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Archive for the ‘Vehicle Loans’ Category

Why do Auto Lenders ask for References?

Monday, February 8th, 2010

Studies have show that the more references that a borrower has, the better credit risk the borrower is. Why? There are actually several reasons, but the most obvious is collect-ability.
Why do references make my loan more collectible?
At the risk of answering a question with a question, what do you think happens when you are late for an [...]

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

Prestige Financial Stops Doing Business in Washington State

Friday, January 23rd, 2009

Prestige Financial is no longer accepting auto loan applications in the State of Washington. Prestige was Washington’s leader in bankruptcy auto financing.

Bank Bailout Helps Washington Lenders.

Tuesday, January 13th, 2009

On NPR this morning I listened to bank executives  explain how the federal bail out money is helping their institutions and what that means for consumers.
This money is not only going to the big national banks, but to smaller regional and local lenders as well.  The institutions receiving money are, for the most part, not [...]

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. They [...]

Are Extended Warranties Worth the Cost?

Friday, September 5th, 2008

The Case for the Extended Warranty
While many manufacturers are offering longer warranty coverage on their vehicles, the debate about buying an extended service contract when purchasing a used car has resurfaced.
At Washington Auto Credit we suggest using common sense when buying a car.  We help people find vehicles that will fit their budget rather than trying [...]

Prestige Financial Lowers Payment to Income Ratio

Saturday, August 2nd, 2008

Prestige Financial has decided to do less loans. Zions Bank decided to do no auto loans with dealers.

Creative Uses of Your Economic Stimulus Check

Tuesday, April 15th, 2008

What does the government do when the economy slows down during an election year? Give money back to the hard working people of the country. Car Loans are not the only thing we could think of to spend the money on. With only a couple of weeks or so until the money starts going out, [...]

Buy a Car with Bankruptcy it is Easier than you think.

Wednesday, April 9th, 2008

Some people think of a Bankruptcy as a last resort. I talk to customers all the time who are a few months behind on every bill they have (including their mortgage or rent) and still want to try to buy a car. It baffles my mind that someone can think that it might be a [...]

Car Dealers Lie to Another Customer with Bad Credit

Thursday, March 27th, 2008

It happened again. We had a couple apply for an auto loan at www.WashingtonAutoCredit.com exactly 2-months ago. We were honest with them about their vehicle options, and they decided that they wanted to try other dealers because we let them know that a seven passenger SUV was not going to be possible for them without [...]

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