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Junk Cars Still Being Sold !!

In May there were 7,000 to 10,000 vehicles that were covered by insurance were soaked by floodwaters that hit Texas. And that's not including the c..

GM has 4 in the running for Car of the Year

General Motors Co. has four cars in the running for the 2016 North American Car & Truck of the Year, according to a list of semifinalists that has..

Best Practices for Tech Savvy Millennials

Online Lending – Best Practices for Tech Savvy Millennials The online lending marketplace is a rapidly evolving environment that will continue..

Who are the tops at the J.D. Power Quality Awards?

GM, Hyundai, Nissan, VW top J.D. Power quality awards For the first time ever Japanese automakers — long known for their high quality — ..

GM, Hyundai, Nissan, VW top J.D. Power quality awards

For the first time ever Japanese automakers — long known for their high quality — have fallen below the industry average for initial quali..

FTC & Dodd-Frank for the Auto Industry ?

Sen. Elizabeth Warren (D-Mass.) recently announced that she wants the Consumer Financial Protection Bureau (CFPB) to apply the Dodd-Frank Act to autom..

Installment Loans VS. Revolving Credit

There are basically two kinds of credit: installment loans and revolving credit. Knowing the difference is important and using the right option in the..

Make sure you verify your debt by asking qualifying questions

CFPB penalizes 2 debt buyers; action tops $70M Wednesday, Sep. 09, 2015, 02:17 PM UPDATED 2:23 PM By SubPrime Auto Finance News Staff WA..

Self Driving Cars

Newest self-driving Google car is heading to the streets The latest version of Google's self-driving car - a pod-like two-seater that needs no gas p..

Lack of demand pushing smaller car prices down at auction

Nobody is buying smaller used cars at auctions these days. Prices are falling as demand for SUVs and luxury vehicles continues to increase. Prices for..

Why Use Credit Scores to Set Car Insurance Rates?

By: Robert Hennelly MoneyWatch July 30,2015 A nationwide survey of auto insurance quotes by Consumer Reports shows that credit history plays a bi..

CFPB Considers Proposal to End Payday Debt Traps

Proposal Would Cover Payday Loans, “Interest Only” Vehicle Title Loans, and Certain High-Cost Installment and Open-End Loans. WASHINGTON..

Latest CFPD Study: Arbitration Agreements

BY SUB PRIME AUTO FINANCE NEWS STAFF In the latest regulatory claim about what finance companies might be doing wrong, the Consumer Financia..

Warren Buffett - The Car Dealer?

Warren Buffett is one of the wealthiest individuals in the world and one of the most successful investors in the history of business, with assets stre..

2015 GAS PRICES ARE SO LOW…

American driving in ’15 hits all-time record Washington — American drivers in the first three months of the year hit a record high in mi..

Vehicle Depreciation to Approach 15% in 2015

LAWRENCEVILLE, Ga. - Along with explanations for why lease residuals will be under pressure and late-model depreciation will be considered as &ldqu..

Vehicle Depreciation to Approach 15% in 2015

LAWRENCEVILLE, Ga. - Along with explanations for why lease residuals will be under pressure and late-model depreciation will be considered as..

Be Careful With Risky Long-Term Car Loans

There comes a day in every car owner's life when she knows, it's time. For Carolyn Ballard of Atlanta, that was on a hot day last July, while driving ..

FTC Takes Action Against Two Auto Dealer Chains for Repeated Advertising Violations

The Federal Trade Commission (FTC) announced on December 12 that it is taking action against two auto dealer chains for deceptively advertising the co..

Inquiries Effect on Credit Scoring

Many people have heard before that inquiries lower the score. As a result many customers will ask you whether this is true or just a myth. Inquiries..

Why the Old BHPH Ways Do Not Work Like They Used To!

I frequently receive phone calls from buy here, pay here (BHPH) operators who complain that the deep subprime auto market has changed. Reasons cited a..

Are They Being Careful or Just Clever?

It’s not yet a compliance mandate issued by a state or federal regulator, but EZWay Auto Sales doesn’t immediately release the payoff amou..

The FTC Cracks Down on “Deceptive” Car Dealership Advertisements

Federal Trade Commission Cracks Down on “Deceptive” Car Dealership Advertisements: By Diane Bartz Jan 9 (Reuters) - Nine auto deale..

Top 10 New & Used Models for Sub-Prime Buyers

IRVINE, Calif. - More than a dozen trends arose when CarFinance.com examined its full-year financing data to find out the Top 10 new- and used-vehi..

