The Most Popular Cars for People With Bad Credit

Auto Loans

The Most Popular Cars for People With Bad Credit

The Most Popular Cars for People With Bad Credit

Most people put together a wish list of sorts before they head to a car dealership to buy a new set of wheels. It depends on your priorities, but you’re probably searching for a car that meets a few requirements, including cost, vehicle type and fuel economy. Here’s another thing to research: Does your desired… Read More

Auto Loan Delinquencies Edge Up Slightly

Auto Loans

Auto Loan Delinquencies Edge Up Slightly

Auto Loan Delinquencies Edge Up Slightly

Late payments on car loans remain low, but there has been a shift in momentum. After several quarters of consecutive year-over-year declines, delinquency rates ticked up in the fourth quarter of 2013 to the highest levels in a few years, according to data from the Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool The delinquency rate is… Read More

Auto Loan Interest Rates At All-Time Low

Auto Loans

Auto Loan Interest Rates At All-Time Low

Auto Loan Interest Rates At All-Time Low

Interest rates for new-car loans were at a record low last quarter, according to Experian Automotive. The rates fell to 4.27%, the lowest rate seen since Experian first started publicly reporting the data in 2008. Not only did interest rates go down in the third quarter, the average credit score of a new-car loan borrower… Read More

Is Now a Good Time to Buy a Used Car?

Auto Loans

Is Now a Good Time to Buy a Used Car?

Is Now a Good Time to Buy a Used Car?

Prices for used cars are at a four-year low, and poised to drop even lower, car experts say. The reason: Americans are finally buying new cars, and their trade-ins are adding supply to what had been a tight market. The average price of a used car dropped 2.8% in the third quarter to $15,678 from… Read More

How to Get a Car Loan

Auto Loans

How to Get a Car Loan

How to Get a Car Loan

I bought my first car from my parents. It had lots of miles and no frills — not even air conditioning — but the price was right and they sold it to me cheaply enough that I could pay cash. My second car, though, was a gray Mustang convertible I found in the classifieds (no… Read More

Can I Refinance My Car Loan?

Auto Loans

Can I Refinance My Car Loan?

Can I Refinance My Car Loan?

There are two main reasons why people refinance auto loans: 1) To lower the interest rate they are paying and 2) to reduce their monthly payment. You may be able to do both when you refinance, and save hundreds or thousands of dollars in the process. As you look into refinancing, keep in mind that… Read More

Help! I Need to Get My Ex Off My Car Loan

Auto Loans

Help! I Need to Get My Ex Off My Car Loan

Help! I Need to Get My Ex Off My Car Loan

We’ve had many readers write in after a divorce, asking how to go about separating their assets with their ex-spouse. One of the most common questions is how to remove an ex from a car loan and title. Here’s how to do it. You’ll need to refinance the auto loan into your own name to… Read More

Volvos: The Car of Choice for the Credit Elite

Credit Score

Volvos: The Car of Choice for the Credit Elite

Volvos: The Car of Choice for the Credit Elite

When it comes to buying cars, it should come as no surprise that pricier vehicles tend to be favored by those who have high credit scores, and new research suggests just how much a vehicle’s price tag plays into the buyer’s ability to obtain financing for it. Generally expensive cars come with significant credit qualifications… Read More

Credit Score Needed for New Auto Loan Drops

Credit Score

Credit Score Needed for New Auto Loan Drops

Credit Score Needed for New Auto Loan Drops

When consumers want to obtain financing to cover the cost of buying a new or used automobile, banks are now more willing than they were a year ago to extend loans to those with lower credit ratings. Auto financing extended to consumers with nonprime, subprime and deep-subprime credit ratings accounted for a greater portion of… Read More

Why Are Auto Loans the Easiest Loans to Get?

Auto Loans

Why Are Auto Loans the Easiest Loans to Get?

Why Are Auto Loans the Easiest Loans to Get?

If you have had trouble getting approved for a mortgage, a credit card or a personal loan recently because your credit isn’t up to par, you aren’t alone. We get readers writing to us often in our Credit.com Forum about their trouble getting access to credit, but one type of loan is already opening up… Read More

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