Buy Here Pay Here Car Lots on Bad Credit

by John Knight Buy here pay here car lots, do not worry about bad credit. We all know how difficult it is to get auto financing if you have bad credit. For that matter, anyone can take just about any kind of financing. There is an estimated 100 million plus of Americans having bad credit. That makes a third of the populace of the United States of America, or over a half of the people considered to be in the car-buying age group. At least you will not feel alone. The economy is really bad. [more...]

Date: 2009-09-29 19:12:01

Blog posts (594) | Videos (253)
 

Not with a bang but a whimper

This is how you lose liberty. If an FBI agent looks at a terrorist's library records or Larry Flint has to pay additional postage for child ... , this is a very bad idea: Sixteen House Democrats who opposed a similar bill realized ... mortgage interest rates closer to those on, for example, auto loans or credit cards. A bankruptcy [more...]

Date: 2009-01-08 18:55:08

George Osborne - Get the right perspective!

To read the ludicrous reporting of the recent events surrounding holiday visits to a yacht in Corfu it is clear that the story has led to a loss of ... to know him well but he must be given credit as the best tactician we have; he is an authentic Conservative ... with it in good times and bad. Who has made a bigger or more meaningful contribution [more...]

Date: 2008-10-23 09:44:41

Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!

by Addison Wiggin & Ian Mathias Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga Even the ... -Ukraine gas dispute not yet over… a reader provides firsthand account And… action ... $30 billion to stay afloat, analysts at Morgan Stanley predicted today. According to Morgan’s report [more...]

Date: 2009-01-14 07:36:46

Moral Hazard of the Coming Mortgage Bailout

“Why am I being punished for having bought a house I could afford? I am beginning to think I would have rocks in my head if I keep paying my mortgage.” -Todd Lawrence, Norwich, CT homeowner with a traditional 30-year mortgage > Herein lies the simple problem in trying to “save” so many mortgages: A huge swath of them should not be saved [more...]

Date: 2008-10-31 14:09:11

If You Have A Debt Problem, Then Admit It!

You Can’t Solve A Debt Problem If You Deny Its Existence.  If you have a major debt problem and want to end it, then go look at yourself in a mirror and say, "I have a huge debt problem, it’s suffocating me, and it’s taking away my freedom", or whatever words feel right to you. If it felt real and you shuddered, then you’re most likely ready to start getting out of debt, but if you think that having overwhelming debts is: a) no big deal,b) something that everybody has right now,c) something [more...]

Date: 2009-09-30 20:42:18

Opting For Bad Credit Refinance Is Like Walking On Thin Ice

Opting For Bad Credit Refinance Is Like Walking On Thin Ice by Angus GuyWondering whether it is possible to get a bad credit refinanced or not? Well, you can most definitely get a bad credit refinanced as there are several people who take to this recourse. Normally, your credit ratings dictate the future prospects of availing a further credit. However, despite the low credit ratings; Bad Credit Refinance is definitely an option available.The bad credit situation is a result of various factors. [more...]

Date: 2009-09-30 21:56:17

Profiting from Payday Loans in 2009

On an otherwise normal evening in 1964, a woman known as “Miss Witness” received a disturbing telephone call from alleged loan shark Frank Sacco ... . Prices are still crashing - currently sitting about 35% below a year earlier. Credit is nearly frozen. Banks and credit card companies alike are buckling down and leaving very little money free [more...]

Date: 2009-01-16 19:38:12

What is Your Real Risk Tolerance?

To my female readers, pardon the expression, but it is aggressive bear markets that separate the boys from the men ... crisis is sending the banking industry into the tank and with it stock prices. Credit is tightening and loan providers are making it much more difficult for people to get access to money. As a result [more...]

Date: 2009-01-14 11:00:49

Trouble for Barney and Friends

I’ve got many criticisms from Leftblogosphere because I continue to criticize the lending and borrowing practices that have left Fannie and Freddie ... in the 1980s.  I do think it is completely bad banking as well as unfair to everyone involved to place people in mortgages that they cannot possibly pay.  I’ve always supported special bond financing [more...]

Date: 2008-12-09 17:20:09

Do New Year Resolutions Work? Parents? Kids? Teens?

There’s nothing more silly to me than reading TEEN resolutions that ADULTS have written…I mean, c’mon, folks, let’s resolve to get real, shall we? ... for raising teens (see Anthony Wolf’s hilarious article in Canada’s Globe and Mail and GeekDads gaming ... to the mall?” (at left) a parenthood rite of passage. (Flickr credit: Jill Doughtie) Some of my [more...]

