|
10 Dirty Tricks Credit Card Companies Play
The credit card companies make billions each year in legitimate interest charges and fees, but are under constant pressure from the shareholders to increase their earnings. To make this extra money the credit card companies sometime adopt some dirty...
Finance Your Car With Poor Credit
Cars don't look at your credit before they decide to breakdown.
Anyone, with poor credit or great credit, could find themselves
in a situation where they need an auto loan. Fortunately, those
with poor credit do have options available for...
New Law Provides Free Annual Credit Report
As of Thursday, December 1, 2004, one-third of Americans will be able to access their credit reports from all three main agencies for free. Passed in late 2003, the Fair & Accurate Credit Transactions Act creates a central source consumers can...
Pre-paid Credit Repair builds credit
If you are having difficulty with your credit score and rating, or having a hard time getting a credit card you might want to consider a pre-paid card. Nowadays it is virtually impossible to purchase anything without a credit card. Lenders today are...
Signature loans: a signature can relieve stress of no collateral and bad credit
The dynamics of loans borrowing procedure has brought new ways of borrowing in the forefront. Signature loans are remote from traditional forms of loans borrowing which requires collateral to be placed as the guarantee of the loan borrowed....
|
|
| |
|
|
|
|
|
|
Bad Credit Automobile Loans - Tips On Finding A Good Lender
Much like the bad credit home loan market, the bad credit
automobile loan market is a crowded and competitive arena. If
you find yourself in the position of needing a bad credit
automobile loan use caution in selecting your lender. While most
lenders dealing in the bad credit car loan sector are honest,
there are those who skirt the law with predatory loan practices.
Knowledge is the best defense against these dishonest loan
agents. Know more about your own credit than the lenders do. Arm
yourself with a recent credit report and FICO score. If a lender
says he has different information about your credit than you do,
ask him for his sources. If at all possible deal with a
financial institution where you already have a banking
relationship. Many banks and credit unions will help you apply
for "second chance" programs. They know that when they help
their customers in the short run they will retain the business
of those customers in the long run.
Be Careful With Who You Apply With - Be extremely cautious when
responding to any solicitations from bad credit lenders no
matter how those solicitations are received. Do not give any
sensitive personal information to a lender until you have
checked the company out with the Better Business Bureau. The
best course of action is to initiate contact with a lender
yourself from a list you have compiled through the Better
Business Bureau and personal references. Don't be embarrassed by
the fact that you are having to inquire about a bad credit
automobile loan. Many lenders make more money off of their bad
credit customers than off of their more credit worthy customers.
Find out the current interest rates - Interest rates fluctuate
from day to day, so check them
often. Depending upon the state
of your credit you can expect to pay from as little as 2% above
the average rate to as much as 17% above the average rate. Rates
above this are in many cases illegal. Watch out for lenders who
charge the legal rates but tack on an assortment of finance
charges and prepayment penalties.
Research The Price of Your Car - When you have narrowed down
your car choices, research the value of the different models.
The price of a car being financed with a bad credit loan may be
a little higher than the same car for a good credit loan,
however, the difference should only be a few hundred dollars not
a few thousand dollars. You can become trapped in loan if the
dealer inflates the price to the point where the car is financed
for more than it is worth. Just as you will shop for your car,
shop for your lender and let all of them know that you are
talking with more than one company. If you think a lender can do
better, state your case and ask for different terms.
Any reputable lender will put its proposals in writing with all
the blanks filled in. Further, you should always be allowed
ample time to read all of the loan documents. Walk away from any
lender who pushes you to sign something that you haven't had
time to read. There are compromises you will have to make
because you need to obtain a bad credit auto loan. These
compromises don't include being taken advantage of by a
predatory lender. A bad credit auto loan should be a stepping
stone to reestablishing your credit not a trap that may result
in additional credit difficulties.
About the author:
View our recommended Bad
Credit Car Loan lenders.
|
|
|
|
|
| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
| Credit.com offers a variety of credit related products and services including credit reports and credit scores, credit cards, car loans, home loan and ... |
| www.credit.com |
|
| Equifax Personal Solutions: Credit Reports, Credit Scores ... |
| National consumer credit reporting company that offers credit reports, FICO(R) credit scores and identity theft protection products to consumers and small ... |
| www.equifax.com |
|
| The FTC's web site on Credit |
| Credit is much more than a piece of plastic, and the resources on this site can help you become a more savvy consumer. You’ll also find compliance ... |
| www.ftc.gov |
|
| Federal Trade Commission - Consumer Credit Center |
| Features an assortment of helpful articles related to credit issues. |
| www.ftc.gov |
|
| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
| www.annualcreditreport.com |
|
| Springboard - Non-Profit Consumer Credit Management |
| Our mission is simple: To offer education on the wise use of credit. ... SPRINGBOARD has been approved to provide credit counseling services and issue ... |
| www.credit.org |
|
| myFICO - FICO Credit Scores, Online Credit Reports and Identity ... |
| myFICO.com: Get your Free credit report and Free credit score with a 30-day trial of Score Watch. All three FICO Scores and Credit Reports Available now ... |
| www.myfico.com |
|
| Credit Suisse Global |
| Credit Suisse Group is an international financial services group. - Shares part of SMI. |
| www.credit-suisse.com |
|
| Experian: Free Credit Report and Credit Score, Credit Check ... |
| Credit referencing and consumer targeting for the USA and other countries. |
| www.experian.com |
|
| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
|
| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
| en.wikipedia.org |
|
| Credit (finance) - Wikipedia, the free encyclopedia |
| Any movement of financial capital is normally quite dependent on credit, ... Sometimes if a person has financial instability or difficulty, credit is not ... |
| en.wikipedia.org |
|
| The National Foundation for Credit Counseling |
| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
|
| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
| FreeCreditReport.com: Free credit reports and credit scores from Experian. Get your free credit report and credit score now. It's free, fast, and easy! |
| www.freecreditreport.com |
|
| Compare credit cards | apply for a credit card | 0% balance ... |
| Compare over 300 credit cards, including 0% offers and balance transfers, and make a credit card application online... |
| www.moneysupermarket.com |
|
| Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
| www.fordcredit.com |
|
| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
|
| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
| www.creditmag.com |
|
| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
|
| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
|