Megan Foukes

Megan Foukes is a recent graduate from Indiana University who graduated with a bachelor’s in journalism. Megan works as a content writer for Auto Credit Express and contributes to several automotive and finance blogs.

Recent Contributions by Megan

  • Should You Pay Off Your Car Loan Early?

    September 21, 2018

    If a borrower has the choice to pay off their car loan early, there are advantages and disadvantages to consider. Because everyone’s financial and credit…

  • Auto Loans for Students

    September 21, 2018

    A student's schedule is typically very busy, and it sure helps to have a car to get around. But can students with little to no…

  • How is Your Interest Rate Determined?

    September 21, 2018

    There are five main factors that determine someone’s interest rate. Each one can either increase or decrease the percentage rate, and you won’t be able…

  • Used Cars Under $7,000

    September 20, 2018

    If you’re on a tight budget, you may be wondering just what type of vehicle you can finance for a limited amount of money, such…

  • What’s a Car Straw Purchase?

    September 19, 2018

    A car straw purchase is when someone who qualifies for an auto loan finances a vehicle for someone else who wouldn’t qualify. This is fraud,…

  • Do Voluntary Repossessions Affect Your Credit Score?

    September 14, 2018

    The simple answer is yes, a voluntary repossession affects your credit score. Even if a borrower does give up their vehicle voluntarily, their credit score…

  • What is 0% Financing?

    September 14, 2018

    Zero percent financing means that a borrower can finance a car without paying any interest charges on the loan. It sounds too good to be…

  • Trading in Your Car as a Lease Down Payment

    September 13, 2018

    A down payment isn’t required with a lease, and is rarely recommended. But you can still make a down payment with a trade-in or cash,…

  • Will Rate Shopping Hurt Your Credit Score?

    September 7, 2018

    Because buying a car is a big purchase, and often involves making multiple auto loan requests, many borrowers worry that shopping around for the best…

  • How Can an Auto Loan Approval Calculator Help?

    September 7, 2018

    Looking for an auto loan approval calculator? At CarsDirect, our car loan calculator can get you on the right path to loan approval. But how…