Frequently Asked Questions
No. The credit union does not accept Salvaged Titles to secure a loan. When a loan is secured by a vehicle the credit union requires that the vehicle carries full coverage insurance. A Salvaged Vehicle cannot meet that requirement. For further information on Salvaged Vehicles go to www.AZdot.gov to Salvaged Vehicle and frequently asked questions.
No. The credit union loans are simple interest loans. This means interest is figured daily on the lowest principle balance and interest owing is paid when a payment is made.
Yes, if they add to your regular payment. Any additional money will go to your principle balance.
Only if their income is needed to meet the community debt.
You can use your pay-stubs, bank statements showing direct deposit, disability or retirement statements. If you are self-employed, we need the two most current years of federal tax returns.
The interest rate is based on what you are borrowing for, term and your credit.
MariSol offers GAP insurance, which covers the difference between the value of the vehicle that your insurance will payoff and what you owe on your loan. We also sell Auto Warranty insurance, which offers extended parts and repair coverage.
Yes, the amount depends on the type of loan and the grace period depends on the type of loan. Please refer to your Promissory Note.
Yes, both current and delinquent loans are automatically reported to Experian on a monthly basis. Loans will be reported as delinquent if they are more than 30 days past due.