Monthly Archives November 2014

Credit Unions to Concentrate on Auto Loans

A recent survey by TransUnion finds that credit unions will be putting a great deal of emphasis on auto loans for the next twelve months Credit Unions and Poor Credit Buyers Here at Auto Credit Express weve always felt that consumers with bad credit that belong to a credit union owe it to themselves to […]

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Could A Bad Credit Score Make You Homeless?

Its common knowledge that poor credit makes it hard to apply for credit cards and get the best deals on loans, but did you know that having poor credit could make you homeless? Absurd as it sounds, the risk of becoming homeless due to poor credit is a very real threat. Credit History Is More […]

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Equifax Tracks Lost Auto Loans

A new service from Equifax allows credit unions to see what happened to auto loans they denied or otherwise failed to book. Dubbed the Lost Sales Analysis, the service tracks loan applicants who did not receive credit union loans to find out if they applied elsewhere. If they did, the report reveals the lender and […]

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Does Bad Credit Last Forever?

Theres no sugarcoating it: Going through foreclosure, bankruptcy or debt collection is unpleasant. When going through financial problems, it may seem like things are far from getting better, including your credit score, but having a few bad marks on your credit history doesnt mean youll never bounce back. Eventually, negative items will age off your […]

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Can I Refinance If I Have Bad Credit?

You can try to refinance your auto loan while you have damaged credit, but the results may not be what you hope. Refinancing is a great way of reducing the amount you owe in interest on a loan, and it can also be used to reduce your current monthly payments if you need some financial […]

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GM Financial Subprime Auto Loans Face Review in Florida

Florida Attorney General Pam Bondi is reviewing General Motors Co. (GM)’s lending arm to determine whether she has jurisdiction to join a widening investigation into its subprime auto-loan underwriting practices. GM Financial, which specializes in loans to people with spotty credit, has disclosed that attorneys general of states it didn’t identify and other government offices […]

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Beware of the Credit Vampires

Scouring the web, looking to secure a bad credit auto loan? Beware of the predators lurking in the shadows of the web, with their clever phrases and pre-built websites, which may appear normal upon first glance. The credit vampires, who disguise their fangs in the form of colorful banners and buzzwords, lie in wait for […]

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