Category: Lender Companies
How Do I Figure Out What My Interest Rate Will Be?

Due to the gray area they represent, our credit-challenged customers frequently ask us questions concerning what their interest rates will be. They want to know what it will be and how they can figure it out. The team here at Auto Credit Express will try to explain this issue and make it as clear as we can.

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Why Can’t I Get A Loan To Buy From a Private Seller?

Auto Credit Express cannot help you secure a loan to buy a vehicle from a private seller. We can, however, connect you to a dealer who can get you financed.

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The Fed Hikes Interest Rates – What Does it Mean?

The Federal Reserve, also known as the Fed, raised interest rates for the first time in nine years. What does it mean for you as a consumer and a borrower?

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Lease to Own Financing with Poor Credit

There is certainly nothing wrong with a lease to own vehicle if a borrower’s credit is really bad and they have no other alternative. On the other hand, if they can qualify for a subprime loan, the advantages include newer vehicles with lower miles, vehicle warranties that often cover the entire loan term and the chance to reestablish their credit and improve their credit scores.

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The Interest Rates Charged by Subprime Lenders

In addition to credit scores, ability, stability and willingness to pay are taken into account when determining interest rates for borrowers with tarnished credit. Since each lender weighs these factors differently, determining the exact interest rate a particular applicant will qualify for usually can’t be done.

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Hyundai Capital America to offer Free FICO Scores

It’s absolutely critical that borrowers, especially those with tarnished credit, understand the information contained in their credit reports and know at least one of their credit scores. So, while one credit report from each CRA per year is free, it’s also reassuring to know that lenders such as Hyundai Motor Finance and Kia Motors Finance are beginning to furnish the all-important FICO score to their customers at no charge.

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Government to Further Restrict Military Payday Lenders

The new definition of consumer credit, as it relates to the Military Lending Act, recently proposed by the Department of Defense could go a long way toward protecting members of the U.S. military from predatory lending practices.

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