Date: 2009-01-09 09:33:21

The Past Is History

It’s Friday desk clearing time for this blogger. “Since she put her Norfolk rental home on the market four months ago, ... against their home equity through subprime loans will find it virtually impossible to refinance ... , now their loans are adjusted and they can’t make the payments,’ said Daniel Murphy, owner of Seaside Mortgage Co [more...]

Date: 2008-10-10 20:55:09

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

We’re Never Going To Go Back To The Heyday

The News Journal reports from Delaware. “For Delaware in particular, key industries are sensitive to national economic conditions ... a certain credit score. Deborah combined the No-Document Loan with another loan and was able to buy ... . That point has been hammered home in recent weeks with employers dumping bad news on workers. ‘” [more...]

Date: 2008-10-24 15:48:52

Emerging Market Trends Report Bearish On Real Estate

Emergingtrends2009 After reading most financial reports put out by think tanks over the past few years they tended to temper bad news with some ... was that leverage is gone from real estate for a while, cash is king. If you are selling to buyers that have cash you should do okay. And I am not talking all cash deals, it is more so good credit and [more...]

Date: 2008-10-22 14:09:48

Credit Repair Company

by Brent Hansen Bad credit history can bar one from getting a job, getting a loan, obtaining a lease or even in securing credit. Several people look for ways through which they can repair their credit in order to obtain or secure the credit they are looking for. This is because most of the lenders consider the credit history to be accurate and the best means that can help in judging an individual especially for prompt payments. [more...]

Date: 2009-09-30 12:07:14

Selling The Auto Rescue (and maybe a Chrysler) to Congress

ABC's Zach Wolf from Washington: CEOs for the big three auto makers are going to be up on Capitol Hill later today under the klieg lights before ... his lot instead. Eddy said its unfair when he hears people say American car companies have made bad ... the Senate Banking asking Congress for $25 billion in loans to get them through the tough economic [more...]

Date: 2008-11-18 18:23:49

FALLING PRICES ARE NOT DEFLATION BUT THE ANTIDOTE TO DEFLATION

This is the first in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to enable ... article of The New York Times of last November 1 provides a typical example of this confusion. It declares: As dozens of countries slip deeper into financial distress, a new threat may be gathering [more...]

Date: 2009-01-10 01:22:19

Down To Free In Florida

The News Press reports from Florida. “The Fort Myers/Cape Coral metropolitan area ranks third nationally in foreclosures, ... . Problems also arose when individuals who didn’t have the means to own a home took ill-advised ... Every waiter and waitress in town was buying a home.’” “Now, the backlog of homes for sale is 22 months [more...]

Date: 2008-11-11 15:16:46

Could the Satyam/PwC fraud be the visible part of an iceberg? Where are India’s “Generally Accepted Accounting Principles”? Isn’t governance rather poor all over corporate India? Bad public finance may be a root cause

  In a March 5 2007 article in The Statesman, I said: “Our farmers are peaceful hardworking people who should be paying taxes and user-fees normally but should not be otherwise disturbed or needlessly provoked by outsiders. It is the businessmen wishing to attack our farm populations who need to look hard in the mirror – to improve their [more...]

Date: 2009-01-08 07:40:36

I'm still mad about the economy-especially Michigan's

----- Original Message ----- From: Senator Debbie Stabenow Sent: Friday, December 19, 2008 7:04 PM Subject: Auto Bridge Loans "Last week . ... . I am pleased that they have taken action to provide the necessary bridge-loan to help our automakers through this global credit crisis, and preserve jobs here at home. While today's actions may [more...]

Date: 2008-12-22 21:31:17

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... stabilize auto-loan provider GMAC. WSJ Related: There were plenty of poorly handled bailouts ... , I don’t know.’” That is true of so many thing. Vanity Fair Mergers & Acquisitions Credit Suisse [more...]

Date: 2008-12-31 12:01:16

Obama’s Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 05:01:00

Four Reasons to Consider Working for Free

The U.S. stock market has been cut in half. And some countries have it worse than we do. Companies are shedding jobs like there is no tomorrow. And heaven help you if you work for a newspaper or a magazine.The US auto industry ... that you had the nerve to try to buy something, credit is almost impossible to come by.It is against that backdrop [more...]

