Compare and Select The Best Loan Among Different Loan Types

by Ada Denis Christmas time and the festive period in general is renowned for being a time where we all spend lots and sometimes more money than our ... to consolidate card and other debts but also perhaps to buy a new car, take a holiday, finance a wedding ... and credit cards to finance their purchases of gifts and other extravagances; in fact [more...]

Date: 2009-01-02 09:54:05

Blog posts (528) | Videos (383)
 

Carmakers in Germany are facing their worst crisis in decades

The economic crisis that hit the world in the past few months could not have avoided the already hurting auto industry ... values of leased cars.  BMW hopes to counteratack the crisis in short term by lowering its financial ... government loan guarantees on the loans taken out by the carmakers’ financing divisions. As we learned [more...]

Date: 2008-11-30 07:28:09

Day of Ya Reckoning

The Oborg thinks Hope and Change will doubtless assimilate the unFaithful : ".. ... . You see...You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education, how stores [more...]

Date: 2009-02-25 17:21:00

Make Repaying Your Student Loans Easier With Consolidation

There are very few people that have enough money to finance their own or their children’s post-secondary education without the benefit of ... loan into one account with one monthly payment. It doesn’t reduce the overall debt load, but it does make it more manageable. Many students also have credit card debts and perhaps a car loan on which [more...]

Date: 2009-02-03 07:00:30

America's Financial Crisis is Not a Clogged Sewer Problem

UT Austin/LBJ School of Public Policy economist James K ... arguing that "CREDIT IS NOT A FLOW." Obama: "The flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car [more...]

Date: 2009-02-26 13:12:15

“It’s not a bailout!”

Look at Chrysler’s website today (click to see full image): This is clearly a bailout. If it were just a “loan to help us succeed”, then they would be able to get private financing ... . The car companies and Washington get lots of money while the taxpayer gets the bill. And I love [more...]

Date: 2008-12-10 00:10:43

Obama lifts the spirit of the nation....

The economy may be in the doldrums. The complete solution nowhere in sight ... up this part: "You see the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education; how [more...]

Date: 2009-02-25 10:25:00

Premier Student Loans – Making the Grade Affordable

It's often been said that student loans are among the most honest and honorable debts you can incur (along with car loans and home mortgages) ... to credit cards that merely allow you to spend beyond your means.Just as every student picks a university ... financing exists.One source of such financing is PremierStudentLoans.com. This site isn't [more...]

Date: 2008-12-19 00:59:00

GM, GMAC rev up incentives thanks to Treasury funds

Yesterday the U.S. Treasury announced it would be backing GMAC with $6 billion in total funding, and today both the car finance company and General Motors, which gets 85% of its customer loans ... be dropping its minimum credit rating floor from 700 points to 620 points, which [more...]

Date: 2008-12-30 20:53:00

The Credit Crisis Hits Home

Evidence that the tight credit markets are having an impact on Main Street: ... s still quite possible to get a car loan, even with less-than-perfect credit. But the most favorable ... interest-free financing, for example, on certain sport-utility vehicles that haven’t budged from car [more...]

Date: 2008-10-07 16:39:06

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

Chrysler Financial gets $1.5B loan from bailout

The Treasury Department said Friday it will provide a $1.5 billion loan to Chrysler LLC's financing arm, and the automaker announced it will immediately use the money to offer zero-percent financing on several models and expand lending to car buyers [more...]

Date: 2009-01-17 11:54:28

Existing Debt: The Biggest Hurdle in Mortgage Loan Qualification

I got a question about what the number one obstacle is to most people qualifying for the loan on the property they want. The answer is "existing debt." Credit cards, student loans, car payments, etcetera. It seems like more people than ... wrote this, that was true. In December 2008, 100% conventional financing is not available [more...]

Date: 2008-12-11 14:48:13

Daily Podcast: The Party’s Over

As you've no doubt read, your duly elected representatives have rejected the proposed $700b Wall Street bailout plan ... of "Zero Percent Financing for Anyone With a Pulse" are done. Dead. Finished. Over and out. Credit's ... that no one wants. Millions of "average" people are backwards on their car loans-- and scared. Even [more...]

