Car Credit Problems due to Income Issues

Car Credit Problems due to Income Issues
by Steve Cypher on Wednesday, June 27th, 2012

Neighborhood car credit loan locations are pro’s at aiding people to purchase a vehicle financial loan.

ID theft warning

Millions of people every year fall victim to identity theft.

The methods that are used by the thieves vary greatly, but most try to use a persons fear that they are already a victim, or that a loved one is in trouble in a foreign country. Some claim the victim has won a substantial amount of money and only need to pay a small processing fee.

Recently the Lamar Police Department along with multiple financial institutions throughout the area have received multiple reports of customers being contacted by telephone about their credit/debit cards being inactivated or no longer functioning.

The automated call then requests that the person enter personal information including...

Analyzing Waste Management’s Debt And Risk

A companys debt, liabilities and risk are very important factors in understanding the company. Having an understanding of a companys debt and liabilities is key component in understanding the risk of a company, thus helping aid in a decision to invest, not to invest or to stay invested in a company. There are many metrics involved in understanding the debt of a company, but for this article, I will look at Waste Managements (WM) total debt, total liabilities, debt ratios and WACC.

Through the above-mentioned four main metrics, we will understand more about the companys debt, liabilities and risk. If this summary is compared with other companies in the same sector, you will be able see which...

Special Report: The State of The Auto Loan Market

Whats up with new and used car loans? What are the trends in rates? What credit scores are now required? Its all here (and a lot more) in this one special report.

Experian, the US credit reporting giant, paints a picture of the auto lending landscape in its Q1 2012  State of the Automotive Finance Market report. With over 80 charts and graphs, this is the most thorough study The Financial Brand has ever seen on the subject of car loans. Here are some salient excerpts.

During the first quarter of 2011, Americans’ auto loans totaled $637 billion, increasing $26 billion to $663 billion this year.

Today, 77% of new car purchases are financed. About half of all used...

Vermont Becomes the Eighth State to Restrict the Use of Credit Reports for …

On May 17, 2012, Vermont Governor Peter Shumlin signed Vermont Act No. 154 (S. 95), which prohibits employers, subject to certain exceptions, from using or inquiring into an applicant or employees credit report or credit history for employment purposes. Relying on a variety of statistics regarding the purported reason that families go into debt and the alleged increased use of credit reports for employment purposes, the legislature stated that the new law was necessary because information contained in a credit report has no correlation to job performance and credit reports do not provide meaningful insight into a candidates character, responsibility, or prospective job performance.


Indonesia: Clamping down on consumption at what cost?

The rising middle class has more disposable income these days, says Todd Lauchlan, the country head for Jones Lang LaSalle.

Indonesia has also benefited from a large chunk of its population being of a relatively young age.

A lot of these youngsters are starting their own families and looking to move out of their parents homes, which has contributed to growing property demand in the country.

However, industry experts warn that the new regulations may result in a dip in property sales in the near term.

At the margins, youll definitely see some demand affected, Mr Lauchlan says.

What you may see is that homebuyers who need to get that extra 10% or 15% for their...

The State is stepping in to help former customers of a debt management company

LAFAYETTE, Ind. (WLFI) – A Lafayette debt management company closed its doors this month and now, the Indiana Department of Financial Institutions is stepping in to help customers.

With the closing of  Debt Doctors on State Street in Lafayette earlier this month, payments made by customers have not been applied to their debts.
DFI Consumer Credit Division Supervisor Mark Tarpey said the president of Debt Doctors, Norm Neiburger, died from cancer on June 3, 2012. He said because customers were left hanging, the DFI will be investigating claims from customers.

If they believe payments have been made to Debt Doctors or automated clearing house authorizations...

Can I stop a charging order with an IVA?

An IVA protects your property against charging orders

Once in place an Individual Voluntary Arrangement (IVA) prevents legal action being taken against you as an individual or your property.

As such if you are a home owner and you are in an IVA, your creditors are then not allowed to apply for charging orders against your home.

It is important to understand that if as a home owner you start an IVA, you will be required to release equity from your property if you are able to do so. However you remain in control and ultimately any unpaid debt at the end of the process is written off.

If you are using an informal debt management solution such as a Debt Management...

Approved motor groups

TWO of the UK’s largest dealer groups have become SAF Approved.

Eastern Western Motor Group, the second largest dealership group in Scotland, and Hartwell, with outlets across England, are the latest high-profile motor dealers to be awarded the status under the Specialist Automotive Finance (SAF) scheme. The announcement means 27 of the UKs biggest 30 dealers are now SAF Approved.

SAF was introduced by the Finance amp; Leasing Association (FLA) – the trade body for the motor finance industry – in 2007 to improve finance knowledge in showrooms and increase customer confidence in their dealer.

SAF Approved demonstrates to customers that a business has committed...

What about those free credit reports?

In 2011, when fraud-related losses exceeded $1.5 billion, identity theft again sat atop the list of consumer complaints to the Federal Trade Commission — for the 12th straight year. Unfortunately, if not surprisingly, credit protection and repair services — key weapons in preventing and combating ID theft — are also high on that list.

Taking pains to safeguard personal information and sensitive documents is your best defense, but keeping tabs on your credit report is critical to recognizing signs that your identity may have been compromised.

What about those free credit reporting services you keep hearing about? Are they really free? Yes, as long as you’re...

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