What is AnnualCreditReport.com?

AnnualCreditReport.com is the ONLY authorized source for the free annual credit report that's yours by law. The Fair Credit Reporting Act guarantees y..

Is the Tesla Model S the best-selling luxury car ?

What’s the best-selling high-end luxury car in the US? If you guess the big BMW, Lexus or Mercedes- Benz sedan, you’d be close to correct...

Which Electric Car Is Fastest?

Debate still rages on the best way to sell electric cars. Should automakers be boasting of their environmental credentials? Or should they talk in a..

GM BREAKS ITS SALES RECORD !

5 MILLION VEHICLES SOLD IN 2013 General Motors Co. expects 2013 sales of Chevrolet vehicles to reach 5 million for the first time in GM’s 1..

Beware of automobile cyber attacks!

YOKOHAMA, Japan -- Imagine cruising down the highway when the brakes suddenly give out, or sitting in a parking lot when your doors unlock by themselv..

FTC Takes Action Against Advertising Violations

FTC Takes Action Against Two Auto Dealer Chains for Repeated Advertising Violations The Federal Trade Commission (FTC) announced on December 1..

President Signs an Executive Order Concerning Identity Theft

President Obama on Friday October 17, 2014 signed an executive order that calls for increased credit card protection measures for some federal benefit..

Consumer Complaint Volume Jumps 80 Percent

WASHINGTON, D.C. - The Consumer Financial Protection Bureau said in its annual report that consumer complaint volume increased 80 percent in 2013, ..

Keep Automotive Retailing & Financing Competitive for Car Buyers

In an annual speech to the Automotive Press Association, NADA offered a solution to address the CFPB's fair credit concerns while preserving the robus..

Beware of automobile cyber attacks !

Car hacking; Now we have to worry about our cars too…Really ! Beware of automobile cyber attacks ! YOKOHAMA, Japan -- Imagine cruising down ..

Henry Ford's Great-Great Grandchildren Join the Family Business

Calvin Ford, 29, knew as a child where he would probably wind up working as an adult. But he took his time getting there. He spent his first few yea..

Late-Payments on Auto Loans are Increasing

Late-Payments on Auto Loans Increased in 4Q U.S. car owners are carrying higher auto loan balances but still making timely monthly payments. A..

10 Questions To Ask When Buying A Used Vehicle

10 Questions To Ask When Buying A Used Vehicle; Don’t be intimidated when buying a used car from a used car dealer. Make sure you have done..

Automakers offer tempting deals to draw in buyers

December Brings Record Spending on New Cars Automakers offer tempting deals to draw in buyers. by Joseph Szczesny on Dec.23, 2013 With millio..

House Democrats Are Picking on the Auto Loan industry Without Good Reason

Thirteen Democrats in the U.S. Congress have asked the Consumer Financial Protection Bureau for details on how it plans to enforce new rules on discri..

Best Car Design Since 1960s Drives U.S. Market Share Gain

Best Car Design Since 1960s Drives U.S. Market Share Gain By Keith Naughton - May 21, 2013 In the dark winter months before General Motor..

Keep Your Debt Level As Low As Possible

How understanding your debt-to-income ratio can help; Keeping your debt at a manageable level is one of the foundations of good financial health...

December Brings Record Spending on New Cars

Automakers offer tempting deals to draw in buyers. by Joseph Szczesny on Dec.23, 2013 With millions of dollars of television commercials airing..

A (Crazy) Federal Intrusion into the Auto Lending Industry!

There were many contributors to the 2008 financial crisis—including unsound housing loans and mortgage-backed securities, Fannie Mae and Freddie..

Ally may face fines on auto lending

Ally may face fines on auto lending · David Shepardson · Detroit News Washington Bureau Washington — Detroit-b..

Is Nicholas Financial on the Selling Block ??

CLEARWATER, Fla. — Is Nicholas Financial up for sale? It sure does seem so because for the second time in three years, Nicholas Financial retain..

A (Crazy) Federal Intrusion into the Auto Lending Industry!

There were many contributors to the 2008 financial crisis—including unsound housing loans and mortgage-backed securities, Fannie Mae and Freddie..

American Auto Sales, Best Performance in 20 Years

Detroit’s boom-and-bust history was built on a dependence on big, fuel-thirsty vehicles. Now, with freshly stocked showrooms of new cars and mor..

Paying Your Car Payment On Time Is A Good Thing:

Equifax: Total Outstanding Auto Debt at Highest Point in 4 Years While analysts found the number of consumers considered to be subprime borrowers is..

