Consumer Car Buying Advice Blog

Under terms of a settlement agreement, millions of Americans will qualify for up to 9 months of free credit reporting that will include their credit scores.

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There are innumerable web sites out there that will tell you the best way to approach a car purchase is to secure financing before you visit the dealership. With conventional financing, this might be a good idea. With bad credit car loans, it can often result in an unneeded credit denial.

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Yesterday the Ohio Senate passed legislation that would cap the annual interest rates on payday loans at 28%. Currently, these lenders are able to charge rates that typically exceed 300%.

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It wasn’t that long ago that those customers with bad credit had few choices when it came time to buy a new car. In fact, their choice was which used car appealed to them the most – a new car was simply not part of the equation. Now, in many cases, they can also browse the new car lot.

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The Memorial Day weekend is behind us and even though the temperature in metro Detroit is more conducive to the Stanley Cup Playoffs than sunning ourselves on Lake St. Clair, it still means that the summer car buying season is here. Now might be a good time to take a look at some of the “creative” advertising practices of car dealers. For help with this, we will turn to the good people at the FTC.

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Whether you’re looking at a conventional loan or a bad credit car loan, the upcoming Memorial Day weekend is one of the best times to buy a car.

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Chase ‘Claro y Simple’ Initiative Leads the Industry in Providing Consumers Choice and Control in Managing their Personal Finances

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While, in many cases, bad credit car loan customers will not have a choice, there are a number of situations where you may have to decide between a new car and a used car.

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Lenders are tightening their credit criteria and many have exited the lending market entirely. How does this affect applying for a bad credit car loan and are there ways you can increase the odds in your favor?

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For many people emerging from bankruptcy, the idea of repairing their credit quickly and raising their FICO score through a credit repair agency can be very appealing. But you should stay away from companies that do this by establishing a new identity for you.

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