triggering an overdraft checking account into use.