Apna Loan ties-up with Reliance Money

Apnaloan (www.apnaloan.com), the pioneer and largest market place for loans and credit cards has tied up with Reliance Money, the largest broking and distribution house in India, to provide information about personal finance on their website.

(live-PR.com) - Mumbai, October 6, 2008: Apnaloan (www.apnaloan.com), the pioneer and largest market place for loans and credit cards has tied up with Reliance Money, the largest broking and distribution house in India, to provide information about personal finance on their website.

As a part of the tie-up, content on the Easy Loan, EMI Calculators and FAQ sections on the Reliance Money website will be provided and powered exclusively by Apnaloan.com. Apnaloan has enlightened over 1.0 million consumers about Personal Loans, Home Loans, Car Loans, Credit Cards and Education Loans through its well-researched and vast data bank.

“Our tie-up with a leader such as Reliance Money is a step further in our attempt to provide consumers with effective and accurate information about various personal finance products. Our team of experts at Apnaloan provides our consumers with a hassle free loan process” said Mr. Harsh Roongta, CEO of Apnaloan.com.

Speaking on new alliances, Mr. Sudip Bandyopadhyay, Director & CEO, Reliance Money said, “Reliance Money has always been at the forefront of adding value to its customers. Our tie-up with Apnaloan.com is another step in enhancing the bouquet of services available to our consumers on our website.

About Apnaloan.com (www.apnaloan.com)
Apnaloan a division of ApnaPaisa Pvt. Ltd., is India’s first and largest online marketplace for loans and credit cards in India. Over 400,000 consumers have purchased a loan product with the assistance of Apnaloan to date, and many more have used the site to make a better, more informed decision to buy a home, get a credit card or to borrow money. This has made ApnaPaisa one of the largest consumer services company in the financial sector.

ApnaPaisa has recently launched Apnainsurance.com that is a comprehensive guide to insurance in India. It enables customers search and apply for all their insurance needs.

About Reliance Money (www.reliancemoney.com)
Reliance Money, a Reliance Capital company, is part of the Reliance Anil Dhirubhai Ambani Group. It is a comprehensive financial services and solution provider providing customers with access to Equity, Equity and Commodity Derivatives, Portfolio Management Services, Mutual Funds, IPOs, Life and General Insurance and Gold Coins. Customers can also avail Loans, Credit Card, Money Transfer and Money Changing services.
The largest broking house in India with 2.7 million customers and a wide network of over 10,000 outlets and 20,000 touch points in 5,000+ locations. Reliance Money endeavors to change the way investors transact in financial markets and avails financial services. The average daily volume on the stock exchanges is Rs. 2,000 crores, representing approximately 3% of the total stock exchange volume.
Reliance Capital is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking groups, in terms of net worth.

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Carnegie: Information about Carnegie's Exposure Towards Icelandic Assets

STOCKHOLM, Sweden, Oct 06, 2008 (BUSINESS WIRE) -- Regulatory News:

Carnegie (STO:CAR) has an equity loan in Icelandic currency that is currently valued at SEK 40m. This loan is fully collateralized by Icelandic government bonds.

In addition, Carnegie has business relations with institutions with links to Iceland. None of these positions includes assets in Icelandic securities, and Carnegie has no net exposure to Icelandic counterparties.

Carnegie is a leading independent investment bank with Nordic focus. Carnegie provides value-added services in securities brokering, investment banking, asset management, and private banking, as well as pension advisory services to institutions, corporations and private clients. Carnegie has approximately 1,100 employees in eight countries and is listed on the Nordic Exchange.

This information was brought to you by Cision http://www.cisionwire.com

State Auto Financial Reports Third Quarter Storm Losses, Negligible Direct Credit Exposures

COLUMBUS, Ohio, Oct 06, 2008 (BUSINESS WIRE) -- State Auto Financial Corporation (STFC:

State Auto Financial Corp

News, chart, profile, more

Last: 29.89-0.12-0.40%
4:00pm 10/07/2008

Delayed quote data

New Wheels After Bankruptcy

My Problem

This March my husband and I had to file for bankruptcy. A couple of years ago we leased a truck. Next April that lease will be up and the truck has to be turned back into the dealership. Our problem is: where do we turn for another vehicle? Anyone have any ideas or maybe has been thru this before. I don't know if they even give people who are in a bankruptcy situation car loans or not?? Any help or ideas would be appreciated.
Thanks!
Amy

Check With "Special Financing Department"

We just filed for bankruptcy in March and just received our discharge papers two weeks ago. Once your discharge papers are in you can get a car through some dealerships. Call and ask if they have a "special financing department". The interest rates aren't going to be cheap, but they can definitely help! We told them that we are looking for a specific car payment range. Luckily the dealership we are going through now is giving us a deal where they take care of basic maintenance so we only have to worry about car payments. In two years they will refinance our loan. We'll either keep the same car or help they will let us look for another car, but we will have lower interest rates. But, like at any dealership, check the car prices on at Kelly blue book or at Edmunds.com. Either place will insure that you are not getting ripped off, which some dealerships might do because they know you need a car.
Janele

Credit Unions Help With Interest

I had a similar situation several years ago. My lease ended and I wanted to buy the car I was leasing from the dealership. They turned me down, even though all my payments were current and I had signed a reaffirmation agreement at the time of my bankruptcy. My bank offered me a loan at 8.5% interest, if I agreed to directly deposit of my paycheck. Someone suggested using the credit union at work. I was not a member, but I called them. They said I could apply for membership and purchase one share ($25.00 deposited to my savings account) and apply for a loan the same day. I had to add a one-page description of the circumstances of my bankruptcy to the application, but the next day they approved my loan for 7.25% interest. I did not have to directly deposit my paycheck. I have one year to go on that loan, have had no further money problems, and dealing with the credit union has been a pleasure. If your workplace doesn't offer a credit union, check out credit unions in your area. Some are available to people based on organization or church affiliation, or even residence in a certain community.
Joan

Check With Charities for Inexpensive Cars

My husband and I learned of a cheap way to get a working car, unfortunately, after we bought ours. We bought our 91 Ford Taurus from a man who bought it cheap and resold it to us at double his cost.

