UNSOLICITED TESTIMONIALS

From Satisfied Users of the Church of St. Simon Magus Prayer Rug.Yes! It’s true! ... Horizon for no money down and no monthly payments till July, bad credit/no credit OK!——L.R. ... ? Listen to these unsolicited testimonials from people just like you! I needed a car for my job [more...]

Date: 2009-01-05 00:00:47

Blog posts (18) | Videos (35)
 

Read Professional Tips - Car Finance Loan

There are varieties of auto finance. Anyway in most of them it is a common thing that if a person has some money for the down payment ... out his credit report first of all. Actually the credit report plays a big role in getting a better deal, which means the loan on a reasonable rate of interest. A bad credit score puts the borrower [more...]

Date: 2008-12-23 22:26:48

“Economics in One Lesson” on government loans and government-backed credit

(LATER: Links weren’t working before. Fixed.) From the Credit Diverts Production chapter of Economics in One Lesson (emphasis mine) ... payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people [more...]

Date: 2008-10-22 02:58:26

There’s more to the mortgage relief bill than just mortgage relief

This is my column for this week from the Arizona Republic (permanent link) ... 1st, seller-paid down-payment assistance grants will be outlawed for FHA loans. This is bad news ... down-payment assistance, introducing the new-buyer tax-credit and revising the capital gains exclusion [more...]

Date: 2008-08-09 15:10:25

Are Seller Assisted Down Payment Programs Bad For FHA?

In answer to a recent comment on my post “H. R. 6694 Passes Out Of Committee” I made the statement that: ... for their default rates. FHA programs aren’t the problem bringing down the credit industry. With seller ... business, buyers had to put down essentially 5%. FHA is a self supporting program where [more...]

Date: 2008-10-16 21:27:28

Why would anyone buy a home today?

From MarketWatch: Home buyers advised to look before they leap Fox-Pitt Kelton home-builder analyst Robert Stevenson said Wednesday he thinks this year will turn out to be “a bad time to buy a home” as the U.S. economy loses more jobs ... or no down payment and shaky credit scores are long gone. For buyers, the big fear is purchasing [more...]

Date: 2009-01-07 18:21:09

Finding Money for your Borrowers

With the credit crunch in full swing, investors should start to pay attention the the lending options available to their buyers ... with a down payment.  While this is not a bad thing long term it certainly is not good for sellers come ... Rural Home Loan Program has been an alternative solution for those that buying and selling homes [more...]

Date: 2008-08-07 22:30:34

How I Got Bad Credit

July 31, 2009 | By Frances Lexington In Finance | by Frances LexingtonA few months, I went through some rough moments in my life. I got laid off after the company I worked for went down. The bills piled up and I was unable to make my monthly payments. Eventually, all of my credit card accounts were charged-off and sent to collection agencies.My life became a living hell of collection calls and non-stop harassment from debt collectors. [more...]

Date: 2009-07-31 23:37:24

Why buy when you can rent?

for-rent-2.gif There are times besides a bad housing market that renting is the smart thing to do, suggests Christine O’Kelly at Beal Properties ... . A ding on your credit. It will buy you time to improve your credit score and save for a down payment [more...]

Date: 2008-09-04 02:07:37

I Need a Car Loan & I Have Bad Credit – How Can I Get Auto Financing?

If you’ve got credit problems and need a car loan, you’ve probably been to the dealership, they’ve told you that it’s going to be hard and maybe even impossible without a down payment. It’s aggravating and you need some answers. With so many hard wor… Share and Enjoy: [more...]

Date: 2009-09-22 23:31:47

New Hyundai Incentive: No-Penalty Return if You Lose Your Job

Assurance Losing a job is bad. Losing a job shortly after buying a new car is worse ... of transportation and put that money toward a down payment? What becomes more important: your credit score [more...]

Date: 2009-01-05 18:30:13

I Need a Car Loan & I Have Bad Credit – How Can I Get Auto Financing?

If you've got credit problems and need a car loan, you've probably been to the dealership, they've told you that it's going to be hard and maybe even impossible without a down payment. It's aggravating and you need some answers. With so many hard wor... [more...]

Date: 2009-09-22 23:31:47

Credit Default Swap

A few months ago as the credit froze and the markets crashed, I said I would write about Credit Default Swaps (CDS) ... a mess, this just as bad and melting down as well.  Here’s the Wikipedia definition ... guarantee” the risk of a loan in exchange for payments from the seller of the bond.  NPR defines [more...]

Date: 2008-12-09 14:00:34

Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger

From Talking Points Memo: If you have a real story, you don’t have to make up phony stories. That’s pretty straightforward ... with so much bad debt that the banks can’t trust each other to repay loans. This creates a situation in which the system of payments breaks down. That would mean that we cannot use our ATMs or credit cards [more...]

Date: 2008-09-29 23:25:39

Lala Land

Blink and you may miss another government bail-out, loan guarantee, federal plan to alleviate a bad or unwise mortgage, a suggestion for more government funds for a more aggrieved constituency, or credit-card relief ... that there were no Americans who chose to rent until they could pay a suitable sum as a down payment, or bought [more...]

Date: 2008-12-16 00:47:41

Race based social engineering led to current economic crisis

Race based social engineering led to current economic crisis Diana West is one of the few with the guts to say it: ... for minorities. To implement this policy, banks had to overlook traditional markers of good and bad risk--credit histories, employment, down payments, etc.--thus opening up the housing market to loan [more...]

Date: 2008-10-06 07:25:01

Houses, Credit Reports, Lenders….ACK!

Wondering about buying your first home? Are you ready to move up or down-size? Have you heard they aren’t making loans any more? ... gift’ you cash for a down payment. AND *You don’t need stellar credit with FHA loans! Bad things ... your needs. *Good credit; your credit score needs to be 620 or higher, in most but not all cases. FHA [more...]

Date: 2008-11-08 12:00:06

How To Buy A House

There has been a lot written about the mechanics of how to buy a house ... again you might even need a down payment to get a loan. A bad credit rating no longer just means ... . But what if you can’t get preapproved? What if you have little income, bad credit or other serious problems [more...]

Date: 2009-01-13 02:01:00

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