tag:blogger.com,1999:blog-77011915998763085002024-03-13T10:41:38.801-07:00Auto Credit Loansalexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7701191599876308500.post-69591364735888273482012-05-06T21:14:00.002-07:002012-05-06T21:14:52.076-07:00The advantages of using the services of a used car dealer<div style="text-align: justify;">Buying a car with a limited budget, it will have a lot of consideration. The important thing that will be prioritized to choose a car should according to need. Buying a used car does not always have to buy from the seller directly but can be through the dealer. You can buy a used car from its owner's directly, but for you who lack the observations about used car is better if you use the services of a dealer of used car. There are the advantages of using the services of a used car dealer in buying a used car. If you buy a car at a used car dealer, consumers no longer have to worry that bought a used car is problematic because the dealer used car usually perform routine maintenance before selling the car Another advantage to use a used car dealer, consumers can directly make a complaint if the condition of a used car sale not as expected. The used car dealers usually, within a certain time dealers still provide a variety of efforts to provide the best service to consumers such as providing free services. Buying a used car dealer can be more secure because before reselling it is fixed in advance. A number of dealers will not even cover the shortage of used cars that will be sold to prospective buyers. It was not just limited to the engine but also the body. The price is still flexible. By using the services of a used car at dealer, consumers have a lot of variety in choosing a used car. If you live in Miami, you do not need to bother looking for a used car. <a href="http://maps.google.com/maps/place?cid=40100026876360921">Car dealership Miami</a> provides sales of new cars or used cars. Dealers continue to guarantee the quality of used cars. You will get the same service as when you buy a car new car. Friendliness of the staff and quality service will keep you here.</div>alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com11tag:blogger.com,1999:blog-7701191599876308500.post-10152940679916273042012-05-02T20:16:00.000-07:002012-05-02T20:16:47.663-07:00Personal Loans for Those of You Who Have a History of Bad Credit Loans<div style="text-align: justify;"><a href="https://www.unsecuredloanservices.com/">Personal loans</a> for those of you who have a history of bad credit loans are certainly almost difficult to obtain. Bad credit usually happens when you lost a job and become unemployed. This is very reasonable, with no source of income. The bill would increase the cost of your life until you cannot pay all the mortgage loans. Maybe at first it would not be a problem, because the insurance that is provided at the time you lose a job may be sufficient to fund all of these requirements. What if it lasts long? Using the loan would be one alternative that is just right when a situation like this. <br />
Before you borrow, you must know the kind of loan you want to take. If you want to get a loan when you are stuck with bad credit, you can take <a href="https://www.unsecuredloanservices.com/Personal_Loans.html">bad credit loans</a>. You also need to know the type of lenders who can lend. The best choice you can get is by looking online loan offers that you find on the internet a lot. Almost all online loans are quick and easy. You simply fill out an application form for your loan. But still you have to be careful in choosing the type of loan. You should communicate with the company through the contacts they provide to get a clear picture of the type of loan you want. Loans are not the best option that you can do when you lose your job. However, when you really need the money to start an own business or for your life, the loan is a solution to these problems. <a href="https://www.unsecuredloanservices.com/Lines_of_Credit.html">No credit check loans</a> are the right type of loan when you have a bad credit so that you can solve your financial problems. UnsecuredLoanServices.com is one place you can get a loan.<br />
</div>alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com2tag:blogger.com,1999:blog-7701191599876308500.post-92005742740179797882012-03-26T21:44:00.000-07:002012-04-16T21:44:50.876-07:00Yo-Yo Financing - Avoid This Auto Dealership Con<div style="text-align: justify;">Take a moment and imagine somebody holding a yo-yo in their hand. Now let's watch the imaginary yo-yo user fling the toy downwards, allowing it to spin steadily at the bottom of the outstretched string. With a quick flick of the wrist, the spinning yo-yo climbs back up the string and returns obediently to the user's hand. That's what a yo-yo is supposed to do: obey its user, and return to the user's hand upon command.<br />
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Some car dealerships took the concept of the yo-yo and applied it to their auto loan financing deals. The difference, however, is that they're not playing with a toy spindle, but instead they've attempted to turn their clients into their own personal yo-yo's.<br />
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Yo-yo financing refers to the practice of originating auto loans contingent on a credit check that will be performed at a later date.<br />
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Letting the Yo-Yo Sleep<br />
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When car salesmen practicing yo-yo financing come across interested buyers, they bait those buyers into purchasing vehicles by offering great prices. The salesmen requires the buyers to finance auto loans through the dealership, but those financing options have contingencies saying the price is only valid if the buyers have qualifying credit scores.<br />
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"Don't worry about that though," the salesmen will say. "We'll run your credit later, so go ahead and take the car home."<br />
