Posts Tagged ‘auto loans’

should i buy a 2nd car then give my current car back to lender due to negative equity?

Wednesday, March 3rd, 2010

i went to a dealership to trade my vehicle. due to the negative equity the dealer said it would be a good idea to buy a new car today and give my current vehicle back to my current lender. i have never heard of anything such as this before, and wondered if anyone else had either.

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What do you know about Option Arms and Altay loans, this is what's next to fail?

Thursday, February 11th, 2010

First wave of sub-prime mortgage defaults over.

Second wave of mortgage defaults coming now to higher quality credit risks. These are people who have bought homes in the last five years and who have taken out home equity loans. Mortgages now going under water owe more than house is worth. This wave of defaults will take upwards of 10 to 12 months to clear.

Third wave of mortgage defaults due to begin this year and continue through 2011 are Option Arms and Altay; as payments are automatically resetting to higher rates. We saw some fail last month because of a 3% rate hike, next month is the beginning of the end as rates start to climb even higher.
Estimated – 8 million defaults in next four years.

As if this is not enough we have the next huge failure to come in the commercial real estate market, that will make the sub-prime fiasco look like kids play!

Then comes credit cards and auto loans in the end.

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I am in major trouble with my credit cards.?

Wednesday, February 10th, 2010

I am three months behind on making a payment and I do not have the money to pay them. What should I do and should I consider calling a Credit counselor and if so can anyone suggest one.
I have a home equity loan, car loan, three credit cards and my bank account is over drawn. All of my house bills come stright out of my bank account so now my account is being charged 35.00 everytime this happens. For this month I owe approx. 2500.00 and have no way of coming up with that money. Someone please help me I am desperate.

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Calculation question, what is better to pay off overall with consideration to tax deductions…?

Sunday, November 15th, 2009

I am trying to decide what is best to start using my extra money to pay off…a student loan at 5.4%, an auto loan at 4.99% or a heloc at 7.75% I know student loans and heloc interest is tax deductible, but assuming these deductions don’t affect a change in bracket (tax rate) what is the calculated difference in interest saved (assuming 15% bracket) on whether to pay which of these three….(I guess I’ve always been told pay non-deductible first, but with these numbers I just don’t see how that adds up…and most importantly how do I actually calculate the real interest I’m paying on tax deductible interest so I can compare it to nondeductible rates…) thanks in advance for any help!

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Late payment of home loan?

Wednesday, October 14th, 2009

I have been late due to a death of a spouse. Each time I call or talk to a representative I am NEVER given the same answer. I was even told "don’t call until you are 120 days late and then we will repossess. They refuse to work with you and offer no help except..can’t wait to get your house. Well, I can’t wait to get rid of this bank. Unfortunately bad credit but I do have alot of equity in the house. What am I to do?

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what is meant my a uncollateralized loan?

Tuesday, October 13th, 2009

a a loan not backed by a cosigner who agrees ot cover the amount of the loan
b a personal loan without assests to cover the loan amount
c a home equity loan
d a loan taken on a life insurance plan

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Buying a home and needing money to renovate?

Monday, September 28th, 2009

I am trying to sell my house and I want to buy a fixer upper that is liveable, but needs extensive renovation work. How can I get money on top of the loan to use to do repairs? I was told I wouldn’t qualify for a home equity loan because I will not have lived in the new house long enough.

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What does it mean when the FED slashes the interest rate.?

Thursday, September 24th, 2009

i know it impacts how much consumers pay on credit card debt, home equity lines of credit and car loans but what else. Thanks

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What to do if you have Negative Equity on an Auto Loan?

Saturday, September 12th, 2009

I currently have about 00 negative equity on my auto loan. I don’t know what to do because I need to sell my car but I cannot get what I owe. I can’t come up with the 00 difference. The reason I want to sell it is because my payments are way to high..about 0/mo and I can’t afford it. My credit isn’t that great either. I have been to many dealerships and they will not finance an older car and lower my payment. I can get a newer car but have the same payment, wich doesn’t help me because that’s the entire reason I need to get rid of this car. Very Frustrating! I don’t know what to do….ANY SUGGESTIONS WILL HELP.

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Related ‘auto loans’ sites :


Auto Loans - Capital One Auto Loans, Car Loans and Auto Financing
New auto loan rates as low as 3.95% APR. Apply online and lock in competitive auto loan rates for new car loans, used car loans and auto loan refinance. ...
www.capitalone.com/autoloans
 
Auto Loans and Car Loan Rates Advice by Bankrate.com
Need an auto loan or car loan rates? Bankrate.com offers rates and car loan advice to help.
www.bankrate.com/brm/rate/auto_home.asp
 
New Used Auto Loan, Car Finance, Refinance : myAutoloan.com
Apply online - get up to 4 loan offers at competitive auto loan rates for new car loans, used car loans and auto loan refinance. ...
www.myautoloan.com
 
Auto loan calculator, car loan payment calculator by Bankrate
Auto finance calculator for car loan paymentsr: This auto loan calculator figures monthly payments and shows impacts on an amortization table schedule.
www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
 
CHASE: Car Loans, Auto Loans, Car Loan Finance & more
Chase auto loans make finding the right auto finance option simple. With dealer purchase car loans, refinancing options & competitive rates, you can ...
www.chase.com/auto-loan/car-loan.htm
 
Autoloan.com
All credit accepted, but poor credit auto loans a specialty ... You've reached a national leader in online auto loans (in business for 20 years with more ...
www.autoloan.com
 
Auto Loans - Apex Auto Loan - Bad Credit Auto Financing Loans
Auto loan programs available for all credit including bad credit auto loans. You can qualify for auto financing loans online in less than two minutes through...
www.apexautoloan.com
 
Auto Loans: Apply for an Auto Loan Online from Bank of America
With Bank of America auto loans, you'll get fast online decisions and competitive rates with terms up to 72 months. Buying a new car? ...
bankofamerica.com/.../index.cfm?template=auto_loans
 
Car Loan - Auto Loan - Car Loans - Auto Loan Refinance
Request an auto loan and let our network of auto lenders compete for your business. Refinance your car, motorcycle, or truck. Save by refinancing.
www.lendingtree.com/auto-loans
 
Lending Tree
Online loan center featuring mortgage, auto loan/lease, home equity, credit card, personal loan, and debt consolidation services.
www.lendingtree.com
 

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