Financial News & Information.

April 8, 2009

Space Coast Credit Union – Refinance Your Auto Loan

sccuadv asked:

Refinance your auto loan with Space Coast Credit Union. We‘ve got great deals on car loans, both purchase and refinance, and you can even take a payment vacation for up to 90 days!

April 6, 2009

Refinance Auto Loan

ross23937 asked:

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January 1, 2009

Basic Credit Scoring Tips For A Better Mortgage Rate

Mortgage pricing is now paying more attention to credit scoring. Since credit scores are now more important , it is vital that you locate and review your credit score. If you learn how the credit scoring system operates, you can make it work for you. The web site my FICO.com is a great place to start.

Published by credit scoring powerhouse Equifax, myFICO.com give you information right from the source. There are tens of pages of tips and tricks from which everybody can learn.

Here are some basic pointers to get you started:

Remember the number 30: Credit card balances should hold steady at no more than 30% of the card limit. The credit bureau believes that you are responsible with use of credit if this is your situation. If you consider consolidating several credit card balances into a single card, be careful of the single card limit because overloading could hurt your score.

30 Is The Magic Number: Holding your credit card balances below 30 percent of their respective limits shows an ability to manage credit responsibly. Before consolidating multiple credit cards onto one credit line, consider that card’s credit limit. Overload it and the consolidation could hurt your credit score.

The Trend Is Your Friend: A track record of paying accounts on-time means that you’re likely to continue paying on-time. Credit bureaus like on-time payments. If you’ve been late, catch up immediately. At 35 percent, this is the largest component of your credit score.

History Is The Best Teacher: Don’t close unused credit cards. Having a credit “history” accounts for 10 percent of your score.

Start to identify the probable issues in your credit history and improve them. More helpful ideas are available at my FICO.com. Later this year, more credit score adjustments to mortgage rates are expected. So, protect yourself with proactive measures.

We don’t always know all about credit scoring and may need more assistance than a web site can provide. In order to get your best possible mortgage rate, speak to your loan officer for an analysis of your personal information about your credit score.

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December 1, 2008

Taking Cash Against Car Title – Your Useful Guidebook

Filed under: finance — Tags: , , , , — admin @ 3:26 am

During the times of economic crisis and problems one should be very wise about any types of loans.

This article will be devoted to some of the very important issues of the loans and it is highly advisable that you take these into account when choosing a loan.

The process for taking cash against car title is easy and quite fast.

In this regard, the new car loan calculator is quite useful. It’ll help you to calculate how much exactly you can borrow and what the corresponding auto loan interest rate will be. Also, if you are 18 years old or above, with a permanent residential address and if you own a totally paid off car in good condition, then you can easily find an online car title loan cash provider for your fast cash needs. All you need is to fill out a simple online application form submitting some basic info like name, contact details, employment and income details, etc. The process of car loan application is very simple. Just open the site of the company or agency from where you are taking the car loan.

Go to the area which has the form for the online car loan application, then download the form and fill the requisite fields like the name and address of the loan seeker. The amount of loan that you want and the amount of deductible (down payment) you are willing to pay. You also have to give the term of the loan for which you want the loan. It is advisable to do some calculation of your own on this subject by the online loan rate calculator provided by each company and find out the tenure and loan installment most appropriate for you. If you have changed residence in the past two years, you also have to give the details of your previous address. Similarly, you have to give details of your previous employment if you have changed employment recently. Also, you have to give information of your current employment like the latest paycheck, your employer’s address, phone number or identification number.

If you have taken the guarantee of a co-signer then you need to give all information of the co-signer as well. The company or agency will give you a pre-approval before your loan is sanctioned, once these details are sent.

Repayment process cash against car title loan is similar to that of student car loans and other borrowings. In this case, the loan provider holds the car title certificate that you get back only upon the return of the loan amount along with interest. Being a short-term loan, it incurs a huge amount of interest. Although you can roll over into next month, if you are unable to repay on time. However, in such a case you may end up paying an excess of the actual amount. So try to make sure that you have a backup strategy for repaying the car title loan cash long before you start.

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