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Thinking the credit check is a mere formality, the buyers agree and happily head home with their new rides.<br />
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When home, the buyers park their vehicles in their garages, and take every precaution to make sure their new purchase is well taken care of. As soon as they're able, they show their new cars off to friends and family, taking them for rides around town, and allowing their loved ones to experience the beauty that the new owner will enjoy for years to come.<br />
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Some buyers even list their old vehicles for sale, and try to liquidate that now useless asset for some extra cash.<br />
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This whole phase of enjoying one's newly purchased vehicle is exactly what the scamming car dealership wants. Their yo-yos are "sleeping" at the bottom of their strings-unaware that they can be retracted at any moment.</div><a name='more'></a><br />
And With a Flick of the Wrist...<br />
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Then the phone call comes: "Excuse me, but we just ran your credit, and unfortunately you didn't qualify for the auto loan we originally agreed to. Can you please come back in so we can straighten this out? Oh, and bring the vehicle with you too."<br />
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The buyers head back to the dealership where they're informed their agreements no longer apply since they lack an appropriate credit score. In order to keep the vehicle, the buyers will need to finance their vehicles at higher prices.<br />
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After driving a new vehicle around, and learning to love all of the qualities it had that the buyers' previous vehicle didn't, the buyers are more apt to make ends meet in order to keep their new purchase. Additionally, buyers who show their vehicles off to friends and family will be more likely to agree to a dealership's demands so that they can avoid the embarrassment of explaining to others why they no longer have their new vehicles.<br />
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Furthermore, if buyers sold their old vehicle, they will have no choice but to work with this particular dealer.<br />
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Dealers intentionally allow buyers to take vehicles home because they know those actions will work to persuade buyers to shell out more cash-even if those buyers would have a difficult time managing such hefty auto loan payments.<br />
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As borrowers contemplate all of these factors, the con-artists smile, relishing in their successful snap of the wrist.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-63705284851644993982012-03-06T21:43:00.000-08:002012-04-16T21:44:00.688-07:00Have You Been Refused Car Finance?<div style="text-align: justify;">If you have been refused car finance then you do not have to be told how frustrating it can be. There are many special finance lenders who specialize in financing car loans for people with bad credit or who have had financial difficulties in the past. If this describes you, there is hope after all. You can get an auto loan from certain online lenders.<br />
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They hire people who have a specialty in the area of financial difficulty that they plan to help represent or that they will allow. No matter what your problems may have been in the past, there is a way to recover your losses and be able to afford a new or used car of your choice. The online loan lenders care about your needs and whether or not you can make your payments on time. They will work diligently with you so that you are set up with a plan that suits your particular budget.<br />
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If you decide to apply, you can often get your response in just minutes. These online lenders need you to help them get your application to the right lender for your needs. When you fill out one of these handy online applications you will be required to have a few things. You will need to be a US citizen and be at least 18 years of age or older. Also you will need a valid driver's license and proof of employment. If you can meet these requirements, you are on your way to a new car or used car. Be upfront and honest about your past financial problems so that the appropriate people can assist you in car finance.<br />
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In most cases the response of the lender will be acquired within an hour or so. If they approve you, you will be set up with a lender as quickly as possible. It really is as simple as that. Just because you have had a few bad breaks in your life doesn't mean you have to do without the things you need. It is common knowledge that we all need an automobile. Now, even if you have filed bankruptcy, you can get an auto loan.</div><a name='more'></a><br />
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If you have been declined for an auto loan in the past, you can depend on being approved online. If you have bad credit, you can still get a loan. You will be required to pay it back with interest, but you won't be refused anymore. These lenders understand that bad things can happen to good people. Anyone can encounter financial distress. These lenders are there to give you a second chance.<br />
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It is embarrassing to be refused a loan for a car, but it happens every day to hard working people just like you. It doesn't matter what your past credit history looks like, these online lenders work hard to get you the loan that you need. Take a look around the web today and you are guaranteed to find a loan site that can serve your needs. If you take the time to answer a few pertinent questions, it is possible in just a few days you can drive away in the car of your dreams. Apply today for the car loan you have been wanting!alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-29142164453934382852012-02-26T21:42:00.000-08:002012-04-16T21:42:58.640-07:00Car Loan - Tips on Getting the Best Deals<div style="text-align: justify;"><br />
