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Category Archives: Lender Companies

American Web Loan Worse than a Payday Loan

To say that the loans issued by American Web Loan are predatory is putting it mildly – the interest charged by most payday lenders pales in comparison. The mere fact that tribal lenders can ignore the majority of federal and state lending laws should be a wakeup call to anyone considering this type of loan. Continue reading

Posted in Lender Companies |

Credit Union Auto Loans Increase

The latest report from the NCUA shows that credit unions continue to increase their share of vehicle lending. The issue

that buyers with damaged credit face is that credit unions, as a rule, don’t buy as deeply as subprime lenders. But having said that, it never hurts to give your local credit union a first shot for a car loan. Continue reading

Posted in Lender Companies |

Down Payments and Trade Ins with Problem Credit

Most problem credit lenders require a down payment of either ten percent or $1,000, whichever is less. Everything else being equal, the higher the down payment amount, the better the chances for a loan approval.

In addition, if a trade-in is involved, the equity in the trade can be used towards a down payment. If there is no equity of if the trade is worth less than its payoff, the entire down payment plus cash that equals the negative equity will be needed in order to meet the requirements of the loan approval. Continue reading

Posted in Lender Companies |

Finding a Problem Credit Lender

If you have problem credit, chances are you’ll end up applying for a car loan at a dealership that works with a broad range of lenders.

How you find that dealer is up to you, but here at Auto Credit Express we want you to know that for over twenty years we’ve been helping customers just like you locate car dealers that can offer the best opportunity for auto loan approvals. Continue reading

Posted in Lender Companies |

Poor Credit Repossessions Increase

Although the subprime market continued to grow during the first quarter of this year, the increase in repossession rates is sure to cause these finance companies to moderate the pace of lending. If this happens, borrowers with larger down payments (with cash down or real trade equity) who are willing to consider a range of affordable vehicles will have a much better chance of receiving an auto loan approval. Continue reading

Posted in Lender Companies |

Renting Rides vs Monthly Payments

With companies like ZipCar, GetAround and Hertz on Demand, it’s becoming much easier to get away with just renting a car. So should you rent or should you buy? Continue reading

Posted in Lender Companies |

Getting a Car Loan without Credit History at a Credit Union

Although it doesn’t always result in an auto loan approval, consumers that have experienced problem credit and belong to a credit union at least owe it to themselves to try this option first. Continue reading

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Buy a Car with Bad Credit and No Down Payment

Consumers that need a car but have concerns about their credit need to be familiar with some of the basic conditions that typically need to be met from most high risk auto lenders. Continue reading

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Reference Requirements to Qualify for a Car Loan

For consumers that have experienced recent problem credit need a car loan, there’s a real good chance that at some point in the process they’ll need to furnish the lender with a list of personal references.
Continue reading

Posted in Lender Companies |

When You Need to Find a Lender for a Bad Credit Loan

Car buyers with poor credit scores often have difficulty finding lenders that are willing to work with them. Continue reading

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