Have you ever heard one of those charities that ask you to donate your working or non-working cars to them? Apparently, they repair these cars, (only non-working or badly worn parts) and sell them to raise money.

My car was in running condition, with cosmetic (paint) defects and needed new interior light bulbs. Soon after we got it, its ancient battery needed to be replaced. Otherwise, it ran beautifully and had lots of little extras like faux wood boiler paneling, auto steer and locks, etc. We put about $100 dollars into it, and only $40 was truly necessary (the battery). On top of that, the car was spotlessly clean and was far more car then we could otherwise have afforded. We paid $1200 cash. The man who sold it to us bought it directly from the charity for $585. The blue book value for this model and year was $3000.
Pati

Keep Current on Your Payments

I, too, went through bankruptcy but kept my leased car until the end. I was able to buy a car with no problem (except a little higher interest rate) after I turned in my leased vehicle. The key was that I kept the car payments current. Granted, I didn't have much of a choice which car I got, but I was able to purchase a car at the first dealership I went to. Just remember, don't go to several places and have them run credit checks on you. That only worsens your credit rating.
Cheryl

Check to see if Releasing is Available

A friend of mine also declared bankruptcy and had a leased vehicle. When the lease was up GM leased him another vehicle because he was in good standing with them. They should go back to the same place they leased the last vehicle and talk it over with them.
Ed

Great Way to Rebuild Credit

I was in a similar situation several years ago. I had a new pickup repossessed and filed bankruptcy shortly thereafter. When I needed a "new" vehicle, I found one of the Ford dealers in town had a "credit - rebuilding" program. I had to have $1500 down, but I got a four-year-old, off lease fleet pickup truck. I had to pay weekly - $51.65 (I paid $60/wk) for two years. The truck had a two year, 24,000 mile warranty! This gave me sufficient credit that I was then able to get a mortgage!

Most big cities have dealerships that offer "credit rebuilding". Check the newspaper advertising section or call around. The bonus is that not only do you have wheels to drive, you begin to restore the credit that your bankruptcy destroys (TIP: Don't get in over your head but do like I did and get something low priced enough that you can actually pay a few $$$ extra each week.) A reputable dealer in a big city isn't going to sell you a piece of "junk" either, and will give you a warranty in case anything in the drivetrain quits working before you get it paid for!
David

Attorney May Be Helpful

Sometimes your bankruptcy attorney will have names of used car dealers that will work with people who filed for bankruptcy. The attorney sends the dealer a letter that says that the bankruptcy has been through court and any future bills cannot be added so the car dealer is safe from debts being cancelled.

Also, once the bankruptcy is official (through the court plus 60 days), they may start getting offers from local car dealerships to buy new or used cars (usually new). The bankruptcy is public record and these car dealerships use this information for prospective car sales. All are legitimate.
Tommi

Car loans after bankruptcy

Ways to obtain car loans even after Bankruptcy

Even though a car loans after bankruptcy is not easy to obtain, it is not impossible. While a bad credit loan is quite easy to acquire in today's competitive finance market, the condition is different with any loans or credits after liquidation. Here are the options through which you can obtain car loans after you have filed bankruptcy:

1. You can obtain an unsecured loan, but you would have to wait for two to three years after you filed bankruptcy.r

2. You can acquire a loan even the day after you filed bankruptcy, if you have guarantee or

3. If you have made a deposit in order, you can apply for a loan from a corporation who focus in bad credit financing.

Internet is an excellent place to locate the lenders and all information you require. Be alert that most finance companies will reject your application until 3 years after you filed car loans after bankruptcy. Yet, there are companies out there that are more eager than the majority to grant you an after bankruptcy car loan and the challenge is to discover them. One such way is to look for and join a credit union. A union is an association with the intention of helping their members monetarily. The probability of acquiring a loan after bankruptcy is higher with a credit union than with other organizations.

Whatsoever you do to obtain a loan, you have to start upgrading your credit immediately. This is the most excellent way to get the financing you wish for in the future. There are numerous ways in doing that. One such way is to put all the funds you can into a saving account. One more way is to apply for a prepaid credit card. Be very cautious with paying it off timely every month. This will boost your credit rate little by little, and your credit limits will also steadily increase.

A bankruptcy is not the end of the world but a tool for providing people a new financial chance.

Tips to get your Car loans Approved

To get accepted with the best rates for your car loan simply follow these tips.

Evaluate Your Credit Report

Before you start applying for a car loans after bankruptcy , inspect your credit report and make certain that all your accounts are in line. It is not unusual after a bankruptcy to notice open accounts that must be closed, which might spoil your credit rating.

When looking at your credit report, think of adding a page narrating the situation that resulted in your bankruptcy. If there were justifying circumstances, lenders may support you for a better rate than below the normal conditions.

Plan Your Car Purchase

Prior to car loans after bankruptcy, make a decision on how much you can afford in a monthly car loan payment. This would help you decide which financing package is the best for you. Both the loan amount and period of payments will decide your monthly payments, so that there is flexibility in determining which vehicle you can find the money to purchase.

Use a Car Loan Lender

Car loan lenders make money by finding you the right kind of loan. Car loan lenders work with numerous financing partners to back loans with all kinds of credit risk, including bankruptcies.

Online car loan lenders deal with thousands of loans, and can usually find you a better deal than your local car dealerships. Online car loan lenders would send you a check when you are approved, essentially making you a pre-approved car loan buyer.

Expound Your Situation

Car loan applications would ask if you have ever declared bankruptcy and what made you so. This is your opportunity to explain what led up to the situation and the steps you have taken to resolve your credit situation. Be certain to include advancement in your financial history too.

