Understanding Financial Decisions and Partnerships
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Questions and Answers

What influences the products that are reviewed and written about on the site?

  • NerdWallet's authority on auto loans
  • Objective information
  • Thousands of hours of research
  • Compensation from partners (correct)

Where is Shannon Bradley, a NerdWallet authority on auto loans, based?

  • Los Angeles, California
  • Houston, Texas
  • Newburgh, Indiana (correct)
  • Chicago, Illinois

What does Des Toups have experience in, according to the text?

  • Side hustles
  • Auto loans
  • Bankruptcy (correct)
  • Couponing

How does NerdWallet make money?

<p>By partner compensation (B)</p> Signup and view all the answers

What does the text emphasize about NerdWallet's recommendations and advice?

<p>They are grounded in research (C)</p> Signup and view all the answers

What is the purpose of a car loan?

<p>To finance the purchase of a car (A)</p> Signup and view all the answers

What happens if you refinance a car loan?

<p>You lower your interest rate (D)</p> Signup and view all the answers

What is the purpose of an annual percentage rate (APR) in a car loan?

<p>To calculate the total cost of borrowing money (C)</p> Signup and view all the answers

What does it mean when a lender pre-qualifies you for a car loan?

<p>You are approved for the loan without an application (B)</p> Signup and view all the answers

What happens if you fall behind on payments for a car loan?

<p>The lender takes back possession of the car (C)</p> Signup and view all the answers

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