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Buying a car is probably one of the most common items in the wishlist of most working professionals. But it is a known fact that purchasing a car will cost you an arm and a leg, so a good percentage of people won't be able to pay for it with cash. It is a good thing that there are many financial institutions out there that are willing to provide a helping hand in order to enable people to purchase their dream car. The task of acquiring an auto financing is quite easy by itself but it is a different story with regards to getting a loan with the best rates and terms. If you want to avail of the best car loan, a bit of effort is required on your part. Here are some pointers that can help you get the best car loans.<br />
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In order to kick off your search for the best car loan in the best way possible, you will need to conduct a bit of research. You will need to know all the auto finance schemes that are available to you. A common newbie mistake is that the borrower tends to go with the first loan company they come across. How will you know if that is the best option if you have nothing else to compare it with? Researching will enable you to gather more prospects which will allow you to make accurate comparisons later. At least when you have finalised your deal, you will know that you settled with the very best option that you can find.<a name='more'></a><br />
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Another good tip would be to avoid loan companies that offer the lowest installment rates. Yes, it is quite easy to be tempted with low repayments and may seem to be a good deal but it is not. Such loan companies usually employs a longer repayment duration and with changing interest rates. So you might think that you are getting a good deal but far down the road, you actually end up paying more because of the interest. Look for a company that is asking for a large down payment in order to have lower equated monthly installments.<br />
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For a lot of people, finding car loans with the best terms and rates might seem to be a daunting task. In reality, that is not the case at all. As long as one takes it slow and does not rush through the searching process, he or she will be able to find an auto loan that will match his or her current financial situation. Nowadays, even if you have bad credit ratings, applying for a loan is not a problem anymore.<br />
</div><div style="text-align: justify;"></div>alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com4tag:blogger.com,1999:blog-7701191599876308500.post-54701114500156407732012-02-01T21:41:00.002-08:002012-04-16T21:42:10.896-07:00How to Take Over the Payments for a Used Car<div style="text-align: justify;">Taking over the payments orassuming a loan for a used car is easier than you think. It only involves easy steps that even an ordinary individual can accomplish. This means that it doesn't require any professional financing expertise or any formal training. In order to help you obtain what you need, some of the useful steps in taking over the payments for a used car are given below.<br />
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Step 1: Contact your current loan company<br />
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Make a call or visit your loan company to ask for information about the loan's specifics. They would willingly inform you regarding the down payment required and other important requirements needed to take over the payments for a used car. Through this, you are able to prepare the needed amount for the down payment. This is important since most of lenders require initial payment is before you can assume the loan. Upon knowing the exact amount for the down payment, try to prepare for this.<br />
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Step 2: Be aware of your existing credit score<br />
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Before taking over the loan payments for a used car, make sure that your credit score is good. This is the basis for the lender's decision whether to allow you to take over the payments or not. If your credit score is bad, lenders might allow you to take over the loan but with higher interest attached to it. To check your current credit score, request for a copy of your credit report from one of the credit reporting agencies in the US and check all of the entries included in it.<br />
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Step 3: Work for the loan's approval</div><a name='more'></a><br />
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Get the loan approved by processing all the needed documents. In order to get an early approval, process the loan as fast as you can. The length of loan's approval period depends on the lending company's policies. The usual length of time before such loan is approved takes one two weeks. Make sure that all the requirements are ready at the time of the loan's approval.<br />
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In some cases, getting the lender's approval might need additional requirements. Be always ready submit everything that is required to get the approval.<br />
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Step 4: Documents signing<br />
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As soon as the loan is approved and all the requirements are submitted, lenders would usually request you to sign the paper works. It is important to go over the loan terms and conditions before signing it. Make sure that you have fully understood everything included in it. Ask questions when some parts of the documents seem to be vague for you. Knowing the loan policies you signed prevents future problems.<br />
