Archive for June, 2010

Other Requirements for Auto Loan Approval Part I

Wednesday, June 30th, 2010

Almost everyone has heard that the credit score and the salary are the two most important requirements on which the auto loan approvals are based. However, there are some other obligations which the applicant has to fulfill to ensure that the approval process goes on without any hindrances. The basic obligation is to have a regular job which pays good enough money to see off the loan. Read More…

Military Auto Loan Facilities Part II

Tuesday, June 29th, 2010

It is said that the toughest job is to serve for the armed forces as a military personnel has to risk his/her life to ensure that the lives of the country‚Äôs citizens remains safe. Apart from the usual admiration and respect, the government has further enhanced the appreciation felt towards them by introducing military auto loan facilities. These loans include a number of benefits and could be acquired with requirements that are more flexible than the other conventional loans. Read More…

Military Auto Loan Facilities Part I

Monday, June 28th, 2010

Every government appreciates the effort and courage that the military personnel put forward to ensure that the lives of the citizens remain safe. Many military officials inquire as to whether there are any special offers or discounts which are provided to them in the lending industry. Well, there are special military auto loan facilities which are provided to the armed forces personnel and these are more beneficial as compared to the other standard auto loan facilities. Even in case of refinancing, the military officials can get it done at a lower interest rate. Read More…

Consequences of a Late Payment on a Bad Credit Auto Loan Part II

Sunday, June 27th, 2010

It is stated that during a normal loan term (even in case of a bad credit auto loan), the borrower faces some thoughts regarding what would happen if he/she delays the payment of the next installment. Well, the wide popularity of some consequences ensures that most of the people make their payments on time. However, the following lines provide information regarding what would happen in case of late payments: Read More…

Consequences of a Late Payment on a Bad Credit Auto Loan Part I

Saturday, June 26th, 2010

Having a low credit score isn’t as bad as it was a few years back but chances are that the interest charged from a bad credit borrower is going to be higher than those charged from a good credit borrower. For beginners, the finances given to bad credit borrowers are also termed as bad credit auto loan facilities. It is seen that every individual experiences a time where he/she feels he cannot make the next payment on time. At this point of time, the borrower starts thinking what might happen if he/she pays the next payment late. Well, the following lines provide information regarding what would be the effect of making a late payment: Read More…

Why Should a Bad Credit Auto Loan be Refinanced?

Friday, June 25th, 2010

When applying for a bad credit auto loan, there is a possibility that the interest rate that is going to be charged from the applicant is quite high. This is because of the increased risk involved in the nature of the loan which is why lenders wish to make their money as soon as possible. However, going with the high monthly payments of a bad credit auto loan can be very taxing on the borrower and his/her family. In these circumstances, refinancing is the best option that the applicant can go for. Read More…

Should You Go For Online or Offline Auto Financing?

Thursday, June 24th, 2010

You might have already heard a lot about both online and offline auto financing. Some people advocate that online auto financing is cheap and fast so it works best while others say the extra expense associated with offline auto financing is worth it because of the level of customer service and reliability they provide. Read More…

Making the Auto Loans Work for You Effectively

Wednesday, June 23rd, 2010

All around the world, many people have been turned down in their bid to land an auto loan for a car of their dreams. This is due to a number of reasons. Some of them cannot provide collateral to support their application. Others too do not have a steady source of income while there are some who possess a bad credit history. The latter is seen by the banks and financial institutions as very vital in determining your ability to pay back. Let us therefore look at how to get a fast decision on your loan within minutes. Read More…

The Truth About Your Auto Loan

Tuesday, June 22nd, 2010

What is it with getting an auto loan that makes it very popular among prospective car owners? The main reason they go for the loans is their inability to finance the purchase on their own car at the moment. They therefore get a lender to back them up. However, aside from having the chance to get money in advance and pay for it in the future, a car finance loan actually has another advantage. Read More…

How to Weigh In On a Bad Credit Auto Loan

Monday, June 21st, 2010

Before you go forth and sign the dotted line and agree to get a bad credit auto loan it would be a good idea to first weigh in the advantages and disadvantages of such a loan. You need to bear in mind that you already have bad credit so every step you take including getting a bad credit auto loan shouldn’t be properly considered just so that you don’t slip up this time around. Read More…