types of alternative credit
derek neuberger
types of alternative credit
auto loan
describe this type of credit
it is a loan that establishes customer credit that is granted for personal use.
how are interest rates and fees calculated
it is calculated by your credit history, types of interest rates, and debt to income rate.
what is the average APR and/or fees paid
the average 48 month new car loan is 4.16%
what are the sources of this type of credit
car company, bank
provide an example of a company in your community or media that provides this credit?
Ollenburg motors, Pritchard family auto
when might a consumer seek this type of credit?
when they are getting a vehicle.
what are two advantages of this credit
it has more flexable payments, it also has low initial interest rates.
what are two disadvantages of this credit?
it might have hidden fees depending on the dealership, also dealers aren't looking for the best deal for you.
what are three alternatives consumers should consider before using this credit?
credit card, bank. credit union
cite your research with at least two reputable sources
carsdirect.com
thefreedictionary.com