Are Car Loans the Next Financial Crash?

Many economists are predicting that auto loans could set Americans up for another financial crash. New cars cost an average of $35,000. That is a considerable uptick from the average several years ago – $31,000. Given that 86 percent of all Americans use a car to get to work, something wicked this way might be
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College Students: Don’t Ruin your Credit

Being on your own for the first time can be exciting and liberating, but be mindful not to make the following credit mistakes that could haunt you for a very long time. Abusing easy credit As a student, you are an easy target for credit card companies. You are easily approved and can spend money
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Can credit affect student loan approval?

Can credit affect student loan approval?
  According to Fox Business, “If you’re applying for a federal parent PLUS loan, a student PLUS loan to pay for graduate school or if you need private student loans to cover a funding gap, your credit history will come into play.” Many times, students just going into college or even graduate students don’t have
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CNN Money: A guide to saving for college and beyond

The Credit Repairmen wants to provide our customers with the best practices and advice from like industries. This is just one guide for saving money for college and throughout college. The most important thing is to keep up with payments to any loans you may have to take out and create a budget. It’s easy to
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Understanding the cost of college

It’s not often that high school students really understand the cost of college or how they (or their parents) are going to pay for it. Even with advising from counselors, high school seniors are thinking about friends, events and college life rather than the boring, grown up information that’s actually going to get them into
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Bankruptcy No Longer Preventing Auto Loans, Reports BadCreditAutoLoans.me

An article released by badcreditautoloans.me informs consumers that auto loans are accessible, even after bankruptcy: “Auto loans themselves are a great way to build credit
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Trend toward longer loans poses no threat yet, Manheim analyst says

In the long run, long-term loans raise the risk that consumers will owe more than their cars are worth at trade-in time. That makes it harder to finance the next purchase
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Car refinancing: Risks & benefits of auto loan refi

Refinancing involves transferring your car's title -- official ownership -- from one creditor to another. "If your credit score improves, even by just 50 points, you should
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Car refinancing: Risks & benefits of auto loan refinancing

Refinancing involves transferring your car's title -- official ownership -- from one creditor to another. "If your credit score improves, even by just 50 points, you should
Read more
No Comments