Every year, the National Insurance Crime Bureau (NICB) releases their Hot Spots vehicle theft report. According to the 2016 report, which came out this month, the Albuquerque, New Mexico metro area has the highest auto theft rate.
Continue ReadingEvery year, the National Insurance Crime Bureau (NICB) releases their Hot Spots vehicle theft report. According to the 2016 report, which came out this month, the Albuquerque, New Mexico metro area has the highest auto theft rate.
Continue ReadingMore and more consumers are trading in their cars when they still owe money on them. And the amount of money they owe continues to increase. This is a dangerous trend that has consequences which can snowball, especially if you are dealing with less than perfect credit.
Continue ReadingAccording to a report from Moody’s Investors Service released last week, negative equity is at an all-time high. Lenders continue to allow consumers to roll over negative equity into their next car loan at trade-in. Moody’s believes this practice has created what they call a “trade-in treadmill,” because it traps consumers in a cycle of never-ending negative equity on each successive car purchase.
Continue ReadingIs it possible to trade in your car even if it has not been paid off yet? That depends on several factors, including the lenders the dealership is signed up with, the amount of negative equity, the state of your credit, and more.
Continue ReadingThe roads are about to get a whole lot safer. One week after 20 major automakers reached an agreement with U.S. safety regulars to make automatic emergency braking standard on all new vehicles by 2022, Toyota announced it would accomplish this feat on their vehicles by the end of 2017.
Continue ReadingTourist towns make great spots for many workers that make tip incomes. If you make income in tips or get paid in cash, you should know that this can make qualifying for a car loan difficult if you have bad credit.
Continue ReadingBad credit car loans involve different requirements in order to qualify for one. If you only work part time or have multiple part-time jobs, you need to be aware that these factors can affect your chances of getting a loan.
Continue ReadingIf you have bad credit, getting approved for an auto loan involves a different process. The lenders that work with applicants with poor credit evaluate many factors, including your credit, income, and employment situation when determining whether or not you qualify. Believe it or not, your employment status is going to play a role.
Continue ReadingIf you need to finance a car and have imperfect credit, your employment history matters to subprime lenders. For this reason, we are often asked questions pertaining to time on the job.
Continue ReadingGetting approved for a car loan becomes more difficult if you have bad credit, do not have a job and your only income comes from benefits such as Social Security or disability.
Continue ReadingPage 12 of 19
Get the latest credit tips, resources and advice delivered straight to your inbox.