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News, Tips and Resources

Refinancing Information for Real World Situations

Welcome to the Gravity Lending Resources page. This is where we share some of the most important tips, news and other items we come across in auto refinancing and other loan opportunities.

How to Finance Everyday Purchases: A Guide from Gravity Lending

Guy looking at credit card and phone.

We’re living in a time of record-high inflation. The Consumer Price Index reported that inflation rose 9.1% from a year ago in June. Swiping your credit card as payment for smaller, everyday purchases can lead to dangerous spending habits and, eventually, a deep hole of debt. When Is It Beneficial to Finance Smaller, Everyday Purchases? […]

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Inflation’s Effect on Purchasing Power

Baby in supermarket basket seat with fist raised.

Inflation is a reality that affects everyone’s finances. Whether you’re a student, a professional, or a retiree, understanding inflation’s effect on your finances is crucial for making informed financial decisions. In this blog, we’ll explore the concept of inflation and how it impacts your ability to buy goods and services. What is Purchasing Power? Purchasing […]

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Is Now the Time to Refinance Your Car?

Man behind the wheel of a car, interior shot

Auto refinancing helps you acquire a more favorable payment plan for your vehicle. For some, this means stretching out the loan’s term over a longer period of time while decreasing the average monthly payment; for others, it means the opposite. You may find the idea of refinancing your car enticing, but deciding whether it’s truly […]

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Join the Auto Refinance Community

Bag of money with stacked coins on the right.

Happy Holidays! While many in the financial markets consider 2022 to be the year to forget, Auto Refinance as an asset type for banks and credit unions continues to show strength in the market. With slowing reamortizations and below average delinquencies, financial institutions can lean on recapturing seasoned auto assets and grow new memberships to […]

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How Does Student Loan Forbearance Work?

Putting money in a jar marked Education.

Student loan forbearance, a temporary solution for those struggling with financial stress, suspends or lowers student loan payments. How Does Student Loan Forbearance Work? If you’re at risk of defaulting on your loans and don’t qualify for student loan deferment, forbearance may be an option to ensure your credit score doesn’t slip. However, it is […]

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How Do Student Loan Deferments Work?

Students celebrating.

After trying to decrease your auto payments, a student loan deferment may be another option to increase financial breathing room. Student loan deferments, designed to provide financial relief, allow a temporary pause or monthly payment reduction. Federal student loans and private loans are available for loan deferments; however, rules and requirements vary depending on the […]

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How to Budget for Inflation and Higher Prices

Two people in a car heading down highway into horizon.

While some experts say inflation has peaked, it’s left behind angry consumers, lighter wallets, and more questions than answers. Not all is lost: Effective tactics for surviving inflation exist, and they’re not difficult to implement into everyday spending. Here’s how you can start saving for inflation and sharpen your inflation budgeting, starting with the lowest-hanging […]

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Refinancing Student Loans: Pros and Cons

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The United States currently houses about $1.75 trillion worth of federal and private student loan debt. With the cost of college tuition steadily rising in recent decades, managing that student loan debt has become an inconvenient burden to many. Luckily, students with loan debt can refinance and ease the burden, freeing up cash for other […]

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