The Rule of 78’s sounds like a sort rule that you would come across in a game of cards, but this rule is often used in the loan industry. It is also commonly referred to as the Sum-of-the-digits or figuring prepayment penalties on pre-computed car loans.   What is the […]

If you have been considering getting a new automobile, one of the things that is going to need to take place is for a car loan to be acquired. In order for you to be able to do this successfully, there are a few steps that need to be taken. […]