PenFed Reimagines Balloon Loans

The loan program, through AFG, can guarantee residual values to help reduce the risk to members, PenFed says.

By Jim DuPlessis | May 10, 2019 at 09:00 AM

Pentagon Federal Credit Union will begin offering members a balloon auto loan this summer that removes one of the biggest risks these loans pose for borrowers: Having their cars repossessed because they can't afford the final payment.

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PenFed Reimagines Balloon Loans

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Jim DuPlessis

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