To accumulate interest charges.

Interest on a loan, which has accumulated to date.

The decision not to grant credit either in the amount, or according to the terms, requested.

A document explaining the reason(s) why a credit application has been denied.

Products or services sold by dealerships that can be added on to the vehicle. Some examples include rustproofing, upholstery treatments, alarm systems, and extended warranties. Add-ons increase the pr [..]

The reduction of debt by regular payments of principal and interest over a period of time.

To pay off a loan in regular installments over the loan's established term.

The amount of credit provided by the financial institution.

Supplementary services, coverage, or products which may be purchased by you in connection with the purchase of an automobile.

A measure of the cost of credit expressed as a nominal yearly rate. Lenders are required by law to disclose the APR, and the rate is used as a benchmark for various loans so that even simple interest [..]