Here's the video transcript for your reference. For closed captioning, we recommend uploading the included SubRip (.srt) file along with your videos on Facebook or other social networks.

Looking at Loans

JEN: Gah! Another breakdown. I really need to just buy a new car. I wish someone would loan me the money.

DRAGON: Welcome to Loan Land, where wealth beckons, and interest peaks! 

JEN: Whoa, that’s a whole lot of treasure! Uh, one car loan please?

DRAGON: Not so fast! Before taking a loan, one should always shop around. Try to find the best interest rate, the best loan terms, the lowest fees and the best repayment options. Also be aware that there are different types of loans. A fixed-rate loan may have a higher interest rate, but the payments will be consistent, and easier to budget for. An adjustable-rate or variable-rate loan may offer a lower interest rate to start, but your monthly payments might increase as the interest rate fluctuates. 

JEN: So, what are your rates like? OK, I’ll shop around. I think the rates are lower at my credit union.