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Mike McTigue is an Automotive Journalist and former Car Dealer with a unique insight into the auto financing industry, and special financing.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-81067531696010607262012-01-02T21:40:00.000-08:002012-04-16T21:41:25.829-07:00Getting Out of an Upside Down Car Loan<div style="text-align: justify;">It's actually a lot less common with houses. If it weren't for the housing collapse of the last five years, no one would ever even know that you could be upside down on a home loan. Traditionally, you have always expected the price of a house to go up after you bought a house. No one ever used to expect that they could buy a house and have it fall in value. That's the kind of thing that happens to a car. You have always known that once you drive a car out of the dealership, it falls in value immediately. Over the next year or two, the value the car will fall to depreciation until soon, you'll find that you owe more on the car that you would get if you actually sold it at a used dealership. That's an upside down car loan situation.<br />
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This is a problem. An upside down car loan is a problem because should you total your car at some point, the insurance company will only pay you what your car is worth right now. They won't pay you enough that you could buy a new car.</div><a name='more'></a><br />
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So if you have an upside down car loan and your car is wrecked, you'll find that you still owe the bank your monthly payments as if the car were worth a lot of money, but that the insurance company is paying you very little because they believe that your car is worth very little money. Even if they did pay you enough money to settle was the car financing bank, that would be take care of your total car and what he called on it. You would still have to find money to buy a new car to get to work with. How to get out of such a situation?<br />
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Well, there are a number of possible solutions. To begin with, how about using your credit cards to pay off your car loan in part? For instance, if your car payments amount to as much as $500 a month, you may be able to find a credit card that has a manageable-enough APR, and move perhaps $5000 worth of car loan to it. This can work if you can find a credit card that asks you to pay a low APR.<br />
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If credit card debt sounds like a scary idea, you may be able to scrape cash together around your home by Selling something you don't need on eBay or getting part-time work. Some people just sell the car outright. Since they have an upside down car loan, they aren't going to get enough selling the car, to cover the loan. But it should drastically cut down what they will need to pay each month. To some people, this can be a great way to go forward.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com5tag:blogger.com,1999:blog-7701191599876308500.post-33424144771324405582011-11-19T21:39:00.000-08:002012-04-16T21:40:14.480-07:00Private Party Auto Loans - All About Buying A Used Car From A Private Party<div style="text-align: justify;">What's that one dreadful thing when it comes to getting a car? Most Americans will answer "dealing with the dealer". Yes, it is so true. We have heard stories about dubious dealers who have conned someone or the other in our social circle. But, we still walk down to the dealership lot half-hearted and full of doubts. You may not know but there is one more option of buying cars. Welcome to the world of private party (non-dealer) car purchase where you don't have to worry about a fraudulent dealer and his deceitful methods.<br />
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Most people are unaware of this opportunity and think that private party sales are risky. Once you completely understand person to person car sale, you will know that the reality is absolutely different.<br />
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What Is A Private Party Auto Sale?<br />
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Where buyer meets the seller<br />
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When you buy or sell your car to an individual without the dealer in picture, it constitutes a private party sale. When you buy a car from an individual, you don't have to haggle with a dealer. You can meet the seller in person and get all the information from the horse's mouth.<br />
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What Are The Advantages Of Buying A Car From A Private Party?</div><a name='more'></a><br />
1. As mentioned earlier, you get first-hand information from the seller. There is no dealer to fabricate the vehicle information.<br />
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2. No high pressure car-price negotiation.<br />
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3. No dealership commission means lesser price.<br />
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How to Make a Perfect Person To Person Car Purchase?<br />
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Make sure it is no junk<br />
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When you buy a used car, you need to check it properly. You certainly don't want to end up with a lemon or a clunker. Don't go for a very old car because most State Lemon Laws don't cover them. So, while buying a car from an individual seller, follow these important guidelines -<br />
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1. Get the car's VIN (Vehicle Identification Number) and run a Vehicle History Report. It will let you know if the car was ever salvaged or flooded. The report will be helpful in convincing your lender that the car is not junk.<br />
