How secured auto loans work
Secured auto loans are the most common type available.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
Personal loans are a quick source of cash, but be careful how you use them.
Use average car payment data to inform your budgeting.
You still can snag a personal loan with a low credit score. Here’s how.
Short-term loans might be tempting for a quick bit of cash. Approach with caution.
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
You can still get a decent rate without perfect credit.
Here’s everything you need to know to help you get an LLC loan.
Good credit borrowers should find relief from increased lender competition in 2025.
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