Think about Refinancing

Once you are permitted for a car loan, keep your eye on future refinancing. By making usual payments on all your bills, in a years time you could easily qualify for considerably lower interest rates. In three years, you can put up your credit score to near excellent and be eligible for even lower rates.

Things you should know to get the best financial deal

Car loans after a bankruptcy is one of the initial secured loans you would qualify for. Not only you will obtain transportation along with a car loan, but also you can rebuild your credit. The following three facts will assist you to get the best financing deal.

1. Seven Years Does Not Imply Seven Years of Zero Credit

Bankruptcy does not imply that you will not be eligible for credit for seven years. After a few months of reestablishing your credit, you can apply with a sub prime lender for car financing. With a good credit record of two years or more, you can look for conventional lenders.

Sub prime lenders toil with non-traditional borrowers. With their slightly higher rates, they can proffer a variety of financing choices to people with all sorts of credit records. Conventional lenders also search for people with bankruptcy once they recover a good credit score.

2. Compare Lender Rates

Lenders bid different rates from the market index. By contrasting the APR, which also consists of fees, you can find the lowest costing loan. This does not forever mean the lowest interest rate.

One more way to diminish your rates is to increase your deposit to 20% or more. A large down payment decreases the risk of default, permitting lenders to provide better rates.

Rates also differ by the kind of vehicle you purchase. New cars obtained from a dealership qualify for the lowest charges. But budget considerations, such as car cost, must also be considered in deciding your car financing.

3. Refinancing Car Loans

Once you sign an agreement for your car loans after bankruptcy , you do not have to feel trapped by the rates. Nowadays lenders offer refinancing alternatives for car loans. Even though rates go up, you may find that by improving your credit score, you will be eligible for better rates in two years.

When you decide on refinancing, make certain that your existing car loan does not have any advance fees. In addition, be alert that the majority of your interest is paid at the start of your loan. Waiting too long to refinance may not save you any cash, hence check the numbers first.

Reasonable car loan charges can be arrived by exploring and planning ahead.

Car Loans After Bankruptcy - Tips to Getting Approved

A car loans after a bankruptcy is one way to help build back your credit history. In fact, once your bankruptcy closes, you can apply for a car loan the next day. To get approved with the best rates for your car loan, follow these tips.

Review Your Credit Report

Before you start applying for a car loan, check out your credit report and make sure all your accounts are in order. It is not uncommon after a bankruptcy to see open accounts that should be closed, which hurt your credit rating.

While looking at your credit report, consider adding a page explaining the situation that resulted in your bankruptcy. If there were extenuating circumstances, lenders may approve you for a better rate than under normal conditions.

Plan Your Car Purchase

Before purchasing a vehicle, decide what you can afford in a monthly car loan payment. This will help you decide which financing package is best for you. Both the loan amount and length of payments will determine your monthly payments, so there is flexibility in determining which vehicle you can afford to purchase.

Use A Car Loan Lender

Car loan lenders make their money by finding you a loan. Car loan lenders work with several financing partners to back loans with all types of credit risk, including bankruptcies.

Online car loan lenders deal with thousands of loans, and can usually find you a better deal than your local car dealerships. Online car loan lenders will send you a check when you are approved, basically making you a pre-approved car loan buyer.

Explain Your Situation

Car loan applications will ask if you have ever declared bankruptcy and why. This is your chance to explain what led up to the situation and what steps you have taken to resolve your credit situation. Be sure to include improvements in your financial history too.

Consider Refinancing

Once you are approved for a car loan, keep your eye on future refinancing. By making regular payments on all your bills, in a year’s time you could qualify for significantly lower interest rates. In three years, you can build your credit score to near excellent and qualify for even lower rates.

Alternatives to Bankruptcy

Do Nothing

Freedom's just another word for nothing left to lose." Sometimes, the best approach for some people in debt is to take no action. If you live simply, with little income and property and you look forward to a similar life in the future, you may be "judgment proof." This means that anyone who sues you and obtains a court judgment won't be able to collect because you don't have anything they can legally take. You can't be jailed for not paying debts unless you are a tax protester or willfully failing to pay child support. A creditor cannot take away essentials like basic clothing, ordinary household furnishings, personal effects, food, Social Security, unemployment or public assistance.

Your creditors probably won't sue you because it's unlikely they could collect the judgment. They may write off your debt and treat it as a deductible business loss for tax purposes. In several years, it will become legally uncollectible under state law. In seven years, it will come off your credit record.

Stop Harassment

If your main concern is harassment from creditors, bankruptcy may not be the best way to stop the abuse. You can get creditors off your back by taking advantage of federal and state debt collection laws that protect you from abusive and harassing debt collector conduct.

Negotiate

If you have some income or assets you are willing to sell, you may be better off negotiating with your creditors than filing for bankruptcy. Negotiation can buy you time to find your financial footing or you and your creditors may agree on a complete settlement of your debts for less than you owe.

Get Outside Help

If you secretly agree with your creditors that they are right to insist full payment or if your creditors are so inflexible or irrational that you can't negotiate with them or don't want to try you can turn to AZ Lawyer, a bankruptcy typing service or a nonprofit credit counselor such as Consumer Credit Counseling Service (www.nfcc.org) or Myvesta.org (www.myvesta.org).

Providing Auto Loans for People with Bad Credit

If you have credit problems, you can get the Auto Loans Nationwide for People with Bad Credit financing you need for the vehicle you want....and help yourself re-establish your credit while driving your new car! Don't be taken advantage of because of your credit history. Auto Net Financial can pre-arrange all of your financing at a dealership near your home and take the hassles out of your next car buying experience.

Auto Financing Regardless of Credit History

Auto Net Financial specializes in bad credit auto loans and special finance options for automotive consumers with less than perfect credit. Our nationwide network of car dealers offers bad credit car loan programs designed especially for auto, car and truck buyers with credit problems, no credit, or unique sub prime auto loan requirements. Auto Net Financial helps you pre qualify for bad credit auto loans, a bad credit car or truck loan, or a special finance auto loan regardless of your credit problems or automotive financing loan payment history.

