Paying A Car Loan Can Help Build Credit

Making payments on a car loan will help your credit, according to credit bureaus. Just don’t expect them to do it quickly ... financial trouble, such as a bankruptcy, some people are able to keep their auto loans . In these situations, an auto loan can be exactly what they need to start rebuilding credit and to boost [more...]

Date: 2009-01-21 17:32:28

Blog posts (490) | Videos (230)
 

Frameshop: Mitt Romney's Dickensian Plan For Big Auto

In a Op-Ed piece in today's New York Times, Mitt Romney boldly invites Americans to view the auto industry through the economic lens of 1954 ... Detroit a bridge loan of $25 billion to cover short term credit vanished in the comatose credit markets ... cars, American cars. I was born in Detroit, the son of an auto chief executive. In 1954, my dad [more...]

Date: 2008-11-19 17:23:30

Your Credit Score is Key When Financing a Car

I did a tele-seminar recently for a group of women and they asked so many questions about car loans, credit scores and how to qualify for the best loan I thought I would pass on these great tips ... for Americans Well-informed on Automobile Retailing Economics (AWARE), 80 percent of consumers [more...]

Date: 2008-12-09 22:34:49

The Glass IS Half Full

The “new, post-bail-out era of real estate” is how Cheryl Johnson describes things going forward amidst the “collapsing global financial markets” in ... store credit, car loans, credit cards, home equity and so on have stopped flowing.  The bailout ... to Henry Ford’s sentiment when he said: Any customer can have a car painted any color that he wants… [more...]

Date: 2008-10-13 15:00:27

What should we do?

One of the more frustrating things in all of this financial security mess is that the FAA is doing a crappy job of informing people about what they ... that do this. When you apply for consumer credit- a mortgage, a car loan, a credit card at the local ... , or bank routing information. That said, I have personally heard of people’s banks and/or credit [more...]

Date: 2009-02-14 02:48:45

GMAC Loosens Credit, Car Dealers Applaud

GMAC Loosens Credit, Car Dealers Applaud Reporter | Don Sniegowski | Dec 30 | retail McLEAN, Va. (Blue MauMau) - GMAC Financial Services announced that it will immediately resume auto financing for a broader spectrum of U.S. Read More | [more...]

Date: 2008-12-30 20:33:22

Car Title Loan

What you do when you need funds for something important in life or some eventuality? ... or more. There are solutions available. You get loan against your vehicle, may be. If you own your own car, truck or van ... credit, Tax liens, denied credit elsewhere, repossessions and or bankruptcies Have a look at Car [more...]

Date: 2009-03-05 08:23:00

The Ongoing Battle with Lifestyle Inflation

This is a guest post from Mike Young , who runs The Secure Student , a program that teaches high school students how to manage their money ... , I was 22, over $8,000 in credit card debt, and had ruined my credit score. In hindsight, the car I bought ... loan and improved credit scores, I bought my first home. Then things got tricky again. My income [more...]

Date: 2009-03-05 13:00:21

Dubai Property Market & Economy In Free Fall!

Newspapers have reported that more than 3,000 cars belonging to debt-ridden expats have been abandoned in Dubai’s international airport car park ... for their inability to pay their outstanding bills. Notes of apology taped to car windscreens and maxed out credit cards on the car seats are all too rife at the moment. This is indeed a stark [more...]

Date: 2009-02-18 09:45:17

General Motors Fighting Uphill Battle with Double Edged Sword

Shortly after the U.S. government lent the Big Three $17 ... credit losses because GM funds the majority of its car sales through GMAC, its own financing division ... to buy new cars, regardless of what their credit score is. As car inventories build and GM’ [more...]

Date: 2008-12-30 16:31:17

Obama’s 95% Illusion

One of the things that has bothered me, since at least the first presidential debate of this campaign, ... of expenses a year. A “clean car” tax credit of up to $7,000 on the purchase of certain vehicles. Here’s the political catch. All but the clean car credit would be “refundable,” which is Washington [more...]

Date: 2008-10-14 21:53:35

Someday soon we may have to turn back the clock on home lending

This is my column for this week from the Arizona Republic (permanent link) ... plans. Check the calendar. Did someone dial the clock back to 1968? Not quite, but the credit crunch ... years, the business of America has been credit. Car dealerships don’t sell cars, they sell financing [more...]