Date: 2008-09-29 20:34:19

[For Vents] Crisis in the Heartland

Crisis in the Heartland: Consequences of the New Wall Street System Peter Gowan New Left Review 55 January/February 2009 Against mainstream ... in the us economy within a matter of months—and not just mortgages, but car loans, credit-card receivables ... 2008 As stock markets plunge and governments scramble to bail out the finance sector, [more...]

Date: 2009-03-02 17:10:24

Auto & Car Loan Calculators

Lease a Car vs Buy a Car Calculator Should you lease your next automobile or finance it? Find ou... [more...]

Date: 2008-12-19 19:44:00

Know more about the average credit score

If you’re wondering how you compare with the national average credit score, then you don’t have to wonder anymore ... to maximizing your financial potential. Whether you’re applying for housing loan, buying a new car ... history); 10% (concerns the types of credit used whether revolving, installment or consumer finance [more...]

Date: 2008-12-26 06:25:32

Carnival of Debt Reduction: Spring Forward edition

Hello, and welcome to the Carnival of Debt Reduction ! ... to default on your car loan.  (Yeah, well duh, but some alternatives are given as well.) Savings ... the personal finance blog circuits by storm: debt snowflaking ! Credit Card Assist posts a good resource [more...]

Date: 2009-03-09 06:13:01

Looking for the Best Mortgage?

Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage--whether it’s a home purchase, a refinancing, or a home equity loan--is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs [more...]

Date: 2008-11-19 02:19:42

Swedish government announces Auto industry aid

News is starting to come through from Sweden of an announcement from the government of a US$3.4billion package to aid the ailing car industry there ... to be things such as research funding, which is allowable by the EU, or loan guarantees should they require further financing. More info will be posted as it becomes available. —— UPDATE: Reuters [more...]

Date: 2008-12-11 11:14:48

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

debt snowball

I've been doing a lot of soul-searching in the past year or so about finances and debt ... at the top of the heap is taking home millions of dollars while we scrape up student loan, mortgage, and car payments every month. Yes, we have enough to pay them. However, at the rate we are paying them [more...]

Date: 2009-01-17 20:54:00

Attention Old Fart Brokers: Listen to the Young Farts!

At the risk of becoming the Seinfeld of Real Estate demographics; ... . He is equating a Web Application with a car loan or a mortgage, where, if you can afford a cash purchase you avoid the added expense of financing. Large brokerages who have an in-house Web team developing [more...]

Date: 2008-09-12 18:01:49

Building The Cars Of The Future

For the moment, it appears that the auto industry bailout is dead ... to finance loans to U.S. automakers.Obviously this wasn't a favorable environment, with 49 ... was uneasy about it as well. The White House's quick fix, to allow carmakers to access federal loans [more...]

Date: 2008-11-20 00:31:00

Uh, Sorry, Could You Make That Another Five Billion? Or Sixteen, Maybe?

More than fair comment....... From CommonDreams ... to spur new car loans, bringing the total government aid to Chrysler and General Motors financing [more...]

Date: 2009-02-18 13:10:00

A Decent Time for Auto Loans

All around us, the economy seems to be crumbling; so much so that many parties are claiming that a recession, if not a total depression, ... out an auto loan! Before you rush right out to your dealer and fill out loan applications, though, take ... are now offering 0% financing deals across the nation. This means that you can buy a car [more...]

Date: 2008-11-04 05:18:36

GMAC Address

Five of the best sites for finding GMAC mailing addresses. Know of another site that should be listed here? ... Mortgage Online Payment, GMAC Car Loan Account) 1. GMAC Address? - August, 2007 message board thread ... addresses (we think it is for GMAC auto financing, but that’s not spelled out). We can’t vouch [more...]

Date: 2008-12-23 03:26:43

Investing in the finance crisis

The Wall Street domino has toppled just about everything in sight: U.S ... the Wall St Journal's "Intelligent Investor" for September 30th. Me, I've paid off my car loan--I figure JPMorganChaseLehmanWashigtonMutual could really use some more cash, and it's a guaranteed [more...]