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2. You must also check the car's title. Most of the times, it will have a lien on it. If the same is with your car, then ask the seller to arrange a meeting with his lender (seller's lien holder). Discuss at length the conditions and the duration in which the title will be transferred to you. It is always good to talk this out in advance.<br />
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3. Get the Odometer Disclosure Statement from the seller. It will have the exact number of miles that the vehicle has been driven. Most lenders insist on getting one from the seller.<br />
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4. Ask your trusted mechanic to inspect the car.<br />
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How to Get a Private Party Car Loan?<br />
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A private party auto lender takes risk in offering auto financing options because there is no additional dealer's warranty. Also, the vehicle is not a certified one. So, lenders want you to fulfill their criteria.<br />
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Here are the requirements of private seller auto loans -<br />
1. Your age should be at least 18 years old. If you are getting a joint loan, then at least one of the applicants should be 18.<br />
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2. A Valid SSN is mandatory.<br />
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3. Your gross monthly income should at least be $2,000. A recent pay stub or IT returns (if self-employed) can be used as a proof.<br />
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4. Your employment term at the current and the last job should be more than six months.<br />
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5. You must be staying for at least six months at your current residence. Utility bills and rent receipt can be used to prove the term.<br />
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6. No open bankruptcy.<br />
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7. The vehicle should not have been driven for more than 80,000 miles nor should be older than six years.<br />
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All these requirements are pretty standard for a car loan and nothing out of the blue. Person to person car loans are easy to obtain. There are quick and simple because of no dealership is involved. With several lenders offering private party loan, it is easier to buy a car and fulfill your dream.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-26552866822813405422011-10-06T21:38:00.000-07:002012-04-16T21:39:23.304-07:005 Important Reminders for Car Loan Takers<div style="text-align: justify;">In this post, we'll talk about five important things that borrowers should remember especially when managing car loans.<br />
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What You Should Keep in Mind<br />
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• Your payment habits can have a huge impact on your credit history. Keep in mind that your credit activities are being monitored and reported to the three major credit bureaus. This means that being delinquent on your loan payments - which usually involves skipping or defaulting on your payments, as well as paying your financial obligations late - can have an immediate and huge impact on your credit history.<br />
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So, to maintain your excellent credit score you need to always keep up with your payments. If you find it difficult to remember your due dates then, it would be best to set-up personal reminders in your electronic gadgets. Better yet, sign up for automatic payment arrangements with your bank. After all, with such arrangement, you won't have to worry about your financial obligations anymore as your bank will be the one managing your monthly dues, on your behalf.</div><a name='more'></a><br />
• Want lower payments? Then settle your bills on time and in full. Always remember that payment delinquency will not just pull your score down. It can also cost you a great deal of money, in the form of huge interest charges, late payment penalties, and other related fines. So, if you wish to keep your credit payments at a minimum, you should resolve to make prudent and complete loan payments, each month.<br />
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• Stay true to the terms and conditions of your car loan. Borrowers are often penalized with pesky fees and charges for not complying with the terms and conditions of their credit agreement. This means that if you wish not to incur any additional charges, you should resolve to always abide by the rules set by your lender.<br />
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One thing that can help you in this matter is to review the fine print of your loan, once in a while. That way, you can remind yourself of the deferred payment arrangement, the penalties that will apply should you decide to pay off your loan before the agreed-upon date, and other relevant stipulations that are imposed on your credit program.<br />
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• Save receipts and proofs of payment. Don't throw away financial documents, especially receipts and proofs of payment. After all, you might need them to dispute incorrect payment records that you will discover in your credit report.<br />
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And keep in mind that you shouldn't enclose original copies of your receipts to your credit dispute letter. Instead, obtain scanned or photocopies of each document and attach them to your letter. That way, you can still make extra copies of the original proofs of payment, just in case you need to send follow-up letters to the three major credit bureaus.<br />
