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Category Archives: Auto Loans

Car Loan Refinance with Poor Credit

Although many borrowers are unaware of the advantages of auto loan refinancing, consumers with low credit scores need to realize that they may not quality for this loan option, especially if their loan is fairly recent. Continue reading

Posted in Auto Loans |

Avoiding Unaffordable Cars with Problem Credit

The fact is that borrowers, especially those who are credit-challenged, should always maximize the down payment amount while keeping both the loan term and payment-to-income ratio to a minimum. By following these guidelines, buyers can avoid financing an unaffordable car. Continue reading

Posted in Auto Loans |

Why was I Denied for Auto Financing?

There are several factors that could possibly cause you to be denied for auto financing; the good news though, is you can often correct these issues. Continue reading

Posted in Auto Loans, Bad Credit |

How Can Auto Financing Help Me After a Divorce?

Divorce is already devastating enough. After you get clear of the personal whirlwind, you are left to focus on the business at hand – dealing with the financial fallout. Continue reading

Posted in Auto Loans |

How Will Late Car Payments Affect A Co-Signer

Being a co-signer is a big responsibility, and it can be a big risk to your credit too. If a payment is missed, it can damage both parties credit. Continue reading

Posted in Auto Loans |

Can I Get Financing Without a Credit Check?

There are ways to get financing without having to go through the credit screening process. Having a damaged credit history is certainly a major setback, but definitely not a deal breaker. Continue reading

Posted in Auto Loans |

Auto Loan Terms Continue to Increase

The trend toward longer loans and higher payments is not a good one – especially for borrowers with problem credit – as this increases interest charges as well as the length of time a borrower is upside down in the loan.

Borrowers with credit issues, in particular, should keep the loan term and amount financed as low as possible so they can trade out earlier and into another vehicle with a more manageable interest rate. Continue reading

Posted in Auto Loans |

More Lender Rules for Poor Credit Car Loans

If you have credit issues, everything else being equal, the more stability you can prove the better your chances of a loan approval. In addition to stability, the type of vehicle you’re considering as well as who you plan on buying it from also enter into the equation.

Likewise, bankruptcy situations as well as application accuracy are also important. Continue reading

Posted in Auto Loans |

Toyota Expands Military Rebate Program

It may be stretching it a bit to say that this will help all members of the military and their families that have poor credit, since it probably won’t. But the fact is that even if a few of these buyers can take advantage of the expanded program, it represents a step in the right direction. Continue reading

Posted in Auto Loans |

Bankers See More Auto Loan Risk Ahead

The latest survey of bank risk managers shows there’s a bit of caution in the car loan sector. To better their chances of an

approval, consumers with past credit issues need to make sure they have a down payment and, if a trade in is involved, any negative equity is offset by cash. Continue reading

Posted in Auto Loans |
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