October 23, 2008

• Car Financing for Bad Credit and no credit checks

  "Don’t worry about your credit."  "Bad credit, no problem." 
  These are slogans you hear car sales advertisements use a lot when they are trying to get you to come in and buy an overpriced car or van.  If you are willing to buy into what these advertisers are telling you, even if your credit tells them you are a bad risk, they can get you that loan to get you into a car because that is just the kind of great guys that they are.  Do you ever see those commercials and wonder, "What's the catch?"  Well the catch is one that could make you feel pretty badly toward car dealerships.  But is one you should be aware of before you let them set you up with a no credit check car dealership loan. (…)

August 14, 2008

• 95% mortgages

  In a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. (…)