For many Americans, owning a car has become a necessity. Automobiles can mean the difference between being gainfully employed or joining others on the unemployment line, especially in areas without public transportation. So it should come as no surprise that people who have poor credit ratings are beginning to approach alternative finance instituti...
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Economic recovery efforts have enabled some Americans to begin buying new cars again after abstaining because of gas prices and a lack of funds. Consumers have started to purchase new cars more than used vehicles, and manufacturers have taken notice, driving up prices based on demand.The Detroit Bureau said that auto experts believe this is only th...
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According to the latest Credit Trend Report from Equifax, subprime borrowers currently make up more than 46 percent of the amount of new auto loan originations. What's more, prime borrowers have lost some share of bank originations to subprime borrowers over the past two years."The evidence of increased lending to subprime consumers demons...
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With credit card, medical and student debt being fixtures in the news recently, one may be surprised to learn that March is predicted to have been a record month for new automobile sales.MSNBC cited rising gas prices and high costs of used cars as reasons why Americans turned to dealerships to purchase new, fuel-efficient cars last month. Consumer ...
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There is a growing population in the United States who live paycheck to paycheck. Many are approaching short term lending sources to obtain a little extra cash to make ends meet. Loans in exchange for car titles are a burgeoning business in the U.S.A consumer can give a lender their car title in exchange for money, depending on how much the car is ...
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