Filed Under (Car Loans) by bad-credit on 24-07-2010
Ads for auto loan modification scams are ALL over the Internet. These auto loan modification companies promise to negotiate with lenders to get customers lower car payments — for a upfront fee.
Consumer advocates and government regulators say most auto loan modifiers promising lower car payments will take your money and provide little or nothing in return. Consumer complaints about auto loan modification companies are increasing nationwide.
In June, Florida’s attorney general shut down Auto Relief Group, a south Florida auto loan modification company that has an F rating with Better Business Bureau. Read the rest of this entry »
Filed Under (Car Loans) by bad-credit on 21-07-2010
Buy Here Pay Here car lots are often used by car shoppers who have been rejected for car loans by traditional lenders or dealerships. Auto dealers that advertise BHPH in house financing, generally grant credit from the dealership itself, not an outside finance company. Once approved, this in-house financing credit can be used to buy a vehicle from the same dealer’s current inventory.
Car payment options can be quite limited, with cash or check accepted either weekly or twice-monthly. In many cases, dealers may not accept a monthly payment like a traditional dealer.
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Filed Under (car loan) by bad-credit on 22-06-2010
Having a car is a necessity for practically everyone, except perhaps for those who live in large urban areas like New York City. Shopping for a car is a stressful experience for most people who need auto financing. Fortunately, lending companies tend to cater for almost all types of credit, even to those seeking a bad credit auto loan. The trick is knowing how to navigate the system and make sure you get the best deal possible considering your personal financial situation.
People with bad credit tend to have a more difficult time, as fewer companies are interested in working with high risk customers. The good news is that there are lenders who are willing to extend a bad credit auto loan to people with bad credit. Don’t lose hope!
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