Financial Wellness

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

Eight tips to help prevent fraud

Fraud can be a scary word, especially if it’s happening to you. Now more than ever, the signs of fraudsters are all around us. Fraud indicators could be from companies about data breaches or emails letting you know your personal information has been put at risk. You might have heard warnings on the news or even from your bank about fraud. Don’t worry though. If … Read More

Tips for establishing first-time credit

Recently, I spoke with someone who, at 50+, is establishing his credit rating for the first time. He’s excited to watch his rating improve as well as the possibilities that await. He’s eager to buy a home. On the opposite side of the spectrum, my daughter will be turning 18 all too soon and working to build her credit for the first time. She has … Read More

What is the difference between a hard credit pull and a soft credit pull?

Have you ever reviewed your emails and wondered where all the “You’re preapproved!” messages are coming from? Me too. More importantly, preapproved for what? And how? I haven’t applied for anything. Receiving preapprovals, whether via email, regular mail or any other way, has become somewhat common. And the good news is, it doesn’t impact your credit score. The bad news … well, there really isn’t … Read More

When should you check your credit report?

How often do you check your credit report? Maybe the better question is, when was the last time you checked your credit report? A regular review of your credit report is a good habit to have. Whether you are in the process of building first-time credit, repairing damaged credit or just like to make sure your information is correct, your reports are good tools to … Read More

How cancellations are processed for ancillary products

Ancillary products are optional vehicle protection, service agreement plan and insurance products that are typically purchased when a vehicle is sold or leased and are in addition to the cost of the vehicle. Common ancillary products include: Credit life and disability – A type of insurance, abbreviated as CLAH, that pays off your loan balance if you die or are disabled. Extended service contract – … Read More

Financial health begins with these tips, tools and resources

Every month is a financial literacy month for customers of Chrysler Capital – April is just when everyone else takes part. Marking the official Financial Literacy Month in April, we will continue our ongoing focus on providing all vehicle shoppers, owners and lessees useful, finance-related content in our Learning Center and on our blog site. And it doesn’t matter whether you are a Chrysler Capital … Read More

How to optimize your tax refund when you buy or lease a car

Tax season is here – a time when many people receive the boost of a refund, greater financial freedom and start thinking about new opportunities ahead.1 Last year’s tax refund averaged about $2,8002 and, whether you’re planning the return of fair-weather road trips in a new vehicle or would like to pay off an existing ride, there are great ways to put that kind of … Read More

How to achieve the goal of buying a car

What are your plans for the year ahead? As ideas are formed and goals set, you may picture yourself moving forward in a shiny new vehicle. An effective way of turning that vision into reality is to work out the steps you must take to get there. We’ve put together five key stages to make that process easier. 1. Understand your financial situation Review your … Read More

What happens when you trade in your vehicle?

You found the vehicle of your dreams and the dealership offered you what you believe is a fair amount for your trade. So, now what? If you own your trade-in vehicle outright (you’ve completed any loan or lease commitment that you may have had), it is important that you have your title with you when you go to the dealership. Then, you can sign it … Read More

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 obtain an auto loan or lease, you enjoy the benefits of having money to spend or a vehicle to drive when you need it. The creditor, in return, expects you to repay that money according to the terms of the agreement. If … Read More