When talking about refinancing, seldom do we hear about anything other than mortgages. Lesser known is the sizable sums of money that auto refinancing can save under the right conditions. Ed Powell, chief consumer officer at LendingTree.com, says that it’s important to remember that consumers still have good opportunities […]
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Posted in Auto loans, Financing, Automotive on May 16th, 2008
Chicago - Average auto debt per auto loan borrower nationally rose 0.13 percent in the fourth quarter to $12,738, according to a report from TransUnion.com. The largest state average was in Nevada at $16,133, followed by the District of Columbia at $15,818. The lowest average auto debt was in Michigan at $10,454.
“It is not surprising […]
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Posted in Auto loans, Financing, Automotive on May 12th, 2008
If you think co-signing an auto loan for a friend or relative is no big deal and you’re just trying to help them out, you’re wrong. New scams target co-signers to make them the primary person on the auto loan. With a quick paperwork change, the co-signer can actually become the loan holder and the […]
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