Date: 2008-11-29 19:54:07

6 Steps to Doomsday: A Great Depression II Scenario

I have to get this out of my system. BP’s interview with historians Michael Allen and Larry Schweikart helped assuage my fears some ... , out of money, default on their mortgages, car loans, student loans, credit card loans, etc. Bond ... ; the market crashes. 5. Banks hoard money, making it nearly impossible to get credit. Want a new car [more...]

Date: 2008-10-07 18:00:29

Mortgage Market Week in Review

Well, here we are on Friday again. Are you getting motion sickness from all of the news and rumors that are flying back and forth? ... : 1) Some equity in the item they want to borrow against (car, house, boat) 2) Good credit - not spectacular credit, but at least good credit, 3) sufficient verifiable income to support the loan request [more...]

Date: 2008-10-03 18:26:32

How To Refinance You Bad Credit Car Loan

by Herman Smeltzer Have you ever wondered if it was possible to refinance a poorly made auto purchase? ... you can. The basic premise is this. At one time you only qualified for a bad credit car loan, with a very high ... to find a loan at a lower rate. This is an opportunity to lower those huge monthly payments for good [more...]

Date: 2009-03-06 10:21:37

John Conyers' Bankrupt Proposal

Todd Zywicki explains what's wrong with John Conyers' bill to let bankruptcy judges modify mortgage contracts ... in turn will require future borrowers to pay higher interest rates and upfront costs ... , and by any American who uses credit of any kind, from car loans to credit cards. The ripple effects [more...]

Date: 2009-02-13 17:35:00

Why judges should not rewrite mortgage contracts

Why judges should not rewrite mortgage contracts Do we really need to explain why this is a bad idea? ... will be borne by aspiring future homeowners, and by any American who uses credit of any kind, from car loans to credit cards. The ripple effects could further roil America's consumer credit markets. [more...]

Date: 2009-02-13 10:10:35

Asinine item of the day - Jan 12, 2009

Illegal Alien requests $787,000.00 loan with stolen I.D. Says police should be arresting real criminals, not a good family man PHOENIX (KPHO CBS 5) ... to purchase a car. The credit union contacted the victim and discovered the identity theft, Scerbo said ... Betanicio Guerrero, 37, used the victim's Social Security number to purchase two cars on credit an [more...]

Date: 2009-01-13 03:01:00

Credit Card Offerings To Be Cut in Half?

Image and video hosting by TinyPic Good news or bad news? The U.S ... for them to extend me enough credit for me to buy a nice car with my credit card? I don’t understand ... . credit-card industry may pull back well over $2 trillion of lines over the next 18 months due [more...]

Date: 2008-12-01 22:07:00

Bail Me Out Too!

Embedded video from CNN VideoTranscriptJIM ACOSTA, CNN CORRESPONDENT (voice-over) ... said that you could use your house as a credit card to pay off your cars, to pay your credit card ... but fully expecting to refinance when the monthly payments start increasing. This only works [more...]

Date: 2009-02-24 18:22:00

Car Loans Now a Part of Stimulus Plan

It should come as no surprise to anyone by now that the unprecedented economic bailout of North America’s big three automakers did not succeed in ... credit? Should one rush out and buy a new car just because there’s a good opportunity ... in the form of a tax credit for consumers buying cars. Hoping that the tax break will allow more people [more...]

Date: 2009-03-05 08:36:46

Green Filters on SLKStore.com

I was just looking for Green Filters when I noticed the big ad banner on our forum for Greens at the SLK store ... to send my credit car info out there unencrypted. Are you guys planning to make it HTTPS? P.S. Scratch that, the form doesn't ask for credit car info - how do I go about paying for it? [more...]

Date: 2009-03-10 09:19:33

No More Car Loans

More on the credit crunch: The era of easy auto loans has come skidding to a halt ... are not giving anyone a car loan over $30,000. Today they turned down someone with a 780 credit score ... . Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car [more...]

Date: 2008-10-04 03:05:21

Getting a Bad Credit or No Credit Auto Loan

By katie GeorgeEveryday people swamp into the dealerships all across the US, looking at new or pre owned vehicles ... score and credit history. Bad credit shouldn't stop anyone from getting a car loan, it may ... of residence, most recent pay check stubs, and maybe even references. Bad credit car loans are harder [more...]

Date: 2009-01-09 09:36:00

Roundup on global financial turmoil

US Treasury Secretary Henry Paulson unceremoniously buried the idea of buying troubled mortgage assets ... and non-bank financial institutions such as financing arms of the near-bankrupt car majors ... backed by credit-card, car and student loans, and perhaps mortgages. Banks bundle many such loans [more...]

