Explanation of What Gap Insurance is For Auto Loans When you go to close on your auto loan one of the optional products that your loan officer may offer to you is GAP insurance. Sometimes called "Guaranteed Asset Protection" or "Debt Cancellation Agreement" GAP insurance can be added to your loan to help offset any future liability in the event of a total loss of your vehicle. Here is a general outline of how it works. 1) WHAT IT IS- Simply put. ...

Low Credit Scores? Auto Financing For People With Bad Credit Can Be Found Online You have probably been given some terms that you dislike from your local dealer's finance department regarding getting a car loan with a low credit score. In fact, you have probably been turned down as many people are. You don't have to take the crazy interest rates that they most likely have offered you. In today's hard economic times, online lenders are competing for your business. If you ...