Showing posts with label car loans. Show all posts
Showing posts with label car loans. Show all posts
Sunday, February 1, 2015
Tips for Acquiring Bad Credit Car Loan
Are you ready to apply for a bad credit car loan? Many people are in need of a car loan but may hesitate to apply because of their bad credit. If you can wait until your personal credit improves before acquiring a loan, then you will certainly be in a much better position to negotiate.
More info: Tips for Acquiring Bad Credit Car Loan
Wednesday, June 6, 2012
Student loans: Will more transparency help?
Ten U.S. colleges and universities have committed to provide more information to students about tuition and other costs, including estimated monthly loan payments after graduation, as part of a federal push to improve disclosure to help prevent financial-aid recipients from overextending themselves, the White House said.
Leaders from those institutions, which include the state university systems in Maryland, Massachusetts, New York and Texas, were scheduled to meet Tuesday in Washington with Vice President Joe Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau to discuss financial aid transparency.
The White House said more disclosure is key to making college more affordable.
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Leaders from those institutions, which include the state university systems in Maryland, Massachusetts, New York and Texas, were scheduled to meet Tuesday in Washington with Vice President Joe Biden, Education Secretary Arne Duncan and Richard Cordray, director of the Consumer Financial Protection Bureau to discuss financial aid transparency.
The White House said more disclosure is key to making college more affordable.
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Wednesday, May 30, 2012
Lenders finally loosen up on car loans
It's finally getting easier to get a car loan. Experian Automotive just announced that the average credit scores required for consumers to buy a vehicle have dropped to near prerecession levels.
The average credit score for financing a new vehicle dropped six points to 760, and dropped four points to 659 for used vehicles. By contrast, credit scores required in the first quarter of 2008 were at an average of 753 for new vehicles and 653 for used.
Experian's analysis also showed the average amount financed on new vehicles rose by $589 in the first quarter, to $25,995. For used vehicles, the average amount financed increased by $411, bringing the average total to $17,050.
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The average credit score for financing a new vehicle dropped six points to 760, and dropped four points to 659 for used vehicles. By contrast, credit scores required in the first quarter of 2008 were at an average of 753 for new vehicles and 653 for used.
Experian's analysis also showed the average amount financed on new vehicles rose by $589 in the first quarter, to $25,995. For used vehicles, the average amount financed increased by $411, bringing the average total to $17,050.
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Sunday, May 27, 2012
US debt, spending loom large as issues for independent voters
WASHINGTON - Government spending and debt are emerging as a campaign tug-of-war, with Republican Mitt Romney blaming President Obama for a "prairie fire of debt" and Obama calling the charge a "cowpie of distortion." Both candidates are reaching for independent voters anxious about who's going to get stuck with the bill.
Spending and debt now rank as high on the worry scale as lack of jobs. And it has direct appeal to independents who could decide the election in about a half-dozen states being heavily contested by both campaigns.
In turning attention to debt, Republicans are tapping a winning issue they used in congressional races two years ago. Republican pollster Wes Anderson said that just before the 2010 elections, congressional campaigns shifted "from jobs and economy to government taking us over the cliff." The emphasis proved to be successful at the ballot box as Republicans grabbed control of the House, captured Senate seats and won in state races.
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Wednesday, May 23, 2012
Consumer protections considered for prepaid debit cards
Prepaid debit cards may soon be subject to federal regulations requiring more transparent fee disclosures and increased financial protection.
The Consumer Financial Protection Bureau said Wednesday it is considering new consumer protections for the cards. Director Richard Cordray said he plans to bring more "safety and transparency" to the industry. The agency will seek comment from experts and the public on how fees are disclosed and on protection from unauthorized transactions.
Prepaid cards often come with fees associated with everything from calling customer service to using an ATM — users reported paying an average of about $2 every time they wanted to reload money on their cards, according to a study by Javelin Strategy and Research. That is significant for a product that is most popular among Millennials and consumers who make less than $15,000 a year, says Javelin President Jim Van Dyke.
