Posted in Automotive, Credit Scores, Financing on May 5th, 2008
There was an article in the Wall Street Journal over the weekend about credit scores and how they differ when you apply for credit. There are instances when the credit score from your yearly free report and the one the car dealers get are different, sometimes resulting in huge differences in your APR. It could […]
Posted in auto loan, Automotive, car buying incentives, Credit Scores, Financing, Lower interest rates on Apr 30th, 2008
The Federal Reserve lowered interest rates today by a quarter of a point to 2%. Don’t expect the rate to go lower any time soon though, as the Fed has indicated that rates will remain steady for a while.So who does this rate cut affect? If you have fabulous credit, then listen up. You can […]
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, Credit Scores, Financing on Apr 24th, 2008
With many lenders tightening their requirements before they give you a car loan, it’s in your best interest to get your credit score as high as possible before you apply for financing. Buyers will find that lenders are requiring higher credit scores because they’ve been burned by the rising delinquency rates of consumers. So how do you get […]
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.
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