Date: 2008-11-15 13:28:00

GM Loosens Credit Restrictions

2008malibu270 In a rare instance of seeing an immediate impact on consumers from federal bailouts, GM’s financing arm, GMAC, will lower its credit requirements from a credit score of 700 to one of 621 to secure car loans ... of providing credit to buyers, including an agreement with Midwestern credit unions. The new requirements [more...]

Date: 2008-12-30 16:13:12

My Financial Implosion: Buying a Truck after Bankruptcy

“A fool and his money are soon parted.” – Thomas Tusser In January 1998, ... immediately, I was deluged with offers for credit.  I received letters offering new and used car loans, credit cards, and even household goods.  Everybody seemed to want to offer me financing, since they knew [more...]

Date: 2009-02-24 20:13:18

A Note On Auto Loan Interest Deduction

Before anyone pats too many members of Congress on the back for considering a move to make car loan interest deductible .. ... : * Personal interest on car loans, credit card balances, student loans, Internal Revenue Service interest ... individuals - and a reduction in an outlandish corporate tax rate of 50%. See this old NY Times item [more...]

Date: 2009-02-05 02:32:04

How To Find Reputable Credit Counseling [Credit Counseling]

If you're having problems with your credit and need some help, consider calling a legitimate credit counseling agency for assistance ... much credit card debt or difficulty making rent or car payments, you might want a credit counselor ... . Here's how you find a reputable one that won't scam you. Credit counseling sounds like a dirty [more...]

Date: 2009-03-09 02:40:09

Do You Know Your Credit Score? Get Your Free Report Online

Most people get into financial troubles just because of one fact that is ignorance about their credit details and present state of affairs ... for any kind of loans. Credit score is important in many cases. Let it be a credit card application, mortgage, car loans or just personal loans. A good credit report can help you in getting a  job [more...]

Date: 2009-02-25 20:51:25

Friday February 13, 2009 Clever Design: I am always fascinated by simple, yet novel devices. I found one last week in my desk. ... for cars exceeded 20%. Car and home sales plummeted. In order to prevent the next credit crisis ... Formica. Sherlock View car blog Homes using granite and banks using laminate should have been a [more...]

Date: 2009-02-13 04:22:32

SB 31: Georgia Power’s poison bill?

The Public Service Commission’s own staff has analyzed the bill and found that SB 31 not only takes all risk away from investors and shareholders, ... on Friday to a consumer loan.“If you buy a car and put it on your credit card, you’re going to pay a lot ... to a car loan is not accurate. Would you send a check to a car manufacturer when they start [more...]

Date: 2009-01-28 01:56:39

Hyundai Assurance - A Certainty in Uncertain Times

You must be aware that two of biggest auto makers in US were brought to the brink of bankruptcy last year, ... you income next year, return it to us with no impact on your credit.. A car company that stands behinds ... as auto sales collapsed amid a credit crunch and widening recession. A recent forecast says [more...]

Date: 2009-02-22 22:01:00

EPA Holds The Key To Clean Cars

Hold up your car key, photo montage. Image credit:Sierra Club Flickr upload site.I'm a 40-something who doesn't own a car ... decision to block California and 14 other states from imposing auto-pollution standards ... pollution since these states comprise 40% of the auto market. Public comment is being taken through April [more...]

Date: 2009-02-27 15:27:24

A Major New Idea From Treasury, On Asset Securitizations

There’s a remarkable story being reported in the New York Times ... a different but analogous process, other kinds of consumer loans are also securitized: car loans, credit ... -backed securities (and thus revive consumer credit) without financing. Up until [more...]

Date: 2009-02-20 14:13:15

A Good Start

Chris Dodd’s plan: WASHINGTON (AP) — Judges could rewrite mortgages to lower bankrupt homeowners’ monthly payments as part of congressional ... including credit card debt or car loans — from any financial institution in the U.S. or abroad in order ... their bad assets on the government in the massive rescue would have to limit their executives’ pay [more...]

Date: 2008-09-22 18:18:39

Ctrl BG: A Shortcut to Financial News 11/29

Hope everyone is having a great Thanksgiving weekend and got some great bargains yesterday! ... facility to support consumer finance, including student, auto, and credit card loans and loans backed ... consumers get home, car and credit card loans easier. I haven't figured out all the implications [more...]

Date: 2008-11-29 14:40:00

Car Finance with Bankruptcy

If bad credit car loans candidates go out in market only one or two lenders come forward to offer an auto loan, for them online financing can be a great time saver. read more [more...]

