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If you can't prove that you can make the auto loan payments, you will have a hard time getting approved to buy a car. This is where income verification comes into play. In the car loan approval process, it is one of the most important factors lenders look at, especially in this economy.
"In the past, if you had a decent credit score, you didn't need income verification," says Tony Dupaq[...] .. Read More.
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Before you fill out an auto loan application and buy a car, you need to cross two major financial bridges first. Preparing your finances before you purchase a vehicle will help you save money on the car and its loan or lease.
“First, check your credit score and see where it is and work on getting it up if need be,” says Jean Chatzky, To[...] .. Read More.
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I recently received a letter from my credit card company, Chase. It wasn’t even in an envelope. It was simply folded and lightly glued together. Honestly, it looked like junk mail. But I opened it anyway. It’s a good thing I did.
Inside, I started reading the complicated credit card jargon. Chase basically told me they were doubling my interest rate on Dec. 1 and if I didn’t agr[...] .. Read More.
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In the current economic downturn, all we hear in the media is that there’s no credit available and it’s nearly impossible to get a mortgage, auto loan or credit card. We see stories of lenders being afraid to take risks on consumers and we hear about a lack of money to lend to consumers.
Now that economists and even the Federal Reserve Chairman say things have hit bottom and are start[...] .. Read More.
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