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The Consumer Financial Protection Bureau said Wednesday it is considering new consumer protections for the cards. Director Richard Cordray said he plans to bring more "safety and transparency" to the industry. The agency will seek comment from experts and the public on how fees are disclosed and on protection from unauthorized transactions.
Prepaid cards often come with fees associated with everything from calling customer service to using an ATM — users reported paying an average of about $2 every time they wanted to reload money on their cards, according to a study by Javelin Strategy and Research. That is significant for a product that is most popular among Millennials and consumers who make less than $15,000 a year, says Javelin President Jim Van Dyke.
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Wednesday, March 28, 2012
Geithner makes case for reducing homeowner loans
(Reuters) - Treasury Secretary Timothy Geithner on Wednesday rebuffed a housing regulator's concerns that allowing mortgage buyers Fannie Mae and Freddie Mac to reduce homeowners' mortgages would only protect the big banks.
"There are some cases where principal reduction is not just good for the homeowner, not just good for the community, but it's good for the taxpayer too," Geithner told a congressional panel.
The Obama administration has been trying to use government resources to help the U.S. housing market. But it has faced resistance from the regulator for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency's acting director Edward DeMarco.
DeMarco has maintained that his regulator's mission is to protect the taxpayer money that was used to prop up the mortgage buyers after massive losses at the companies threatened the global financial system.
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"There are some cases where principal reduction is not just good for the homeowner, not just good for the community, but it's good for the taxpayer too," Geithner told a congressional panel.
The Obama administration has been trying to use government resources to help the U.S. housing market. But it has faced resistance from the regulator for Fannie Mae and Freddie Mac, the Federal Housing Finance Agency's acting director Edward DeMarco.
DeMarco has maintained that his regulator's mission is to protect the taxpayer money that was used to prop up the mortgage buyers after massive losses at the companies threatened the global financial system.
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Tuesday, December 6, 2011
Bernanke denies hiding size of crisis loans
WASHINGTON (MarketWatch) — Federal Reserve Board Chairman Ben Bernanke denied Tuesday that he had hidden the true size of the bank’s emergency lending to Wall Street from Congress and the American people.
A recent article by Bloomberg News garnered widespread attention by reporting that the Fed had lent or guaranteed more than $7.7 trillion to ailing banks during the financial crisis and that banks had earned an estimated $13 billion of income by taking advantage of cheap Fed credit.
In a letter to Congress, Bernanke said that article, and many others, “contain a variety of errors and mistakes.”
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A recent article by Bloomberg News garnered widespread attention by reporting that the Fed had lent or guaranteed more than $7.7 trillion to ailing banks during the financial crisis and that banks had earned an estimated $13 billion of income by taking advantage of cheap Fed credit.
In a letter to Congress, Bernanke said that article, and many others, “contain a variety of errors and mistakes.”
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Monday, December 5, 2011
SEC probes financing of new Marlins stadium
MIAMI (AP) – The Securities and Exchange Commission is investigating the financing of the Miami Marlins' new downtown stadium.
SEC subpoenas to the city and Miami-Dade County are seeking a long list of documents and records, including those involving meetings and communications between government officials and executives with the Marlins and Major League Baseball.
The executives include baseball commissioner Bud Selig, ex-MLB president Robert DuPuy, Marlins owner Jeffrey Loria and the team's president, David Samson. Copies of the subpoenas, dated last week, were provided Monday by city and county officials to The Associated Press.
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SEC subpoenas to the city and Miami-Dade County are seeking a long list of documents and records, including those involving meetings and communications between government officials and executives with the Marlins and Major League Baseball.
The executives include baseball commissioner Bud Selig, ex-MLB president Robert DuPuy, Marlins owner Jeffrey Loria and the team's president, David Samson. Copies of the subpoenas, dated last week, were provided Monday by city and county officials to The Associated Press.
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Sunday, December 4, 2011
How to Buy A Used Car With Bad Credit
Check your latest credit report. Order the latest copy of your report so you’ll know exactly where you stand. Some car dealers may try to take advantage of you by saying that you have a much lower score and that you cannot qualify for a better deal. Bringing a copy of your report when visiting a dealership’s location will protect you against such lies.
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