The Absolute Truth about Credit Repair

“Credit problems? No problem!” “We can erase your bad credit — 100% guaranteed.” “Create a new credit identity..

The Other Government Motors

Tesla by the numbers: How taxpayers made an electric car company Tesla's share price has soared this year on rave reviews for its electric car, g..

Tips for Financing After a Repossession

The bad news is, after you've had a vehicle repossessed, your credit will prevent you from getting the best financing deal at the lowest rate. It may ..

Personal Loans, secured with collateral:

Personal secured loans have a number of advantages over other loans that you can pursue. The biggest advantage is that finance companies and other len..

Personal Loans

With credit cards canceled and limits cut, consumers may be looking for new ways to get through the holiday shopping season, cover an emergency expend..

DEFERRED STUDENT LOAN PAYMENTS EFFECT AUTO SALES

CNW Research noticed subprime auto loan approvals rising year-over-year by at least 40 percent for the span from September of last year through Januar..

U.S Senate Targets “Payday Loans”

In an effort to effectively end the high interest rates charged to consumers who take out short-term – or payday – loans, a group of U.S. ..

GMC Dealers Honor Military & First Responders

Just in time for Memorial Day, Dallas-Fort Worth GMC dealers are sending out a call for submissions honoring active duty military, veterans and first ..

Instant Payday Loans

Instant payday loans are usually more about finding a quick way to get money and not worrying as much about finding the cheapest lender. That obviousl..

U.S Senate Targets “Payday Loans” For Excessive Interest Rates

In an effort to effectively end the high interest rates charged to consumers who take out short-term – or payday – loans, a group of U.S. ..

Alternative Credit Reports On The Way ?

The Great Recession affected each of us. Many people lost their houses, their jobs and their ability to use credit to make purchases, big or small. Mo..

What is AnnualCreditReport.com?

AnnualCreditReport.com is the ONLY authorized source for the free annual credit report that's yours by law. The Fair Credit Reporting Act guarantees y..

A Look at Installment Loans versus Revolving Credit:

There are basically two kinds of credit: installment loans and revolving credit. Knowing the difference is important and using the right option in the..

Feds warn Banks and Credit Unions; Stop Allowing Auto Dealers to Charge Consumers Extra Interest! (T

The U.S. Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle loans and interest-rate markups by auto d..

STOP Legalized Loan Sharking (Pay Day Loans)

Tampa Bay Times Editorial: Payday loans are short-term loans with triple-digit interest rates made to cash-strapped borrowers regardless of their..

A Look at Installment Loans versus Revolving Credit:

There are basically two kinds of credit: installment loans and revolving credit. Knowing the difference is important and using the right option in the..

Auto Dealers are Telling Lenders:

Provide Consumers & Dealers with a “Residual Based Financing” Option to Lower Monthly Payments & Sell More Vehicles. The monthly..

Beware of Debt Relief Company SCAMS !!

Washington, D.C. — Debt got you down? You’re not alone. Consumer debt is at an all-time high. Whether your debt dilemma is the result of a..

Bogus FDCPA Lawsuits on the Decline

The total number of lawsuits filed in federal district courts by consumers seeking damages under the Fair Debt Collection Practices Act (FDCPA) declin..

OUCH!! Auto Prices could increase by 10% in 2013

Hear that whooshing sound? That's the auto industry letting out a collective sigh as last year turned out half-decent. Absent the natural disasters th..

2012 Vehicle Pricing Analysis:

USED VEHICLE PRICES December Closes Year Out on a Strong Note; Despite pressing fiscal cliff concerns, wholesale price movement in December ..

White Is The World's Most Popular Car Color

The 2012 DuPont Automotive Color Popularity Report is in, and it seems dealers may want to stock lots of white vehicles, but cut back on the silver on..

Automobile Sleigh Develops Speed of 35 Miles an Hour on Snow Roads

LESTER COBB, of Norway, Maine, has invented an automobile sleigh which will not mire in ruts or drifts of snow. It drives and operates like an automob..

Who Reports What For Credit Information?

Credit Card Trade Lines, Debt Collection Disputes Stand Out In CFPB Report On Who Reports What For Credit Information: The Consumer Financial Pro..

Beware of Work-at-Home Schemes

Be part of one of America’s Fastest Growing Industries. Be the Boss! Earn thousands of dollars a month from home! Ads like this are every..

