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Car Loans

5 Frustrating Debt Traps and How to Avoid Them

Benjamin Feldman | Posted 04.02.2014 | Money
Benjamin Feldman

It's still all too easy to get ensnared in a nasty debt trap that could derail your finances and prevent you from accomplishing your dreams.

What's The Worst Kind Of Debt?

Credit.com | Posted 11.06.2013 | Business
Credit.com

What is the worst kind of debt to carry? Is it student loan debt, credit cards, a mortgage -- or something else? Even the experts don't always agree on which debts are "good debt" and which ones are "bad," so imagine how confusing it can be to consumers who are dealing with debt!

The Secret to Beating a Car Dealership

Adam Levin | Posted 10.22.2013 | Business
Adam Levin

While it's true that getting a good price is a big part of the hunt, the biggest, most important, super-secret strategy to turn the stealth hunter (them) into the prey: stand tough and fight to maximize your dollar throughout the process.

A Look at the Dangers of On-the-Lot Financing

Drew Hendricks | Posted 05.15.2013 | Business
Drew Hendricks

On-the-lot financing is becoming more popular as many people with bad credit or no credit attempt to buy vehicles. However, for many, the loans that buy them a dream car turn out to be a nightmare.

How He Paid Off $26,500 In Debt In Two Years

Posted 01.09.2013 | College

To college graduates saddled with student debt, reaching a day when they don't have to make a monthly payment may seem far off, especially since U.S. ...

The State of Lending: Progress & More Work

Ellen Schloemer | Posted 02.09.2013 | Money
Ellen Schloemer

This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...

I Pared My Life Down to Only 100 Items

LearnVest | Posted 12.10.2012 | Women
LearnVest

Because we were working so much (my husband was a service director in the automotive industry), we had this mentality that we deserved to be rewarded. I was constantly spending on clothing and accessories; my husband and I would treat ourselves to dinners out and expensive vacations.

How You Can Afford A Car, From Alexa von Tobel (WATCH)

Posted 08.21.2013 | MarloThomas

Buying a new car is a big decision. Alexa von Tobel, Founder & CEO, LearnVest.com, gave advice on purchasing cars when she joined me on Mondays With M...

How to Borrow Money to Buy a Car (Even If You Have No Credit History)

Jeanne Kelly | Posted 08.07.2012 | Money
Jeanne Kelly

If you're not in this situation, imagine how hard it would be to try to build a credit history when no one will give you credit. If you're IN this situation, it probably feels like you have an up-hill battle just to get those essential-to-life loans that other people take for granted.

Dude, Here's Your Car

AP | DEE-ANN DURBIN | Posted 07.20.2012 | Money

DETROIT -- For car buyers seeking auto loans, happy days are here again. U.S. banks and auto finance companies are once again welcoming all kinds of ...

Loren Berlin

Man Duped by Car Loan Scam Tells His Story

HuffingtonPost.com | Loren Berlin | Posted 04.05.2012 | Money

Scott Zane, 42, was desperate the day he contacted Hope for Car Owners. It was the summer of 2010, and the Orlando, Fla.-based IT specialist had recen...

Loren Berlin

Feds Crack Down On Auto Loan Scammers

HuffingtonPost.com | Loren Berlin | Posted 04.05.2012 | Money

Car owners, beware. Fraudsters have launched a new scam in which they offer to help struggling car owners rework the terms of their car loans, only to...

For Cash-Strapped, This Is A Priority

AP | PALLAVI GOGOI | Posted 05.29.2012 | Money

NEW YORK — The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans...

Sharon Silke Carty

Watch Out For These Car Salesman Scams

HuffingtonPost.com | Sharon Silke Carty | Posted 03.14.2012 | Money

Oliver Eikenberry was initially very happy with the slightly used 2009 PT Cruiser he bought three years ago. He got a car he liked and a monthly payme...

Subprime Auto Loans Growing In Popularity

Posted 07.31.2011 | Business

NEW YORK (David Henry) - Ally Financial Inc, the United States' largest maker of car loans, hopes that people have forgotten the time when "subpri...

More Auto Loans Going To Subprime Buyers

AP | DEE-ANN DURBIN | Posted 05.25.2011 | Business

DETROIT — Consumers with less than stellar credit are getting car loans again as lenders loosen their standards, and the trend is likely to cont...

The Re-Inflating Car Bubble

Catherine Lutz | Posted 05.25.2011 | Business
Catherine Lutz

The much-touted improved profitability of many car companies is not based on earnings from manufacturing or selling the vehicles but from charging interest.

The Financial Burden of Being Mobile

Catherine Lutz | Posted 11.17.2011 | Healthy Living
Catherine Lutz

Young or old, profligate or prudent, first-time lessee or seasoned buyer, many Americans have little idea of the true financial cost of car ownership. How can we reduce the cost of being mobile?

Car Loans Are Now Easier To Get -- If You Have The Right Credit Score

AP | By DAVID PITT | Posted 05.25.2011 | Business

DES MOINES, Iowa -- It's getting easier to get a car loan. "A couple of months ago, it was horrible," says George Magliano, an automotive research ...

Can You Afford a New Car?

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

When I was growing up, car manufacturers made a big deal each fall about unveiling next year's models, literally shrouding them in secrecy under tarps...

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Inflation's All But Gone - Here's How It Will Affect Your Bottom Line

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — It's a good time to buy a car or refinance a mortgage, thanks to super-low inflation and interest rates. Invest in a savings accou...

No E-ZPass for Auto Dealers

Catherine Lutz | Posted 05.25.2011 | Business
Catherine Lutz

Auto dealers may get a pass on financial reform despite outstanding car loans totaling $850 billion, greater than national credit card debt and second only to home mortgages.

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...