Some people may realize that they have a bad credit score and think, “Big deal. I just won’t try to get a loan any time soon.” But damaged credit can affect a lot more than just your ability to get financing.
They old saying goes “It takes money to make money.” Well, it takes credit to build credit as well. If you have no credit history or are looking to rebuild bad credit, you need to practice responsible credit management. And using a secured credit card to build credit may be the perfect jumping-off point.
Recently, U.S. News has handed out their Best Car for the Money awards for 2017. And all of the vehicles chosen for these awards offer a lot of value.
Have you ever received a traffic ticket or been involved in an auto accident? If so, then you may know how important dash cams can be.
If a lender sells a repossessed or surrendered car at auction, the selling price may not cover the entire loan balance. If it doesn’t, the amount left over is called a car loan deficiency.
Are you an hourly UAW employee? If so, you should know that a profit-sharing check would make an excellent down payment on a brand new vehicle.
A Chapter 13 bankruptcy involves committing to a repayment plan with your creditors over a three- or a five-year period. That’s a long time, and you may find that you need to finance a vehicle while you are in the middle of the bankruptcy. It’s possible to get approved for an auto loan during a Chapter 13 bankruptcy, but there is a procedure that must be followed.