Analysts are worried. They are worried that rising troubles in the mortgage industry could spill over into the auto loans industry. In a recent article on Autonews24h.com, Lehman Brothers financial analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. (NYSE:F) and GMAC Financial Services (NYSE:GM) showed some higher […]
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Imagine owning a car, selling it and then years later it still remains on your record. The Wall St Journal’s Fiscally Fit column has an article today on avoiding that situation. It can help undermine your credit, create time consuming headaches and even get you in trouble with the police.
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Posted in Bankruptcy, Financing, Automotive on Sep 30th, 2007
For people with a recent bankruptcy in the past getting a loan can be difficult. Depending on the type of bankruptcy you claim, and how deep you are in debt, a car loan can be particularly hard to complete. In a piece on Ezine Articles they go over some of the challenges. You will find a good […]
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Posted in Bankruptcy, Bad Credit, Financing on Sep 27th, 2007
What is the means test and if I am bankrupt can I get a car loan? The term means test refers to an investigative process undertaken to determine whether or not an individual or family is eligible to receive certain types of benefits from the government. The “test” can consist of quantifying the party’s […]
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