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• Managing multiple car loans is a big NO-NO! It might be tempting to apply for multiple auto loans, especially if you have a good credit rating. However, you should remember that you lose points from your credit score, every time your credit file gets pulled out in response to a credit application. So, it might be best to content yourself with what you have. And pay off your existing credit account first, before you decide to apply for and take out a new one.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-58612154489830438712011-09-14T21:37:00.000-07:002012-04-16T21:38:24.080-07:00A Complete Car Buying Guide for Illinoisans<div style="text-align: justify;">Fads come and go. What stays forever is style. Cars are so stylish that the entire nation of America is attracted to it. So much so that the automotive industry has been the centre of almost every financial decision. When it comes to loving cars, Illinoisans are same as the rest of Americans. Buying the flawless car is the dream of every American and if you are a resident of Land of Lincoln, here's your perfect guide to buy that perfect car.<br />
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Needs Define Your Purchase<br />
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Whenever you set out to make an important purchase like car, you must first understand your needs. The kind of car you need depends on several factors like your affordability, geographical conditions, fuel efficiency, maintenance, etc. If you are living in Chicago, the city of Rockford, or any other populous region, it's best to go for a small and compact car. If you live in suburbs and need to travel to the city, a fuel-efficient vehicle would suit you.<br />
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Honey! It's All About Money</div><a name='more'></a><br />
The world revolves around money. Once you have decided on the kind of car you want, ascertain your affordability. After you make a budget, you will be able to solve the new-used car dilemma.<br />
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You must make arrangement for finance at this stage. There is no point in waiting till the end because desperation often leads to hasty decisions. And, you certainly don't want to end up paying high interest rates. So, a well-thought decision is required which needs time.<br />
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How to Make the RIGHT Choice?<br />
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You can make use of the internet for choosing your car. All you need to do is type-in your zip-code and you will be able to see car options in your area. You can also go the usual way of visiting the dealer's lot or buy your car from a private party.<br />
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If you are buying a new car, read the experts' reviews and talk to owners. Also, take opinion of your friends. If pre-owned cars are your kind, get the Vehicle History Report. There are many websites like CARFAX.com and AutoCheck.com that provide the report. All you need is the VIN. Make sure that you are buying a clean title.<br />
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Don't forget to test-drive. Also, ask your mechanic to take a look at it. When you buy a car, get auto insurance because it is illegal to drive without it.<br />
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Time to Take Down the Documents<br />
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Now, that you have got an idea of buying that flawless automobile, let's know about getting it registered with the SOS (Secretary of State Office). Your must register the car immediately and transfer the title in your name in within 20 days of purchase.<br />
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When you buy a new car, the dealer usually completes all the documents. But, if you are buying from a private party or purchasing a used car, there are chances that you will have to undertake the process on your own. Nonetheless, it is always important to know about the vehicle registration.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-2494383078894335192011-08-01T21:36:00.000-07:002012-04-16T21:37:22.888-07:00Auto Loan - Obtaining an Auto Loan With Bad Credit<div style="text-align: justify;">Many people with low credit scores or a bad credit rating assume that they are automatically denied when it comes to obtaining financing for a new or used car. While that might have been the case a few years ago, obtaining an auto loan when you have bad credit is possible. With a little research and work, people with bad credit can obtain a car loan that can be used to finance the purchase of a new car. If you have a low credit score or a bad credit rating, the following tips can help you obtain the financing you need.<br />
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When applying for an auto loan with bad credit you should first obtain all your information from the credit reporting agencies. Federal laws require that all three major credit reporting agencies must provide you with a copy of your profile for free. Your credit reports will show you what debts are being reported, if you are delinquent in any bills, and exactly how low your credit rating really is. Obtaining your profile will allow you to see exactly what your credit rating is, and how you can improve it.</div><a name='more'></a><br />
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After you have obtained a copy of your credit profile, you can work at cleaning up what is on that credit report. Sometimes what is being reported on those credit reports is either inaccurate or should have been removed as it is past the standard seven year mark. Writing a simple letter disputing what is on the credit report can help clean up and possibly improve your credit score. It will take two to three months to remove the stuff from your credit report but disputing mistakes can significantly improve your credit score and give you access to better interest rates.<br />
