Posted in Automotive, Bad Credit, Financing on May 27th, 2008
The New York Times has a great story on their Web site today discussing how the credit crunch is affecting the auto industry. It talks about how banks and lenders aren’t loaning as much money anymore and as a result, less people are getting financing for a car. Home owners who would usually take out […]
Posted in 0% Financing, Auto loans, Automotive, Bad Credit, Budget-friendly, Financing, Lower interest rates, overall value on May 22nd, 2008
When talking about refinancing, seldom do we hear about anything other than mortgages. Lesser known is the sizable sums of money that auto refinancing can save under the right conditions. Ed Powell, chief consumer officer at LendingTree.com, says that it’s important to remember that consumers still have good opportunities to improve their auto loan terms […]
Posted in Bad Credit, Financing on May 13th, 2008
Yes, you read the headline right. Web loans with 842% interest rates do exist, with some even as high as 2,000%. I know what you’re thinking. Who in their right mind would apply for a loan with such a ridiculous interest rate? The majority of those who are using online loan services don’t have the […]
Posted in Automotive, Bad Credit, Credit Scores, Financing, No Credit on Apr 30th, 2008
Pierre Money Mart has done a great article on how to build credit when you’re starting from scratch. Unless you have a co-signer, you have to maintain good credit history to apply for a car loan. Things like secured credit cards and opening up a checking account will help make you look more attractive to […]
Posted in auto loan, Automotive, Bad Credit, car buying incentives, Chrysler, Credit Scores, Financing, Incentives on Apr 25th, 2008
With the credit crunch in full-force and consumers having a difficult time paying their bills, those who need a new car and don’t have superb credit scores may now be able to qualify for a new car with Chrysler, reports the Detroit Free Press. Especially with Chrysler’s 15.5 percent decline in sales this year compared to last […]
Posted in auto loan, Automotive, Bad Credit, Bankruptcy, Cost of Ownership, Credit Scores, Financing on Nov 20th, 2007
Analysts are worried. They are worried that rising troubles in the mortgage industry could spill over into the auto loans industry. In a recent article on Autonews24h.com, Lehman Brothers financial analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. (NYSE:F) and GMAC Financial Services (NYSE:GM) showed some higher […]
Posted in Bad Credit, Bankruptcy, Credit Scores, Financing, No Credit on Oct 15th, 2007
Imagine owning a car, selling it and then years later it still remains on your record. The Wall St Journal’s Fiscally Fit column has an article today on avoiding that situation. It can help undermine your credit, create time consuming headaches and even get you in trouble with the police.
Posted in Automotive, Bad Credit, Financing on Oct 2nd, 2007
Subprime loans are showing up in the news everyday lately with the credit crunch all around us. When your looking for an auto loan it is important to understand where your credit is and if you fall into this category. Being in this category usually means you have had some issues with credit in the […]
Posted in Bad Credit, Bankruptcy, Financing on Sep 27th, 2007
What is the means test and if I am bankrupt can I get a car loan? The term means test refers to an investigative process undertaken to determine whether or not an individual or family is eligible to receive certain types of benefits from the government. The “test” can consist of quantifying the party’s income, […]
Posted in Automotive, Bad Credit, Financing on Sep 11th, 2007
It is like March Madness but in September for auto dealers. Sales are slow so, incentives are plenty and even the loans rates are still not that high if your credit is somewhat good. Honda who never has to offer incentives is in the game these days. The Wall Street Journal has a comprehensive review.
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