Get the complete car loan information only at CARLOANINFOSITE.COM

If you require a car loan than you have visited the accurate website because Carloaninfosite.com gives information about auto car loan, bank car loan, bad credit car loan, car finance loan, student car loan, online car loan, etc. Cars are really expensive, today even if you are buying a second handed car you will have to pay a lump sum amount for it. Most people do not have it in their budgets to pay for a car in straight cash. Auto car loans are very appropriate and provide information you with annual percentage rate which minimizes the refund on whichever loans on a monthly basis.

Auto Loans are available for all models & companies of vehicles either new or old. Applying online is the fastest way to an auto loan approval for any type of vehicle of your choice. Before taking a car loan you should chose a good bank which provide fast loan with low interest rate. You can get the list of various websites related to bank car loan. Bad credit car Loans are for people’s who cannot get pre approved for an auto loan through traditional lending sources such as local banks, credit unions etc. Bad credit car Loans are normally initially funded by the automobile dealer and later assigned / sold to a finance company. Car finance loan means the different financial loans for the car. In Carloaninfosite.com there are several sites which provides financial loan for car. The process of buying a car has become much easier for students than it used to be. These car loans for college students help to make used cars, certified used cars and brand new cars more accessible. Nowadays, car loans are available on line which is the fastest and easiest way to get the loans easily. Now thousands of websites are available offering good deals for car loan. These types of loans are available for those both with good credit and those with bad credit. Car loan payment can be affordable if one knows how to find the right lending source and the right interest rate. Using an auto loan payment calculator will give consumers an idea about the amount they might qualify for, including an estimate of the amount of monthly payment that will result. Getting a fast car loan is a matter of having all the necessary paperwork and documentation needed to set up a financing package before the buyer even goes onto the dealer's lot. Your income verification, residence verification, tax returns, and insurance documents will speed up the dealer's work and will have buyers their new vehicle in hand in a fraction of the time. A car loan calculator is an excellent research tool to help you determine how much you can afford for a vehicle. Once you know how much you can afford, you're ready to start car purchasing. car loan calculator helps customers to decide the monthly payment of the potential vehicle loan, total cost of the interest on the auto loan, total cost of the loan with interest and terms figured in. All this and many more information only on Carloaninfosite.com

So, go and start searching for what ever information required. If you require any additional information’s which is not mentioned above than please visit our CAR LOAN INFO directory.

New car loan bad credit information - Fresh Start Finance

If you’re looking for new car Loans bad credit information online, turn to Fresh Start Finance.
We search the whole of the market for the lowest rates and the best deals on new car loans for people with bad credit. Moreover, on supplying you with new car loan information, and mortgage loans for bad credit we won’t charge you any surprise fees or commissions.

Bad credit secured car loan

Purchasing a new or used car can be costly and, if you have a history of bad credit, obtaining finance can be difficult. However, by paying a new car loan off in instalments, you’ll be able to manage your finance more effectively.

What’s more, UK homeowners are able to take advantage of lower Secured Loans interest rates. Due to the extra security this affords to the lender, it’s possible that you’ll be able to find a new car loan at interest rates lower than those afforded by credit cards or unsecured personal loans for people with bad credit.

Putting too much strain on your budget could mean that you end up missing repayments - putting your home at risk. So, to find our how much you can afford to borrow with a new car loan, use our online loan calculator.

More new car loan bad credit information

Fresh Start Finance offers new car loans to people with bad credit histories at interest rates starting from just 6.7% APR. Furthermore, you’ll be able to choose a variable or fixed rate of interest, and even have the opportunity to repay nothing on your new car loan for five month. Visit our friends car rental London

Finance your Car With a Bad Credit Car Loan

Cars have always been high on demand and will continue to be in the years to come. At some point of time we all feel the need to buy a car for our family. The ones who already have a car look for a better/ snazzier make. The increasing demand of cars has led to an increase in car financing companies that offer a variety of loan options to suit the needs of customers from all walks of life, and car loan is cheaper than home improvement loan. However most of these financial institutions rely heavily on the financial stability of the applicant to consider them eligible for a loan. Of all the factors that determine the eligibility, the credit score of an individual is given the maximum importance by most of the financial institutions. Thus people with a low/ poor credit score are unlikely to find favor with such financial institutions.
Nevertheless, a low credit score does not imply that one cannot get a car loan.
There are some financial companies, which have worked out financing plans that works best for the individuals with a low credit score. So, if one has a low credit score, bad credit car loan is the way to go.
Most financial institutions favor customers who are financially stable. The financial stability of an individual is determined by his/her credit score. Therefore the interest rates charged for the plans requiring a decent to good credit score is lower than the financing plans meant for customers with a bad credit score. However, a steep interest rate should not be a cause of worry for the loan seekers. The fact is that a bad credit score can be improved. The best way to improve the credit score is to keep a tab on the expenses. Once the credit score improves, the loan can be refinanced at a much lower rate of interest.
Finding an institution that offers bad credit car loans is not difficult either. Most good financing companies have an online presence. Use the search engines to locate some of them and check out their offerings. Customers should ideally use the online car loan calculators to determine the EMIs. Once the financing plan is short listed, apply for it straightaway by filling in the online order form.
So, those who have been considering their poor credit score, as a hindrance in getting car finance need not worry at all. Search for a good financing company, compare their offerings and ask for a bad credit car loan straightaway.

How to correct errors on your credit report

Under the FCRA, both the CRA and the organization that provided the information to the CRA, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your report. To protect all your rights under the law, contact both the CRA and the information provider.

First, tell the CRA in writing what information you believe is inaccurate. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request deletion or correction. You may want to enclose a copy of your report with the items in question circled. Your letter may look something like the sample below. Send your letter by certified mail, return receipt requested, so you can document what the CRA received. Keep copies of your dispute letter and enclosures.

