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0% Car Financing

September 15, 2009

JD Power has published a Dealer Finance study showing that zero percent car financing has been one of the strongest sales incentives ever developed.  These programs gained great popularity in the wake of the 9/11 attacks.  GM introduced their program called “Keep America Rolling,” which offered zero interest loans on nearly every model in their [...]

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Auto Loans for People with Bad Credit

September 15, 2009

Bad credit is a widespread trend among American consumers.  Recent studies on the subject estimate that 100 million Americans have a credit score of 640 or less.  That’s 30-35% of the entire population!
In these turbulent economic times, getting an auto loan can be a hassle for people with bad credit.  Banks just aren’t extending [...]

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The Green Car Loan Program

September 10, 2009

Most auto loans fall into the $10,000-$25,000 range.  These, of course, are for regular consumers like you and me.  But the Department of Energy (DOE) has recently introduced its Advanced Auto Loan Program, where green car manufacturers can apply for, say, a $400 million car loan!  We all know what hard times have befallen US [...]

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Maximizing Credit Mix

September 9, 2009

Credit mix refers to the variety of lines of credit you have.  According to Mr. Credit Card, credit mix makes up a full 10% of your FICO score.
Lately, a trend seems to be emerging where borrowers with solid income and good credit, 700+, are running into trouble getting approved for installment loans due to insufficient [...]

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