Since the past few years consumers have been struggling to obtain approvals on auto loans. High rejection rates, stringent credit requirements, vigilant processing, cumbersome documentation, and various other hurdles have made the process of obtaining auto loans extremely cumbersome. We, at Loans.net, live on the philosophy of “Serve Thy Customer” and in furtherance of this [...]
Auto Loans
Sep 04, 2012 – A new trend is happening among consumers and many industry analysts did not see this coming. Consumers all over the United States are starting to prioritize their bills. Prioritizing their bills is not the surprise, it is which bills come first on the list. Many consumers are choosing to pay for [...]
In the past, it was very difficult for consumers to get approved for loans if they had bad credit. It was also difficult for consumers to get approved for loans with less than great credit. Consumers quickly became obsessed with credit scores. Without a high credit score, getting approved for a loan was next to [...]
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It’s really pretty funny when you think about it. People go online and clip coupons to save money on just about everything under the sun; however, when it comes to cars and car loans, most people take the first car loan offered to them. Maybe it’s the adrenaline rush of being overly excited about owning [...]
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With the rising cost of gas prices these days, everyone is trying to find ways to save money on many of the things they need. For most people, a car is a necessity and while they can try their best to find lower gas prices to save a few bucks here and there, another way [...]
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Do you remember your first car? How the passenger door wouldn’t close all the way and the light on the ceiling of the car would stay on. Well, maybe that wasn’t your exact situation, but I bet you couldn’t wait to buy something that didn’t give you as many problems. And while you probably have [...]
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The Rule of 78’s sounds like a sort rule that you would come across in a game of cards, but this rule is often used in the loan industry. It is also commonly referred to as the Sum-of-the-digits or figuring prepayment penalties on pre-computed car loans. What is the Rule of 78’s? This rule [...]
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Recent news about the influx in student loans and auto loans brings much needed optimism about the recuperating economy in the U.S. The Wall Street Journal states that the borrowing of car loans, students loans among other types of financing increased by almost 10 percent in November, and a little over 9 percent in December–even [...]
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Many people make the mistake of purchasing a car they cannot afford. In fact, according to Edmunds data in 2010, close to 22 percent of the U.S. population owed about $4000 on their trade in. What factors influenced consumers to make such hasty decisions when purchasing a car? Well, many people blame the auto industry [...]
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Close to 25 percent of Americans are plagued by bad credit. Having a poor credit score affects your ability to obtain a good deal on a car loan. Most bad credit car loans charge much higher interest rates–meaning you pay a lot more money out of pocket for the same exact car than someone who [...]
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