Date: 2008-12-05 05:00:00

Latest Pajamas Media Column (’Obama’s Race Against the Economy’) Is Up (UPDATES: Other Favorable Signs; Thoughts on NBER’s Recession Call)

It went up here yesterday. The sub-headline is: If a recovery begins too soon, a massive “stimulus” package might not be needed. Democrats consider that a bad thing. It will go up tomorrow morning at BizzyBlog (link won’ ... 19, 2008.  The Market Composite Index, a measure of mortgage loan application volume, was 1245.4 [more...]

Date: 2008-12-26 13:02:59

The Great Unwind

flickr (TW Collins) In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that ... diminishes the capacity for further credit creation in the future. The second phase of the cure is the higher cost and lower availability of credit. This forces corporations to sell assets, reduce [more...]

Date: 2008-10-10 10:00:06

Underwater In A Way We Have Never Seen

The Denver Post reports from Colorado. “David Craig knows how draining it can be to make payments on a home that is worth less than the mortgage ... not one, but two, homes valued at less than what’s owed on them. ‘You hear about how bad the economy ... who specializes in difficult home financing situations.” The Post Independent from Colorado. “ [more...]

Date: 2008-12-02 18:07:48

A Hint Of The Nightmare To Come

It’s Friday desk clearing time for this blogger. “For four years the Neal family called a two-family house in New Haven, home ... that really hurts people. We’ve had a lot of people say ‘We love the house,’’ but they just can’t find ... trying to sell her home. ‘It’s hard to find people who can get financing,’ said Moore. ‘It’s getting [more...]

Date: 2008-10-31 21:25:41

Gates of Vienna News Feed 11/12/2008

Some headlines to look at:“Muslim Killed Catholic Girl in Love With Flatmate”“London Fundraisers Linked to Stoning of 13-Year-Old”“Possibly Tens of Thousands of Somalis in the US Illegally”“New Anti-Christian Attack in Mosul, Two Sisters Killed”But then there’s this:“Denmark: Ready to Ban Headscarves for Judges”So it’s not all bad news.Thanks [more...]

Date: 2008-11-13 04:52:00

On Avoiding Student Loan Payments

Debt is a bitch and student loans have taken center stage recently as the credit crisis threatened the ability of students to get loans ... and you can go on with your life. But with student loans, you’re being punished for being a better person.” First, I’ ... . However on this day, I read a story about how some people have resorted to moving overseas [more...]

Date: 2008-11-03 15:55:55

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

Obama's Big Chance

Albeit reluctantly, the Senate gave the go-ahead to release the additional $350 billion in TARP funding contemplated by the original plan ... to breathe life back into this economy.” To his credit, President-elect Obama acknowledged ... at companies receiving funds, provide more loans to small businesses and ensure “taxpayers can see [more...]

Date: 2009-01-16 04:29:19

Homeowners come up empty in bailout

For people facing foreclosure — and for the housing and community development groups trying to help them — there’s been little to ... loans didn’t make it in the final version. Nor did a proposal to set aside for affordable housing ... are to blame. It doesn’t get any better from there. The credit crisis is likely to make it even [more...]

Date: 2008-10-09 12:05:41

Banks and Bad Behavior

So far it seems those banks and financial institutions fortunate enough to receive billions of dollars from the government are showing their ... accounting problems, analysts say. The company could be taking the $85 billion line of credit ... , just after getting its loan. The securities industry isn’t the slightest bit apprehensive about doling [more...]

Date: 2008-10-30 13:23:09

Get Money Quickly With Online Payday Advances

by Rose Martin Payday advances have helped millions of people get the cash that they need in a small amount of time. When people are looking to get something in a hurry, the typically tend to turn to the internet. Especially if you need money in a rush, you should make sure that you get online to get an advance first. Here are the ways that you too can benefit from a payday advance. The money that you get from a loan company needs to be paid within about two week’s time. [more...]

Date: 2009-09-29 20:53:06

Should You Walk Away From Your Home?

(source) Despite the struggle, most responsible homeowners don’t think twice about whether they should make the mortgage payment each month ... back from bad credit and don’t want to let your credit score sink again. Whether you choose to fight ... a shot at a loan modification, when you can just take the “Free Housing For Six Months Package” [more...]

Date: 2008-12-03 22:29:29

Where was I in 2005? (by Russell Roberts)

Reader Tim Allen asks a very good question. I'm going to quote his entire email and then try to answer his question:I am a frequent visitor of your blog, Cafe Hayek. I saw your post about the new collection of essays about the financial meltdown. I feel compelled to write to you and Don although up to this point I have restrained myself [more...]

Date: 2008-11-17 18:01:06

Would the Last Honest Reporter Please Turn on the Lights?

