In an unprecedented promise of sorts, the Fed says it plans on keeping interest rates ultra-low through mid-2013.
Entries Tagged as 'Car Loans'
Test Your Credit Score Savvy
September 7th, 2010 · No Comments · Credit Bureaus and Scores
Though it is the most important factor considered in the loan approval process, credit scores are widely misunderstood. Here’s your chance to test your own credit score savvy.
Tags: Car Loans·Consumerist·Credit Reporting Agencies·Credit Score·FICO·home loans·Mortgage·Washington Post
What Happens if I Stop Making Payments on My Auto Loan?
May 14th, 2010 · No Comments · Auto Loans
Q. What happens if I stop making my car payments? A. If you don’t make the payments, the lender will repossess the vehicle. It will then be sold at auction and you will be responsible for the “deficiency balance” – difference between what you owe and the auction sales price. Losing your car to a [...]
Tags: Auto Loans·Car Loans·car repossession·collections·Credit Score·debt settled·deficiency balances·Short Sale
How Much Credit is Too Much?
November 5th, 2009 · No Comments · Credit Cards, Credit Reports, Mortgages
When starting your credit history from scratch, rebuilding from a bad financial period in your life, or if you have long established credit history, I get this question all the time, “How much credit is too much”? Or “How many credit cards should I have to have the best credit?” This is often a difficult question to answer, due to the black box nature of Fair Isaac’s FICO credit scoring model.
Tags: Car Loans·Credit Cards·Credit Score·credit scoring·debt ratios·Fair Isaac·FICO score·Mortgages·number of accounts·Payment History·too much credit·total available credit