CRAs must reinvestigate the items in question--usually within 30 days--unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the information provider. After the information provider receives notice of a dispute from the CRA, it must investigate, review all relevant information provided by the CRA, and report the results to the CRA. If the information provider finds the disputed information to be inaccurate, it must notify all nationwide CRAs so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file.

If your report contains erroneous information, the CRA must correct it. If an item is incomplete, the CRA must complete it. For example, if your file showed that you were late making payments, but failed to show that you were no longer delinquent, the CRA must show that you're current. If your file shows an account that belongs only to another person, the CRA must delete it.

When the reinvestigation is complete, the CRA must give you the written results and a free copy of your report if the dispute results in a change. If an item is changed or removed, the CRA cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the CRA gives you a written notice that includes the name, address, and phone number of the provider.

Also, if you request, the CRA must send notices of corrections to anyone who received your report in the past six months. Job applicants can have a corrected copy of their report sent to anyone who received a copy during the past two years for employment purposes. If a reinvestigation does not resolve your dispute, ask the CRA to include your statement of the dispute in your file and in future reports.

Second, in addition to writing to the CRA, tell the creditor or other information provider in writing that you dispute an item. Again, include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider then reports the item to any CRA, it must include a notice of your dispute. In addition, if you are correct-that is, if the disputed information is not accurate-the information provider may not use it again. You should do this before trying to get an auto loan as this could save you thousands of dollars in financing charges.

2nd chance finance

This is a flexible secured loan product for those with bad credit ratings or difficult applications.

Perhaps you’re new to Australia, or forgot to pay off your credit card, maybe missed some repayments, you’ve been bankrupt, or just unlucky.

Sure, some people deserve another chance but a careful assessment is done before the finance company will take that risk.

Many applicants reading this may already have been declined or knocked back elsewhere. If this is the case don’t despair. We have unbiased and experienced staff with specialist training for these 2nd chance scenario’s.

Although being secured on your purchase, interest rates for this 2nd chance product are generally higher than all other types of finance, which relates to the level of risk.

The very last chance?
Been rejected by everyone? No-one will listen to your story? You have a shocking credit rating that’s scared everybody away? We may have an answer.

If you require expert advice on your particular situation you can call contact our finance experts who will be able to listen to your situation and work out a solution and package to obtain a suitable finance arrangement for your needs. Call 1300 769 999.

How To Buy a Car With Bad Credit

Buying a car is hard enough without the handicap of a past bankruptcy, repossession or credit card default in your history. Even if you qualify for the best possible finance rates, high-pressure dealership tactics and sleight of hand can add thousands of dollars to the price of your deal.

If you're one of the millions of Americans whose credit falls in the lowest end of the rating scale, you're facing an even greater challenge. For one thing, the interest rate on your loan is going to be dramatically higher than the rates enjoyed by customers with sterling credit. What's more, if the dealer knows you're scared, he may try to pile on even higher finance charges, warranties or insurances, hoping you'll be too cowed to reject them.

But you don't have to be a victim. Remember: dealers want your money as much as anyone else's, and that gives you bargaining power. Though it's easy to forget this in the heat of a sales situation, you have the ultimate trump card - you can walk away - and almost certainly get a similar deal somewhere else.

In this article, we'll arm you with the knowledge you need to get the best car finance deal for your credit situation. Just as importantly, we'll make sure you know where the danger zones lie in the financing process. Follow our suggestions, heed our warnings and you'll be ready to go get your wheels.

Auto Net Financial

Providing Auto Loans for People with Bad Credit

Auto Financing Regardless of Credit History

Welcome to Auto Net Financial, America's leading bad credit auto loans and sub prime automotive financing company.

Finance your Car With a Bad Credit Car Loan

Nevertheless, a low credit score does not imply that one cannot get a car loan.

There are some financial companies, which have worked out financing plans that works best for the individuals with a low credit score. So, if one has a low credit score, bad credit car loan is the way to go.

Most financial institutions favor customers who are financially stable. The financial stability of an individual is determined by his/her credit score. Therefore the interest rates charged for the plans requiring a decent to good credit score is lower than the financing plans meant for customers with a bad credit score. However, a steep interest rate should not be a cause of worry for the loan seekers. The fact is that a bad credit score can be improved. The best way to improve the credit score is to keep a tab on the expenses. Once the credit score improves, the loan can be refinanced at a much lower rate of interest.

Finding an institution that offers bad credit car loans is not difficult either. Most good financing companies have an online presence. Use the search engines to locate some of them and check out their offerings. Customers should ideally use the online car loan calculators to determine the EMIs. Once the financing plan is short listed, apply for it straightaway by filling in the online order form.

So, those who have been considering their poor credit score, as a hindrance in getting car finance need not worry at all. Search for a good financing company, compare their offerings and ask for a bad credit car loan straightaway.

Vehicle Loan Information

Many lending companies currently offer online sourcing for vehicle loans. Today’s driver can find a way to finance a car, truck, motorcycle, or other vehicle without leaving the comfort of home. But what should be the source when it comes to finding the perfect car loan?

Most buyers will probably go for financing arranged through the car dealership. In this case, the Fast car loan is granted for the full amount plus an agreed upon additional service charge. The loan may be arranged by dealership who then assigns the car loan to an outside source (such as a bank) for management and collection. There may also be a “direct lending” deal where the buyer receives a loan from a financial institution like a bank. As a result, the buyer agrees to pay back the total loan plus an additional finance charge.

A good rule of thumb is to try to keep the price of the car you are to buy at less than 10% of your gross annual income. You will still have to spend money on insurance, car maintenance, and other expenses and an auto loan can be a significant debt that will be on your credit record for many years. You can always trade up if you can afford a more expensive car at a later date. Most experts would advise that you go to the dealership with a budget including financing rates in mind. Arranging the car loan through the dealership may offer special rates.

