* You are viewing the archive for February, 2012

A Bad Credit Rating Can Be A Good Thing

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Can a bad credit rating save you from bigger problems? Hasn’t it done just that for many young people? I’ll explain how with a couple true stories.

Good Credit Rating Story

My friend started his adult years with good credit. Soon he was able to get credit cards at will, as well as finance cars, snowmobiles and more. He made the payments, and went deeper and deeper into debt while he was at it. When he was 30 years old, he had over $20,000 in credit card debt, plus loans on cars and business tools.

Eventually it was just too … Continue Reading

A Step-By-Step Tutorial: How to buy a car with bad

A Step-By-Step Tutorial: How to buy a car with bad credit without it turning into a nightmare.

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Are you tired of hearing the word ‘No’ when it comes to a car loan? I set up auto bad credit financing loan specifically so that you could hear the words ‘yes’. Who am I, you ask?

I spent 14 years in the automobile business as a Finance Manager so I believe it’s fair to say that I know a thing or two about getting a loan financed, irregardless of your past credit history.

Remember, regardless of your past credit history, you … Continue Reading

Bad Credit Auto Loan Financing Should You Arrange Private

Bad Credit Auto Loan Financing Should You Arrange Private Financing?

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Should you arrange for private auto loan financing when you have bad credit? The simple answer is yes, if you want to save money. Relying on dealership financing makes you the victim of high rates and limits your car buying options. By securing your car financing before you shop for a car, you get the chance to find the best available car loan.

Limited Options With Dealership Financing

Dealerships would have you think that there are very few financing options if you have poor credit. They let you pick … Continue Reading

Bad Credit Car Loans Have Their Advantages

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Are you one of the many people who have credit problems? Poor credit ratings and bad credit is more common than you think. Bad credit is not something to be ashamed of as it can happen to all of us at some time in our life. The good news is that with some effort on your part you can improve your credit ratings.

Even if you have bad credit, you can still qualify for a bad credit car loan. When you are ready to begin shopping for your car, there are a few things to … Continue Reading

Balance Transfer Credit Card Facts and Myths

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There are a number of balance transfer credit card facts and myths that are important to be cleared up. Understanding these facts and myths will help you to better keep your finances under control.

Myth: I can get arrested for continually transferring my credit card balances.

Legally, you can transfer your credit card balances as often as you want. So long as you are making your payments and not attempting to defraud your lender, the law does not concern itself with how you choose to handle you finances. It is, however, a bad practice to … Continue Reading

Be Prepared When You Apply For A Credit Card

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Getting and having a credit card can be a beneficial thing for most people. You will have a big advantage when you have a credit card. A credit card can be especially useful when you want to purchase items remotely. Think how much easier it is to make purchases online, and reserve plane fare or hotel rooms over the phone when you have a credit card. It can also come in handy when you just dont happen to have cash when you decide to make a purchase. However, there is a flip side to having a credit … Continue Reading