May 20, 2012

Costco Megastores Add Car Sales

Talk about being able to buy everything in one place, when you walk into the nearest Costco, you can pick up bulk food items, clothing, electronics and now a brand new General Motors vehicle. Alright, it will not be that simple, but being a Costco member continues to give more perks. Beginning Nov. 1, members [...]

Auto Loans, Self Employment, and The IRS

Getting an auto loan is difficult enough, but, it you are self employed, it can be even more trying. Here are a few things that you can do to increase your chances of approval. The biggest stumbling block to a bad credit car loan is the amount of income reported to the IRS. Self employed [...]

Price Gap Between Foreign And Domestic Cars Increases

A weak U.S dollar is preventing many foreign automakers from shipping their lower priced models to the states. That has created the larges price gap between foreign and domestic cars since 1999. On average the MSRP for a new imported car climbed to $31,536 in August, according to figures from the U.S. Bureau of Economic [...]

Debt Still Weighing U.S. Consumers Down

There are some signs of improvement in the American economy. More Americans made their credit card payments on time during the second quarter of 2011. That is always a good sign. Unfortunately, those gains were offset by an increase in auto loan delinquencies and mortgage foreclosures according to the American Bankers Association, which will definitely [...]

Watch out For Cross Collateralization!

Cross collateralization allows a bank or credit union to hold an asset as collateral for all debts owed to that bank or credit union. If you have credit cards and an auto loan through a lender, they can repossess the auto if you default on the credit cards and vice versa (and good luck getting [...]

5 Credit Score Tips That Are Confusing

Understanding how to raise your credit score, then maintain it can be confusing for many people. Not just many people, most of the country. Just as people begin to understand their credit scores, more items are brought to light that cast even more smoke on the waters. Here are five credit score tips that just [...]

Top 10 Selling Vehicles In August 2011

August saw another month of solid car sales. Nearly every automaker saw sales increases, but Honda and Toyota continued their sales spiral. Here are the manufacturer’s stats for August, 2011. General Motors sales were up 18% Ford was up 11.2% Nissan was up 19.2% Hyundai was up 9.1% Chrysler grew by 31% Toyota was down [...]

Do 0% Loans Always Make Sense

Zero percent interest loans sound like amazing deals. Borrow the money you need for free and make affordable payments. Where is the down side. There are three ways that zero percent could be the less desirable way to go. The loan terms are generally shorter than you would like. Most zero percent deals are a [...]

How Repossession Will Wreck Your Credit

Repossession is a well known way to pull the carpet out from under your credit score. What you may not realize is exactly how bad it can be. Here are a few ways that a repossession will affect your credit and future loan options. Repossession and charge off will stay on your credit history for [...]

Bad Credit vs Good Credit Auto Loans

How Bad Credit Auto Loans Stack Up Against Other Auto Loans A person with a good credit rating could not possible understand what someone with less than stellar credit has to go through just to get a small auto loan. Well, that was true until the financial crisis hit in 2008, when many credit scores [...]