Author Archive: Steve Cypher
Watch for your W-2

The New Year brings with it, in many cases, additional requirements for subprime auto loans. This means that borrowers with credit issues should typically be prepared to furnish the previous year’s W-2 in addition to their most current pay stub.

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How Long until a Used Car is Worthless?

Although the MojoMotors study is a broad look at vehicle value, it’s interesting to see how the various manufacturers stack up against each other and how closely the results match up with the perceived value of each brand.

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Nine Financial Resolutions For 2015

We agree with the Illinois CPA Society that the New Year is a good time to take the following advice: step back and assess your financial situation for the coming year and resolve to make it as good as you can.

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Twice the Karma for Your Credit

Two free credit scores are more than twice as good as one and should give borrowers an idea of where they stand, credit-wise. This plus the ability to view two credit reports at any time makes an even stronger case for consumers to sign up with Credit Karma.

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Steer Clear of Bandit Tow Trucks

If you’re involved in an accident, be sure to check with the police and/or contact your insurance company before authorizing anyone to tow your vehicle.

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Cheapest Holiday New Car Deals in 2015

Borrowers with bad credit would do well to choose one of these affordable cars – vehicles that are also fuel efficient and inexpensive to insure – if they’re buying new. Opting for the shortest loan term possible, once they’ve reestablished their credit they’ll be in a much better position for their next loan.

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Still Room for Subprime Auto Loan Growth

The latest forecast from TransUnion predicts more growth in the subprime car loan sector – good news for credit-challenged car buyers. At the same time, these borrowers need to be aware their credit situation, have a down payment, pick an affordable vehicle and choose the shortest loan term possible in order to give themselves the best chance of success.

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