November 16th, 2011
Car Sales On the Rise: Why?
**Today’s guest post is contributed by MoneyAisle.**
According to statistics published by the Federal Reserve and reported by Businessweek, non-revolving credit experienced an $8 billion dollar boost during the month of September. This gain was comprised of school loans, mobile home loans and car loans. While downgrading to a mobile home and borrowing money for school makes sense, especially in September, an increase in car credit may seem out of left field at first glance.
Then again, the fact that Americans are spending more money on car loans can be easily explained when all angles are considered. Seemingly, there are two reasons why Americans are looking to purchase new and used cars. The first reason has to do with an important lesson Americans have learned from the recession.
After the first recession, American consumers took a second look at everyday expenses, and many are now realizing that spending money on car repairs may not be such a good idea after all. Thus, consumers are opting for a new or used car with financing through a loan instead of spending what could be a car payment or two on yet another car repair.
April 19th, 2011
Review: Progressive Snapshot Discount Rewards You For Driving Less and Braking Softer
Do you know Flo, the Progressive Insurance spokesperson? Well, she’s got something new in store for Progressive customers, and this product won’t cost them a cent. In fact, it’ll most likely save them money.
April 15th, 2011
How Key is Your Car’s APR?
When shopping for a car loan, many consumers commonly believe that monthly affordability should be the only concern in order to avoid the risk of defaulting on payments. Your monthly payment is important, but your APR is just as crucial.
March 4th, 2011
How to Make the Most Out of Your Car Purchase
When you think about the first “big” purchases of your lifetime, a car is usually is one of them.
But, cars, like all other “big” purchases, come with a big price tag. Here's your steps to a credit-savvy & sweet drive.
January 21st, 2011
Building Credit with an Auto Loan or Car Payment
Whether you’re rebuilding your credit after a bankruptcy or just getting started as a borrower, making car payments on an auto loan is an excellent way to establish or build your credit score.
Read this guest post from MoneyAisle on how car loans can help prove to lenders that you are creditworthy.December 2nd, 2010
Best Practices for Buying a New Car
With cash in your pocket and a new car on your horizon, you may feel like a kid in a candy store as you stroll into a car dealership. But in reality, when you walk into a showroom without the proper preparation, you’re more like a bull in a china shop, wherein the china shop represents your precarious financial situation. Take the following steps before buying a new car to ensure you get the best deal.
November 9th, 2010
Insurance Scores: Believe it or not, your credit affects your insurance premiums
Here is yet another item to add to the list of what is influenced by your credit health: your insurance. How much you’ll pay for insurance premiums, as well as your access to homeowner and car insurance, is directly affected by your credit history. Read more about how insurance scores work.
November 4th, 2010
The Next Consumer Credit Education Crisis: Auto Loans & Refinancing
If you got your auto loan direct from the dealer, chances are there is a 2-4% "dealer markup" in interest. If you financed your car at the dealer or got a rate higher than you deserve, you have options. Check out this brand guest post from the experts at MoneyAisle!
October 19th, 2010
10 Ways To Save Money On Your Car You Must Try
With gas prices flirting above the $3.00 mark in some areas and a 9.6% unemployment rate forcing many consumers to pinch pennies, owning a car can burn a big hole in your pocket. Check out 10 ways to put saving money on your car in cruise control.
September 7th, 2010
Top Credit Questions: How Will This Affect My Credit Score?
Check out the conversations buzzing around what is likely THE MOST asked question around the Credit Advice Center......
“How will this affect my credit score?”
