iOS app Android app

Auto Loan

When Co-Signing for a Car Goes Bad -- Lucy's Story

Credit Karma | Posted 11.18.2015 | Education
Credit Karma

I recently sat down with a friend, Lucy*, to discuss her experience co-signing for a car lease. What began as a favor to her boyfriend ended up costing her thousands of dollars and a serious knock to her previously excellent credit score.

Help Ensure House and Senate Managers 'Aren't in a Good Mood' About Shady Auto Deals

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Auto dealer lending practices are a disgrace. If bank auto loans are regulated but car dealer loans aren't, unscrupulous bankers will use dealers as minions to make an end run around consumer protection.

Michael Carpenter, GMAC CEO, Carpenter Gets Pay Package Rivaling That of Blankfein

BusinessWeek | Dakin Campbell | Posted 05.25.2011 | Business

March 2 (Bloomberg) -- GMAC Inc., the auto and home lender that hasn't cracked a profit since 2008, gave Chief Executive Officer Michael Carpenter a p...

Retirement Planning: Cut Your Debt Before You Quit

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

Most financial advisors tend to focus on how much you need to save. But it's equally important to cut your debt load as retirement approaches--especia...

Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 05.25.2011 | Business

NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Barack Obama's Special Olympics line on Leno got all the headlines, but the night's real money quote was his saying that his administration plans to "set up a securitized market for student loans and auto loans outside of the banking system" in order to "get credit flowing again." Excuse me, but isn't that what the $700 billion bank bailout was supposed to do? So what happened? Instead of lending the billions we gave them, Obama explained to Leno, the bailed out banks "are keeping it in the bank because their balance sheets had gotten so bad." Imagine that: zombie banks using taxpayer money to stay afloat. If the White House really didn't see that one coming, it's no wonder the ferocity of the public's reaction to the AIG bonuses caught them so off-guard.

Chrysler Says It's Received $4B Government Loan

AP | Posted 05.25.2011 | Business

AUBURN HILLS, Mich. — Chrysler LLC and the U.S. Treasury Department said Friday that the government had supplied the automaker with a $4 billion...

Wall Street Credit Crash Threatens To Tank U.S. Auto Industry

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."