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If you are having difficulty obtaining an auto loan due to your bad credit you may want to try applying at several different banks, financial institutes and online car financing companies. Every company has a different set of qualifications, and some even specialize in offering people with low credit ratings loans. Some people with bad credit ratings are afraid to shop around for loan quotes for fear it'll lower their credit rating. However, if you apply for loan quotes within a month of each other they only count as one quote on your credit report. Getting a car loan might be difficult if you have a bad credit score or rating but it is not impossible. Shopping around for loans, and cleaning up your credit report can help you obtain the financing you need.<br />
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About the Author: Chris Goodman has been in the auto refinance and lending business for more than 20 years and has assisted thousands of consumers with their car loan needs. He is an expert on car loans and car financing. Find more information at online at OpenRoadLending.com and see how easy it is to get your next car loan.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0tag:blogger.com,1999:blog-7701191599876308500.post-41952077928061940882011-07-11T21:33:00.000-07:002012-04-16T21:36:39.762-07:00What Documents Are Required For Financing and Buying A Car In Chicago?<div style="text-align: justify;">There were times when horse carriages made a statement. Today, cars are in style. And by the look of it, cars are going to be here forever. Chicagoans are car- crazy like everyone else in America. Driving a car provides a great adrenaline rush. The City with Big Shoulders is best explored in a comfortable car.<br />
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Wouldn't you want to cruise the streets of Windy City in your dream car? When it comes to buying your favorite car, do you suffer from a perfect case of ambivalence? Do you love car but abhor the car buying process? If yes, you are not alone, many Chicagoans feel the same. There are so many things to do. You need to arrange for finance, and then you have to scout for that perfect car. It doesn't get over here. There is the car registration, car title and process for getting parking permit sticker. All these processes have made you sit on the fence for long but, not anymore. Here is an article that will make you ready for the grueling task ahead. Buckle up for we are going through the fast lane understanding what all documents are required in Chicago to buy your dream car.</div><a name='more'></a><br />
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Several documents are required to get your favorite car home. When you live in the City That Works, you are constantly on the go. So, you need to be prepared all the time. Here's your checklist for purchasing a car in Chicago.<br />
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Lenders Are Loan-Ready, Let's Get You Document-Ready<br />
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No car dream is fulfilled without a car loan. With the rising cost of cars, auto financing has become inevitable. You can get a car loan in Chicago for almost all situations, bad or worse. Chicago is a big city and it offers many options for getting affordable auto loans.<br />
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Bad credit and no credit auto loans are easier when you have got what lenders require. You can also avail no money down auto loans or the difficult no co-signer loans. Yes, any and every loan is possible when you have all the documents ready.<br />
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1. Proof of Income<br />
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A minimum income of $1,000 is required by almost all lenders of Chicago. They want to ensure your capability of making regular monthly payments. And, so you need to submit your pay-stubs as a proof of income. If you have your own business, provide your IT Returns.<br />
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You must also mention other additional income like rental property income, alimony, child support, social security income, etc.<br />
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2. Credit/Banking History<br />
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Lenders will ask for personal information like your full name and SSN. This will enable them to get your credit report. Your credit history will determine your credit worthiness.<br />
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Also, lenders will require banking history to understand your banking transactions and to calculate your debt to income ratio. They don't want to lend money to someone who is risky. So, get ready with copies of your bank statements, lease agreements and mortgage contracts.<br />
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3. Residence Proof<br />
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Your lender must know where you live so that he knows where to contact you. Your residence proof can be anything from a driver's license to a utility bill or even your monthly rent.<br />
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4. Vehicle Information<br />
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Lenders want to be sure that you are buying a car and nothing else. So, they will require Bill of Sale/ Sales Agreement. Also, the purchase price should be clearly mentioned with the VIN, make, the model, the condition of the vehicle and the mileage.<br />
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Also, lender will ask for a copy of car title just to make sure of any outstanding liens. If you are buying a used car, then he will need a copy of Odometer Disclosure.<br />
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5. Proof of Insurance<br />
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Lenders use car as collateral and want to be insured all the time. So, they will ask for a comprehensive insurance coverage. But, you can negotiate and only buy the insurance as required by Illinois' mandatory insurance law.alexhttp://www.blogger.com/profile/05682492046485077599noreply@blogger.com0