Another factor to consider with car loans is the length of the term. Often, the longer it takes for you to pay back the full cost of the loan, the higher the interest rate. All in all, any extra consideration a buyer gives to financing a vehicle will often result in a better deal.

How to Obtain a Car Loan

Things You’ll Need:

Kelley Blue Book
Consumer Reports
Internet Access
Car Insurance
Car Loans

Step 1:
Choose your new set of wheels and negotiate a price with the seller (see 'eHow to Buy a New Car').

Step 2:
Research interest rates. Several Web sites, such as Bankrate.com, publish surveys of loan rates across the United States. Compare the rates with those offered by your local bank, credit union or car dealer.

Step 3:
Find out what your current car is worth as a trade-in. Research values in the Kelley Blue Book Used Car Guide, available at the library, your bank or on the Internet.

Step 4:
Determine how much of a down payment you can make. Use your trade-in value and cash - or just cash - to come up with the standard 20 percent usually required. Talk with the car dealer that has the new car you want.

Step 5:
Apply where you find the best rates, and the length of the loan and monthly payment fit your budget.

Step 6:
Consider saving more for a down payment or choosing a less expensive car if you don't qualify.

Step 7:
Build a better credit rating if that's what causes you to be turned down. Try again after six months of paying your bills on time.

Tips & Warnings

If you lack adequate income or a good credit history, lenders won't approve your loan until you prove you can repay it while meeting your other obligations.
If a bad credit history prevents you from getting a loan, contact Consumer Credit Counseling Service or a similar group.
Beware of for-profit imitators that promise to cleanse your credit history for a fee.

Things to Look For When Applying for an Auto Loan

For most families, buying a car is probably one of your most expensive monthly payments you have, besides your home loan. That is why it is important for you to shop around when you look for an auto loan, so that you get the best deal, with the lowest monthly payment. The following will help give you ideas on what to look for when you buy a new car, and ways to help you save as much money as possible, when you do buy your car.

One of the first things you should do when deciding on what kind of car to get, is read different publications on the kind of car you are thinking about getting. Check out different books, articles, and publications on the internet, or your library to find out if the car you are thinking about getting is right for you.

The second thing you should do is shop around as much as possible. Check out your local classified ads, dealerships, and internet deals, so that you know you are getting the lowest price possible for your car. You also may want to contact car-buying services and broker-buying services to make comparisons.

The third thing you should do when you have found the car that is right for you is try to negotiate the lowest price possible for your car. Most dealerships maybe willing to lower the sticker price on their cars by as much as 20% off of the MSRP. Whether you are paying in cash or financing your car, getting the lowest price possible will help with lower monthly payments.

You should also consider special ordering your car from a dealer if you do not see the car you want on their lot. Often, the car you want will have options that you do not want, and will have to pay more for them. But since dealers often want to get rid of the cars they already have on their lot, you maybe able to negotiate a lower price for a car that is already there, that has some extra options, but still get a lower price.

Obtaining an auto loan can be tough. After finding the car you want, you then need to shop around for the best deal possible on your auto loan. Most companies are going to quote you different rates, whether you go through the dealership, or through another company. This is why it is always wise to do your homework, and shop around as much as possible, before settling on an auto loan.

If you decide to finance your new car, the dealership may contact their lenders on your behalf. They may not always get the best deal possible for you, that is why it is important for you to contact the lenders yourself, and to try and obtain the best deal possible. You should then compare the deal that the dealership gave you, to the deal that the lender gave you. When you finance a car, make sure not to only pay attention to the monthly payment, as there are other factors that will determine how much you will pay for your car. The total amount you pay for your car will depend on how much you pay for your car, the APR, and the length of the loan. Make sure you take in account all these factors when deciding on an auto loan.

Before you sign the contract to buy your new car, make sure you look over the terms and financing of the car, to make sure you are able to afford it. Before you drive off the lot in your new car, make sure that you and the dealer both have a copy of the contract, and that every bank that needs a signature is signed by both you and the dealer.

In many cases we want just a little bit more then we can afford - this is the human nature. If this is the case consider taking a personal loan for buying a car

Now that you know a little bit more about what to look for when you decide to finance your new car, you will be sure to get the best possible deal. Always look at all of the terms when deciding on whether or not to finance, and make sure you shop around as much as possible to get the best possible deal.

Auto Loans Revealed

The New Auto Loans

Remember those days when you had to find to a loan office or the nearest bank, then finding a way to get to it, just to receive at loan? Well those days have long since passed and now loans can be easily acquired from any where you have access to a computer with an Internet connection. Not only is this new method of receiving auto loans very convenient, but it’s also considerably quick and hassle free. All that you have to do is fill out our application form to the right and wait for you auto loan approval!

Here at 1st Loan Lender we work hard to help you buy the car you desire. Whether you have horrible credit or great credit, we guarantee you will be offered the most competitive auto loan rates on the market today.

What Is An Auto Loan?

An Auto Loan is a very useful tool. Auto loans are unsecured personal loans in which you may purchase an automobile. Like other loans this loan will also have a payment plan which will be decided between you and your future lender. However, auto loans can also be used to buy out a current lease on your car. This will allow you to take full ownership of your current vehicle by paying off the remaining sum still on your lease.

Having a car in our world today is a must have. That is why we at 1st Loan Lender will provided with great auto loan deals, helping you acquire the freedom to travel in an automotive.

Showing You The Way

Not sure how auto loans work? 1st Loan Lender feels that it is our duty to inform you. First you will have to fill out the free, no hassle approval application to your right. Then we will review your initial application and correctly match you with one of our many auto lenders, who of which, will then provide you with the perfect auto loan quote.

It doesn't take long either to hear a response about your free auto loan quote. As soon as the application has been processed you will be contacted and provided with a large list of lenders that are adequate to your standing. You could then be buying your car as soon as the next day!

