Financial Wellness

Helpful articles on topics related to personal financial health and well-being

Why paying on time is important
June 29, 2021

Why paying on time is important

Paying your bills on time can be a balancing act, but making timely payments is important for a variety of reasons. When you sign a financing contract, you enjoy the benefits of having money to spend or a vehicle to…

What is credit monitoring and what can it do for you?
June 29, 2021

What is credit monitoring and what can it do for you?

As a whole, Americans seem to have become more aware of their credit activity over the last year. Prior to 2020, consumers added, on average, $45.6 billion in credit card debt per year. But during 2020 and the beginning of…

How credit reporting practices affect you
June 29, 2021

How credit reporting practices affect you

Financial well-being is a fundamental part of life, and one of its pillars is the health of your credit. Your credit habits, which are reported by credit reporting agencies, impact your credit score and ability to get financing, so understanding…

What you need to know about credit when financing a vehicle
April 16, 2021

What you need to know about credit when financing a vehicle

It should be no surprise. What you need to know about credit when financing a vehicle is that lenders generally provide more financing to borrowers with higher credit scores. Almost half the money loaned goes to so-called super-prime borrowers –…

Young woman using auto-finance calculator
April 2, 2021

How to use an auto finance calculator: A step-by-step guide

It’s useful to know how to use an auto finance calculator when you plan to buy a car. Fortunately auto finance calculators are not that difficult to figure out. For example, the Affordability Calculator at Santander Consumer USA (SC) requires…

What is a simple-interest contract in auto financing?
March 25, 2021

What is a simple-interest contract in auto financing?

Just because auto financing involves simple-interest contracts doesn’t mean everyone understands them. Asking the question “What is a simple-interest contract?” is not unusual. And as a large auto lender with several million customers, Santander Consumer USA knows that many borrowers…