Finalists for Car and Truck of the Year

There on the podium would be the brawny Ram 1500 pickup truck; the dainty Ford C-Max hybrid; and the sporty Mazda CX-5. A pickup, a fuel-sipping hatch..

Auto Finance and Personal Loans

Auto Finance, Personal Loans: Whether you’re buying your first car or replacing your existing vehicle, auto finance personal loans are often the..

U.S. Government Warns Credit Report Providers about Consumer Accessibility

WASHINGTON, D.C. — The Consumer Financial Protection Bureau took aim at the three major credit reporting agencies again this week. This ti..

7 Current and Former Auto Dealers Elected to Congress

All seven current and former auto dealers running for seats in the U.S. House of Representatives won on Election Day, mostly by comfortable margins. W..

STOP International Scams: 10 Tips for Being a Canny Consumer

Mass marketing fraud is a significant source of income for international crime rings. Con artists ignore geographic boundaries to reach out to potenti..

Borrow Local or Don’t Borrow at All!

Beware of Online Payday Lenders: If you need a short term loan, you may be tempted by ads touting online payday lenders. But before you click on a ..

Superstorm Sandy Will Raise Used-Car Prices Nationwide

An estimated 250,000 vehicles were flooded, compounding an already-tight used-car market. Experts say a typical car could go up $700 to $1,000 in the ..

Wring Out That Ride and Dry Your Ride: Submerged Older Vehicles May Be Salvageable

By PAUL STENQUIST (NYTimes) Stacy Albin of Lido Beach, N.Y., watched water rush into the street in front of her house during Hurricane Sandy. Saltw..

Hyundai, Kia Sued in U.S. Court for Overstated Fuel-Economy Labels

Hyundai and Kia face a federal lawsuit seeking class-action status and unspecified damages for consumers who bought vehicles with overstated fuel-econ..

Suzuki to Exit U.S. Car Market After Almost Three Decades

Suzuki Motor Corp. will pull out of the U.S. car market after almost three decades, following Saab Automobile and Isuzu Motors Ltd. among automakers m..

12 Ways to Save Money Now

1. Shave some extra cents off your gas costs by checking out GasPriceWatch.com to find the cheapest offerings in your area. For example, you’..

Monitoring your Credit file may lead to better credit?

CHICAGO — a new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, a..

How to Prevent Your Car from Getting Repossessed:

You can’t run and you can’t hide. But you can take steps to prevent creditors from seizing your car. If you’re behind on your paymen..

How Long do Items Remain on Your Credit File ?

Here is a quick breakdown of how long items, both good and bad, stay in credit files: Delinquencies (30 – 180 days): Can remain seven year..

79.9% Interest Rate Credit Card/ Highest Rate Ever Recorded!! Company says it is Priced for Risk…

If you have bad credit in the new era of credit card regulation, be prepared to pay -- dearly -- for the privilege of using credit. That's the message..

A Look at Installment Loans versus Revolving Credit:

There are basically two kinds of credit: installment loans and revolving credit. Knowing the difference is important and using the right option in the..

Balancing Your Checkbook

How to and Why to: Do you balance your checkbook every month? Many don’t, everybody should and here are some of the reasons why: 1. Balan..

Balancing Your Checkbook

How to and Why to: Do you balance your checkbook every month? Many don’t, everybody should and here are some of the reasons why: 1. Balan..

Ways to Avoid Bankruptcy Part II

Debt Settlement: This is a legitimate option, especially when you cannot keep up with the minimum payments on your debts. A debt settlement (or debt r..

Avoid Bankruptcy: Part I

Has your financial situation reached a point where you are considering bankruptcy as a way out of debt? Do you know how it can affect you now and in t..

Credit Reporting: a Brief History

Let’s take a quick look at how credit bureaus came into existence. Back in the good old days, if you applied for a loan, your credit file was or..

Six Basic “Avoid Identity Theft” Tips

Here are six basic tips that may help consumers better defend against identity thieves. 1. Avoid throwing away any private documentation - bills, c..

Beware of Credit Counseling

You have probably seen ads on television, the radio, and the internet promoting to “lower your interest rates,” “reduce your monthly..

3 Simple Steps to Building Credit

Step 1: Get a job and stable residence. Your employment status doesn’t directly impact your credit; but you can’t repay a loan if you d..

6 Best & Worst Ways to Borrow Money

1. Credit card cash advance. Most credit card companies offer customers the option to get cash via an ATM or bank withdrawal (sometimes it comes in th..

We are Growing!

We are happy to announce that we have expanded our lending area. Please contact our office for more information..

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