Date: 2008-10-16 14:41:13

Elephant Diaries: Economies of the Times

Brad Delong on the news of the New York Times’ financing deal, which sounds a bit like the Gray Lady went to one of those brightly painted car title loan places you see in former gas stations: Good God almighty! 14% interest with short-term inflation at zero [more...]

Date: 2009-01-21 14:33:06

Why the Dollar is Getting Stronger

When people first take an interest in finance (beyond balancing a checking account and buying a few stocks here or there) ... in our economy.  All of the credit card balances, mortgages, car loans, government debt, CD's, bonds [more...]

Date: 2009-02-27 14:25:43

The House Approves Auto Industry Financial Relief Bill

Vote on H.R. 7321, Auto Industry Financing and Restructuring Act, was 237-170 (Roll Call Vote No. 690) ... of the automakers would be catastrophic. As John Judis put it recently in the New Republic, without ... industry.’ That is the motive behind the $15 billion in emergency bridge loans for the car companies [more...]

Date: 2008-12-11 13:15:06

French car manufacturer state aid

French car makers Renault and PSA Peugeot-Citroen have come a step closer to securing a €6billion (£5.6bn) ... and would provide “a massive response on the automobile sector's financing”, but would only ... loan from the French government to help bolster the country’s struggling manufacturing industry [more...]

Date: 2009-01-21 08:51:34

GM kicks off 0 percent loans and cash incentives

Just a couple hours after the U.S. Treasury department announced that it will purchase a $5 billion stake in GMAC LLC, ... financing on the discontinued Chevrolet TrailBlazer, GMC Envoy, Saab 9-7X, Saab 9-3 and the Saab 9-5 ... Jan. 6. He said that dealers are happy to have GMAC writing more car loans. “Any tool [more...]

Date: 2008-12-31 11:43:31

Tesla Planning Manufacturing Plant for Luxury Sedan

Everyone loves Tesla. I honestly think that their craziness has spurred electric vehicle research across the board ... E financing and a $150 M government guaranteed loan. At least the big banks aren't the only ... . They wanted to see a green car, and instead of doing it the old "tiny, slow, and impractical [more...]

Date: 2008-09-18 04:54:59

Our Financial Future Being Debated in Washington, D.C.

Pedro-Nava.jpg By Pedro Nava Chair of Banking and Finance Committee California State Assembly As Congress debates the possible expenditure of ... Street, or fail to act and risk more job loss and a collapse of the financial system where car loans [more...]

Date: 2008-09-25 22:22:57

The Big One

Those American car companies are just hosed. No way they can compete without giant stacks of federal money. Why, we may need to ... wha? ... out of their way to convince car buyers that Ford is stronger, greener, and more technologically advanced than ... s financing arms have been hard-pressed to make loans to potential buyers, Ford has been using [more...]

Date: 2009-01-18 23:04:06

2008 BMW Models Get 0.9% Financing

The 2009 BMWs are on the way, and it’s time to get rid of the 2008s ... % financing for qualified buyers. What does that mean? The current average loan rate is 6.78 ... down on the car (and let’s keep tax out of the equation), your monthly payment would be $779.70 [more...]

Date: 2008-08-21 17:35:00

Toyota: Bad Economy, Bad Car Sales, Cheap Financing [Toyota] (pfblogs.org)

Toyota, long resistant to the sort of interest-free financing deals that their domestic counterparts survive on, ... offers interest-free loans on 11 vehicles Reuters (Photo: blue_j ) ... [more...]

Date: 2008-10-03 19:31:16

3Feb 2009 Dodge Ram 1500 and Jeep Wrangler Get Awards Published in Chrysler

Despite walking on thin ice as far as finances are concerned, Chrysler has gotten two awards for its two vehicle lines, ... ModelsThanks to an additional $1.5 billion loan, Chrysler LLC will soon be offering 0% financing again ... of the Year” and the 2009 Jeep(R) Wrangler received “Best New Car for Off-roaders.”Award winners were [more...]