An open letter to the local daily paper — almost every local daily paper in America: I remember reading All the President’s Men and thinking: ... , but when they can’t make the payments, they lose the house — along with their credit rating. They end up worse ... loan?  It’s a loan that the recipient is likely not to be able to repay. The goal of this [more...]

Date: 2008-10-31 05:00:52

A Ph.D. In Loss

A report from Oregon Public Radio. “In the last several years high-end resort communities have sprung up across the West. But those destination resorts are suffering big time under the housing slump and credit crunch ... Boomers were looking for vacation homes. Getting credit was easy and there was a huge rush in real [more...]

Date: 2008-11-18 21:21:40

Search Background Checks

by Ben Dave Background Checks are typically conducted discreetly. By that token, it is sneaky to some degree ... . Employers, credit officers, landlords, lawyers, business partners and even prospective in-laws ... , Negligent Hiring being the big issue that it has become in human resource operation. Credit or loan [more...]

Date: 2009-01-08 14:49:50

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

When It's Time to Wave the White Flag and File Bankruptcy

Sometimes, despite our best intentions to pay back our debts, our individual circumstances make it an impossible task ... ) Have you tried debt consolidation but can't get approved for the loan? Are you unsure how much ... just the minimum payment on your credit cards each month? Do you often skip bill payments in order [more...]

Date: 2009-01-08 02:07:50

Indian Secularism: A status report by Shah Abdul Halim

Technorati Tags: India,Bharat,Indian secularism,Hindu religious bigotry,Muslims پاکستاان لیجر | PAKISTAN LEDGER | پاکستاني کھاتا  |Sept. 25th, 08 | Moin Ansari |  معین آنصآرّی |   State of Indian Secularism Shah Abdul Halim I am a Muslim, I cannot help my tears; I have gone through fifty nine long years, Suffering pangs of hunger, [more...]

Date: 2008-10-09 03:19:03

DrumBeat: October 11, 2008

GPS could save airlines billions in fuel costs CHICAGO - A World War II-era air traffic network that often forces planes to take longer, ... expensive — still makes sense because the cost of driving is almost as bad and driving takes longer ... crisis is not just some kind of bad dream, but the new reality. With globalization, it is clear [more...]

Date: 2008-10-11 13:14:59

The First To Fall And The Last To Rise

The Manteca Bulletin reports from California. “In the go-go days of stratospheric housing price increases some newer neighborhoods - such as Woodward Park, Diamond Oaks, and Villa Ticino - were seeing prices jump as much as $5,000 a month. Now those neighborhoods have returned back to earth as closed deals so far this month signal that banks are [more...]

Date: 2008-10-11 18:59:11

Freddie Mac and Fannie Mae in 5th grade terms

Economic Lessons from the 5th Grade-" “The Government's view of the economy could be summed up in a few short phrases: If it moves, tax it ... and has been discredited. The credit crisis was not the fault of capitalism but with anticapitalism ... them insuring the bad loans they were making. But how do you explain this so a fifth grader [more...]

Date: 2009-01-08 08:09:49

It’s Your Money

It was, anyway. Remember when you had some? Dow plummets on opening, Wall Street rout drags everyone else down. Look on the bright side ... the credit markets more quickly via capital infusions from the Paulson facility. And unlike the Paulson ... that the Treasury could receive some kind of equity kicker in the refinance. Thus a homeowner [more...]

Date: 2008-10-10 13:45:35

To the rich go the spoils

By BJ One of the reasons that I'm highly skeptical that the economic downturn sparked by the credit crisis will be easily or quickly reversed is ... institutions, while putting taxpayers on the hook for trillions more in far-less-than-certain loan-backed ... at least $1.6 billion went that the executives won't be feeling too bad: Banks that are getting [more...]

Date: 2008-12-23 13:20:08

Are You A Candidate For A Short Sale Or A Foreclosure In Atlanta?

Helping Select Atlanta Homeowners Avoid A Foreclosure One of the most difficult decisions a homeowner can make is to take action to leave a home ... is sold and the lender releases their lien for an amount less than what is owed. For this to occur, any ... of a foreclosure on your credit file… and many candidates for a short sale have otherwise fairly [more...]

Date: 2008-11-26 23:15:58

Who’s Being Held Accountable by Rambling Raven

Who’s Being Held Accountable?       by Rambling Raven                             What a start to 2009 ... to the rescue? Everyone I know who has bad or questionable credit can’t get a store department credit ... of the U.S. economy and over the weekend five students were shot here in Chicago following an argument [more...]

Date: 2009-01-10 21:41:40

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