Date: 2008-09-29 06:43:25

Does Mobile Marketing Infringe on Your Privacy?

Naturally, privacy watchdogs answer the question in this post title with a resounding “Yes! ... a new car recently, and went on the mobile phone looking for a lower-interest credit card,” said Jeff ... to know that? Marketers for fast food companies, car insurance companies or credit card companies? It’ [more...]

Date: 2009-01-13 22:52:51

Online Union-Made Car Guide

Photo credit: UAW       If you’re in the market for a new car and you want to support good union jobs at the same time, ... by members of the UAW, Canadian Auto Workers (CAW) or IUE-CWA. The list includes cars, vans ... incentive to buy a union-made car: The buzz at this year’s North American International Auto Show [more...]

Date: 2009-02-21 14:00:49

Progressives Have Come Up With A Bill Worth Backing But Will Rahm Emanuel And His Allies Kill It?

Yesterday Alan Grayson, the Blue America endorsed candidate for the Orlando congressional seat held by pathetic Bush rubber stamp Ric Keller, ... bad choices, then "credit" (mortgages, car loans, business loans, etc.) will disappear ... was created, whenever there was a need to ease credit, the Federal Reserve lowered interest rates and bought [more...]

Date: 2008-10-01 09:30:00

St. John's Unemployment Rate Down Compared to Rest of Country

As of December, 2008, here's how Canada's unemployment levels are looking: (see table of provincial unemployment rates below)Nationally, there is a ... . The depression in the auto industry could cause many more swells in unemployment, particularly ... up credit, including for car loans, to put unemployed Canadians to work on infrastructure programs [more...]

Date: 2009-01-11 04:06:00

Your Future without Debt!

by Eric Jilson There is a lack of financial and investment education in our schools, among the many things not taught. If you are a high school graduate that doesn’t know much about finance, except how to write ... to be eliminated. Non-tax deductible debts are lines of credit, bank or car loans. Because you are adding [more...]

Date: 2008-08-07 23:45:29

Regrets

I'm not normally the type of person who wallows in regret.  But, I'm only human and I sometimes can't help but wish I'd made better choices ... accounted for everything, but I really didn't give the ice that fell from the sky all night enough credit.  It held my car prisoner quite handily this morning and it took more time than I thought it would [more...]

Date: 2009-01-30 00:12:00

Have You Delayed Your New Car Purchase? You’re Not Alone!

For the year just ended, three million fewer cars were sold then in the previous year, for the American market alone ... mortgage meltdown, high gas prices and tight credit. The latter, particularly, made it difficult for Americans to buy new cars as credit standards were tightened, shutting out hundreds of thousands [more...]

Date: 2009-01-09 07:33:10

Republicants Won’t Clean Up Their Own Mess

Republicants are likely little kids who play with their toys, make a huge mess, they cry and whine when they are asked to clean up their mess ... industry championed by Bush allowed for banks to make subprime mortgage loans. It allowed people ... car loans. Consumers found it easier to get credit thus were more likely to buy a new car [more...]

Date: 2008-11-19 17:12:35

US Automakers are done

US Automakers are done It’s over for any of the big three ... . The automotive industry relies on credit to feed it new car sales, very rarely are new cars sold for a lump sum cash payment. Car dealers make their money on selling financing, the few hundred to a thousand [more...]

Date: 2008-10-23 05:23:52

Banks Are Tightening Up On Extending Credit

One of the biggest changes you will see from the fallout of the Wall Street meltdown is banks severely tightening up on their lending practices ... getting a car loan, line of credit, and home equity loan. Here is an excerpt from a CNN article ... about their car dilemmas. Becoming upside down on a car loan is extremely common, and it puts people [more...]

Date: 2008-09-26 03:40:31

How To Save Hundreds A Month On Your Mortgage

When it comes to American spending habits, the sad truth is that most people don’t put their financial assets to the best use ... such cutting unnecessary services, refinancing a car loan, paying off credit cards (to end the high cost ... with you if you have bad credit? Are you getting a new loan to refinance your rate? Or are you getting a loan [more...]

Date: 2009-03-10 10:55:59

How Wall Street’s Meltdown Helps Main Street’s Housing

Just for fun, let’s imagine a possible silver lining to the complete melt down on Wall Street ... to extend car loans, credit card debt, retail debt and so on.  But this may not be all bad ... are up and his long commute is killing them.  They need to buy a different car.  “But no one is lending money [more...]

Date: 2008-09-19 13:00:15

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