Car Loans Today

Online car loan

A car loan is simply an unsecured personal loan used to purchase an automobile. Not only can a car loan be used to purchase a car, but car loans can also be used as down-payments on a new or used car. Another way to use a car loan is to buy out your lease, in other words paying off the residual amount of what is left on the car after the lease is up to take full ownership of the automobile.

Overall, a car loan is a great way to finance or refinance all your car needs. 1st Loan Center wants to provide you the most competitive rates for your car loan needs.

Today

It used to be that you had to find a car loan shop or visit your local bank, but today the Internet has made the car loan process much more convenient. Forget the hassle of having to go out and find a car loan lender. Apply for a car loan from your office, home, or anywhere you desire. Use 1st Loan Center for your first car loan and any loan thereafter. We are just a click away.

No matter what your credit history is like, we guarantee that you will qualify for an appropriate car loan. Good, average, or bad credit, it doesn't matter. We guarantee to offer you competitive car loan rates.

Car Loan Process

Of course the car loan application that we provide is entirely FREE of charge! We simply process your application and we match you with a wide range of lenders that provide car loan quotes with different terms and rates. We want to find the perfect car loan for you.

Wondering how long it would take to get a car loan quote? We instantly provide you with a list of lenders and car loan offers right after we process your application. As soon as the very next day you could be purchasing your new or used car of choice.

Just imagine, if applying for a car loan with 1st Loan Center is that quick, imagine how fast you will be driving off the lot with your new or used car!

Used Car Loans

Want to buy a used car but just don't have the funds sat in your bank account? If so, why not consider taking out one of the many used Auto loan available on the loans market.

Used car loans are specifically designed by loans companies to provide used car buyers with a competitive finance arrangement through which to purchase a used car. Flexible loans terms are available from used car loans companies, as well as low APR deals suitable for used car purchases. Used car loans of up to £20,000 can be arranged on an unsecured basis, with loans companies offering higher loans amounts if security is supplied.

Advance plan your used car loans

When buying a used car it pays to do some advance planning and arrange your used car loan ahead of the search for a used car. There are many loans companies out there offering loans for used car purchases, so it makes sense to shop around to get the best loans deals for buying a used car. Look for car loans that are flexible to your needs and offer a low APR, so your monthly used car repayments on any loans taken out won't be sky-high.

As with all types of loans, you should first determine how much you can afford to borrow on loans to buy a used car. Loans calculators are available on the Internet and can be used to calculate loan and repayment amounts in accordance with different APRs. It is important to take into account other financial commitments too, Student car loan, when calculating the loans amount that you can comfortably borrow to purchase a used car.

If you intend to buy your used car from a used car trader where they offer car loans / finance for their used cars, then do make sure that the loans deal you sign up to is better than the loans deal that the used car trader can offer. The APR rate is the critical thing here. On car loans tailored for used car purchases the APR rate - i.e. the rate of interest you'll pay on top of the used car purchase price - can be as low as 6%. Finance loans deals through used car traders may have a higher APR, so pushing the total cost of buying a used car up to an unacceptable price.

One final thought. When negotiating the price of a used car with a trader, they may accept your lower offer providing that you take up one of their loans to finance the used car purchase. If this is an option then do check the terms and conditions of their loans carefully, paying special attention to the loans APR rate, as the savings from your negotiation on your used car may not be as attractive as first imagined when you consider the final costs attached to their loans!

Car Loan Tips

1. Determine your financial situation

This is the first and most important step in the car buying process. You must know how much you can spend before you can determine what you can afford. You don't want to get stuck making a bloated car payment that will leave you eating bologna sandwiches for three years.

First of all, you need to have a monthly budget. This is very easy to calculate. Add up all of your fixed monthly expenses, such as your rent/mortgage, phone bill, etc. Subtract that from your net income. Then subtract your estimated extraneous expenses, such as food, gas, entertainment, whatever. The result should be an amount of money you have to play with.

From that, you need to remember that buying a car involves more than a down payment and monthly payments. In your budget you will need to include licensing, registration and other hidden costs, as well as monthly insurance costs, gas and maintenance.

Once you have all of this worked out, you should have a ballpark figure of the budgeted amount you can use for car payments. A good rule of thumb is roughly 20 percent of your net income can be used for a car payment. Once you determine that figure, stay with it.

2. Decide which car you want

Now that you have settled on a monthly allotment, now you can look at which vehicles fit into your price range.

This is really about personal choice, but a good criteria to go buy is to look at what your needs are. Do you have a family? There are plenty of affordable, safe and reliable minivans and station wagons on the market. Single and commute, or do a lot of city driving? The compact segment has a wide range of models to choose from that boast handling and superior gas mileage. Do you use your vehicle for work-related tasks, such as hauling, delivery, etc? Check out the many light and heavy-duty pickup trucks and vans. Midlife crisis? There are several convertibles and sports cars that will make you feel young again.

Also consider your wants. Compact cars get really good gas mileage and are a great if you want to save money on the increasing gas prices. Plan on taking road trips? Consider something that gets good mileage and has cargo space and lots of cup holders. Plan on going off-roading? The SUV is your best bet. Some even come with a first-aid kit!

Once you've narrowed your choices down to a couple, it's time to do some car research.

3. Do your homework

All right, Columbo. Here's where you will need to spend some time sorting through some details, but it will be worth the effort in the end. After all, the more you know about what you're buying, about whom you're buying from, and about the buying process itself, the more money you will end up saving.

There are plenty of places for you to do your car research. Check out the Internet and newspapers, contact car dealerships, credit unions and local banks to see what kind of deal you can get. Knowing what a car dealer's competition is offering can only help you out in the negotiating process.

Look at interest rates. You'll want to get the lowest possible interest rate, as it will help you pay less in the long run. Many car buyers focus on getting the lowest possible down payment. If a car dealer gives you a low down payment, the money you are saving has to be made back. Car dealers will find ways to lower your down payment, and as a result will find ways to compensate for their generosity. By deferring the down payment "savings," with interest, you'll end up paying more in the long run.

