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Car Loans

Let's Eliminate the Auto-Loan Loophole

Rep. Keith Ellison | Posted 05.25.2011 | Politics
Rep. Keith Ellison

It should come as no surprise that the auto loans are incredibly profitable for the industry -- more than half of Ford Motor Company's $2.7 billion 2009 profit came from its financing arm.

Senate Votes To Rein In Mortgage Lenders In Financial Reform Bill

AP | JIM KUHNHENN | Posted 05.25.2011 | Politics

WASHINGTON — Taking aim at deceptive lending, the Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay f...

Regulate Nonbank Financial Institutions, Say Consumer Groups

Posted 05.25.2011 | Business

WASHINGTON -- While much of the Congressional debate over consumer financial protection has focused on banks, lawmakers have been grappling behind the...

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...

GMAC Asks For $2.8 Billion More In Taxpayer Money

Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 05.25.2011 | Business

The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...

Keeping the Love Alive With Your Credit

Jeanne Kelly | Posted 05.25.2011 | Business
Jeanne Kelly

Yes, credit is a lot like love. We all want it. We all need it. But it's a two way street, and finding ways to maintain it is the key.

Is Credit Evil?

Don McNay | Posted 05.25.2011 | Business
Don McNay

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011 | Business
Don McNay

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.