Date: 2009-02-04 11:48:32

For my ex-pat friends

This is for all of my friends and colleagues who still reside overseas. The rest of you are welcome to read along for a laugh... ... , just with a really good credit score. He said that GMAC was actually willing to loan us the money ... done for more than 12 years or so. I tried to buy a car. I was delighted when we were at the finance [more...]

Date: 2009-01-06 18:45:15

Mercantile Commercial Capital, LLC, Closes on Four Commercial Loans in December for over $6.3 Million in Total Project Costs

Altamonte Springs, Fla. — Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) ... $2,107,200 to Irish Properties, LP, to provide 85 percent financing to purchase a mix-used restaurant ... $1,345,000 to Autogalaxy USA, LLC/Miami Car Sales, Inc., to provide 75 percent financing for the purchase [more...]

Date: 2009-01-31 19:39:39

Fiat and Chrysler announce global strategic partnership

Fiat S.p.A., Chrysler LLC and Cerberus Capital Management L.P ... financing to Chrysler. Per the U.S. Treasury loan agreement ... alliance. The deal will allow Chrysler with access to fuel-efficient small car platforms and engines [more...]

Date: 2009-01-20 14:38:51

Auto annoyance.Camelback VW. Our attempt at buying a car. Honesty is most certainly an option.

I posted this over at Yelp but after I’ve just had another surprise , e.g a loan application that I never requested, I think it’s time to expend some time on informing ... terms of finance and what it would take to qualify + Ran a  loan application for me instead [more...]

Date: 2009-02-14 22:09:49

Ordering A Dream Vehicle: Financing And Advice

Points to Ponder in buying a carBefore hurdling yourself to a nearest car dealer and drive your car, ... to look for online auto insurance company quote. There are different credit unions and even commercial banks that are willing to loan you the necessary amount of money needed to buy the car with an annual [more...]

Date: 2009-01-28 13:26:07

Getting Guaranteed Bad Credit Personal Loans

by Samantha Blackburn Many people that have bad credit believe that there aren’t any financing options that are available to them. You might need to repair damage to your car or home, or you may need to pay unexpected medical ... t be able to secure your financing. Even if you think you’re too high risk to get a loan [more...]

Date: 2009-02-20 16:28:33

Personal Balance Sheet, August 2008 ($174,669, +7.7%)

It’s a long-standing tradition at Consumerism Commentary to review the details of my finances at the end of every month, and it’s that time again. I start with a “net worth report,” a list of my bank account, credit card, and loan account balances, investment values, and some more ethereal numbers like my car’s value and “accounts receivable [more...]

Date: 2008-09-03 12:00:07

Republicans Backed Subsidies For Foreign Car Manufacturers

Southern Senators are crying foul at the auto rescue package, ... billions in local taxpayer dollars in the past two decades to attract foreign auto plants. Those ... loans to General Motors and Chrysler, both of which say they lack the finances to survive the month [more...]

Date: 2008-12-17 14:47:11

Boycotting GM and Chrysler

I've been back in the automotive market, involuntarily ... their financing arm. And now GMAC has dropped the credit score to qualify for a loan from 700 to 621. (Hmmm ... . The week before Christmas my wife's 'round-town' car was smacked in the front end by an errant [more...]

Date: 2009-01-14 19:33:16

Why its hard to get a mortgage from the big banks now

In case you don’t follow me on Twitter ( @mejoe ), I’ve been having a lot of problems financing a house–with good credit and cash on hand, ... of credit from commercial banks to fund the loans which we then sell. According to the MBA (Mortgage ... should have a talk with Crazy Dave’s Used Car Lot down the street. [more...]

Date: 2009-03-01 07:03:56

The Lending Lunacy Continues as GMAC Gives Out More Bad Loans

This past week the Treasury used $5 billion of funds from the Troubled Asset Relief Program ((TARP)) to purchase senior preferred equity in GMAC, the financing arm of General Motors (GM). GMAC reacted immediately to deploy the funds by lending to new car buyers with credit scores as low as 621 [more...]

Date: 2009-01-01 11:02:24

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