Also be aware of factory-to-dealer incentives. The secret is that the manufacturer refunds a certain percentage of the car's price to the dealer. So even if the car dealer sells you a car at the invoice price, he or she will still make money from the deal. Find out about a manufacturer's incentive percentage, as they are public information.

You should also look out for rebates. When incentives are offered, this often means the manufacturer wants to either get rid of slow-selling cars or reduce the inventory. Therefore, they may also offer the buyer a cash rebate and a low financing rate, or an option of one of the two.

4. Go to the car dealerships

Now that you have an understanding of what kind of rate you will be offered, you now want to go out to the car dealerships. You already have an idea of what kind of car you want, how much you can spend and what kind of perks you can get. Also you have an idea as to what different car dealerships are offering. This is quite a bit of information for you to carry with you into the negotiating process. But again, the more you know, the better off you'll be. But remember: Car dealers are professional negotiators and do it everyday. You are a novice and will be treated as such. The car dealers aren't going to be easy on you, nor are they going to point out all the ways you can save money. It's up to you to find all of those.

Also remember that you are in control at all times. You have the right and ability to stand up and walk out of the office at any point and the dealer will lose the sale. Don't let a car dealer intimidate you. Be relaxed and comfortable you know all the information and that you hold all the cards.

Budgeting for your car

Buying a car could be the second most expensive purchase you make in your life (after a house) so it is essential you consider all the financial implications before you drive away.

What are the purchase costs?

There are a number of initial costs that must be factored into your budgeted purchase price. These include:

Car registration.
Compulsory Third Party Insurance.
Other insurance – if additional cover is required.
Mechanical or other inspections.
Dealer delivery charges.
Government taxes and levies – including stamp duty and transfer fees.

What everyday costs should I budget for?

The most obvious running cost you’ll have is fuel, but with oil prices fluctuating, petrol can be difficult to budget for. In addition to fuel, other costs include:

Insurance – if you require comprehensive or third party, fire and theft insurance in addition to the compulsory third party included with your registration, this must be factored into your budget as insurance costs can add up.
Loan repayments – if you required a loan for your car, these costs must be considered.
Regular services – again, these can be costly, especially if you are not comfortable doing minor work on your car such as oil and filter changes.
Spare parts and repairs – including tyres, filters, mechanical parts and lights. Repairs, including those for normal wear and tear can soon add up, in particular for non-standard or luxury cars.
Membership of associations and clubs – annual fees of automobile associations offering breakdown assistance need to be considered in your budget.
Registration costs – unfortunately, not a one-off payment on purchasing the vehicle, registration is a potentially costly annual financial drain. You may also be required to provide certification regarding the mechanical performance of the vehicle which involves a trip to an inspection station and additional costs.

Working out your budget

Once you have decided on your new car, put down on paper all the potential costs involved with the everyday running of the vehicle. If in doubt, over-estimate rather than under-estimate. And don't forget the fuel costs; with petrol fluctuating up to $1.40 a litre, everyday travel can become an expensive exercise.

Example

Jonathan* is planning to purchase a new car for $30,000. He has decided that he can contribute $10,000 from his personal finances, leaving $20,000 which he is financing with a car loan.

Jonathan's budget

Fuel – Jonathan estimates that he will travel approximately 300km per week. At an average economy of 10km per litre and a slightly inflated fuel price of $1.45 to take into account any sudden rises, Jonathan's annual fuel cost will be $2262
Insurance – Jonathan has decided on comprehensive insurance for his new car, costing him $326 per year
Registration – and compulsory third party insurance will cost Jonathan $732 per year
Maintenance and service charges - Jonathan has calculated that $300 should cover all his annual maintenance needs
Loan repayments – annual repayments are $5650
Club membership – Jonathan has chosen to join his state's automobile association with an annual fee of $150

Jonathan's annual costs for his new car are $9420 which equates to a weekly budget of $181.15.

Should You Refinance Your Auto Loan?

There are four conditions when it is a good idea to Refinance car loan:

(1) When you want to save money by reducing your current loan rate without extending the terms of your loan.

For example, suppose you borrowed $15,000 at 9% one year ago and planned to make payments over a four-year period (48 months). Now auto loan rates have fallen to 7% and you want to refinance for the remainder of the loan term, 36 months [48 - 12 months]. You will save over $2,000 on the total price of your car and lower your monthly payments.

(2) When you are having financial problems and want to lower your current monthly payments

In order to lower your monthly payments, you will have to extend the term of your loan, meaning you will want to take a longer period of time to pay it off.

Suppose you financed $15,000 at 7% for 36 months (3 years). Your monthly payment would be $463.16. By extending the term of the loan from 36 months to 48 months (4 years), you can lower your monthly payment to $359.19, freeing up $103.97 each month to meet your other expenses. If you extended your loan from 3 years to 5 years, you could reduce your monthly payment to $297.02, saving you $166.14 each month.

(3) When you want to reduce the length of the loan in order to reduce your total interest expense.

Suppose you originally borrowed $15,000 at 7% and planned to pay it back over the next five years (60 months). By refinancing and agreeing to pay back the loan over a four year period (48 months), your monthly payment will go up slightly, but you will save hundreds of dollars in interest charges.

(4) When you need to get cash from your current vehicle lease or loan by refinancing and drawing out the equity

If you've almost completed paying off your current lease or loan (for example, if you're $2,000 away from paying off a $15,000 loan) you can refinance the existing loan for equity giving you cash now to pay other debts.

Auto Financing Regardless of Credit History

Bad credit secured car loan

More new car loan bad credit information

Providing Auto Loans for People with Bad Credit

Auto Financing Regardless of Credit History

Things You’ll Need:

Tips & Warnings

What Is An Auto Loan?

Showing You The Way

What are the purchase costs?

What everyday costs should I budget for?

Working out your budget

Example

Jonathan's budget

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