If you plan to take out your own loan for your next vehicle, you are definitely in good company. However, first-time buyers may be surprised that getting an auto loan requires bringing along a certain number of items.

What You’ll Need for an Auto Loan

When buying a new car, getting a loan to cover the cost is an increasingly popular option chosen by new drivers. In fact, data from the Federal Reserve Bank of New York and reported by CNN Money shows that a record 107 million ...
What is this important score and how is it determined? Learning this will help you take steps to raising your score over time.

How Is Your Credit Score Determined?

When it comes to buying a house, purchasing a new vehicle or applying for a credit card, your credit score is bound to come into play. As an influential factor in a financial institute’s decision whether to loan you money or ...
Buying a home is typically the largest purchase that many Americans will make in their lifetimes—and most won’t own their home outright for 15 to 30 years, depending on their mortgage term.

What is a Home Equity Loan?

Buying a home is typically the largest purchase that many Americans will make in their lifetimes—and most won’t own their home outright for 15 to 30 years, depending on their mortgage term. As you pay off your mortgage month ...
Lenders look at many different factors when considering whether to approve a small-business loan application and, if approved, the amount to give. Some of these are concrete numbers, like your credit score, and others are more ambiguous, such as your character.

What Lenders Look for in a Small Business

Lenders look at many different factors when considering whether to approve a small-business loan application and, if approved, the amount to give. Some of these are concrete numbers, like your credit score, and others are more ...
The cost of weddings has risen in recent years, leading to couples taking out loans or paying for items with credit cards. Yet starting your married life in debt could be a dangerous financial decision for more reasons than one.

The Dangers of Taking a Personal Loan to Finance Your Wedding

The cost of weddings has risen in recent years, leading to couples taking out loans or paying for items with credit cards. Yet starting your married life in debt could be a dangerous financial decision for more reasons than one. Weighing ...
Occasionally, scammers will attempt to trick people by masquerading as a legitimate business or financial institution. Below is some information you can use to help keep you safe from scams.

Online Financial Scams to Avoid

Once you begin experiencing the time savings and convenience of banking online, it may become hard to remember how you ever lived without it. The online tools provided by your financial institution can make many of your financial ...
Is there a right or wrong way to pay down your loans? The answer is not cut and dried; it depends on your financial and personal goals and objectives.

Which Loans Should You Pay Down First?

Is there a right or wrong way to pay down your loans? The answer is not cut and dried; it depends on your financial and personal goals and objectives. Here are two main theories about the order in which you should pay off loans, ...
It’s well-known that your credit score has a big impact on your ability to take out a loan, as well as on the total amount of the loan and interest rate your lender offers. But did you also know that the relationship works in the other direction as well?

How a Personal Loan Impacts Your Credit

It’s well-known that your credit score has a big impact on your ability to take out a loan, as well as on the total amount of the loan and interest rate your lender offers. But did you also know that the relationship works in ...
As 2017 comes to an end and we look forward to the new year ahead, we wanted to take this opportunity to thank you for being a Colonial banking customer.

Thank You Banking Customers

Dear Colonial Banking Customers, As 2017 comes to an end and we look forward to the new year ahead, we wanted to take this opportunity to thank you for being a Colonial banking customer. Whether you have chosen Colonial for your ...
Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose the term, or length, of your loan, which can have a big impact on the interest rate.

How Do Loan Terms Impact Your Interest Rate?

Taking out a loan for a car or a home is a big process that involves many important choices. Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose ...