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Archive for the ‘repossession’ Category

Can Co-Signing for a Car Loan Ruin My Credit?

Saturday, September 26th, 2009

Yes, Your Credit is at Risk. If someone asks you to co-sign for them on an auto loan, think long and hard about it. By choosing to be the co-applicant

Why Credit Bureaus are Wrong

Thursday, August 13th, 2009

Why is my credit still bad? So you paid all of your collections, your old credit cards that were once charged-off are now paid-off or settled. Why does your credit report still look like you have never paid anyone in your life? The reason is the old creditors do not really care about making sure [...]

Avoid Vehicle Repossession

Thursday, March 12th, 2009

If you are behind on your auto loan, or you know you will soon be behind, read this article for helpful tips on how to avoid a vehicle repossession.

Violence Between Repo Men and Car “Owners” on the Rise

Friday, February 27th, 2009

Violence between repo men, car owners on the rise Check out this article in Yahoo News. There is some very good information here on the state of our economy, and the desperation of some borrowers that cannot pay their bills anymore.Being a repo man is a very difficult job, but if you can handle the [...]

I Can’t Make My Payment – Can I Keep My Car?

Saturday, September 13th, 2008

When you finance a vehicle you have certain rights, but so does the financial institution who gave you the loan. When you stop making your monthly payments, the financial institution may start the repossession process. When this happens, a repossession company can come collect your vehicle from your property or wherever the car is parked. [...]

Banks Stop Lending on Trucks and SUVs

Saturday, June 14th, 2008

Several “sub-prime” or “secondary” auto lenders recently change their lending guidelines to reflect current market conditions. When gas got up to $3.00/gallon, consumers barely flinched. Maybe because they could see it coming for a while. Once gas hit $4.00 to $5.00/gallon it changed the way people thought about their cars, their lifestyle, and their budget.

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