Your Lending Options
If your credit score has improved or if interest rates have gone down since you first financed your vehicle, refinancing your vehicle loan could lower your monthly payment and save you money over the life of your loan.
Secured loans might be a good option if you have personal assets such as a vehicle or funds in a certificate of deposit (CD) that can be used as collateral. Secured loans may have lower interest rates, or better terms than unsecured loans. Please consider, with a secured loan, lenders can take possession of the collateral if you do not repay the loan as agreed.
Depending on your financial needs, personal assets and credit history, an unsecured loan might be the right option for you. Unsecured loans involve receiving a loan without having to put up the collateral needed for a secured loan.
An overdraft line of credit is a loan attached to your checking account. If you run out of money and you've been approved for this type of add-on, the line of credit can cover expenses so that you don’t bounce checks, miss payments, or have your debit card denied.