Finding an auto loan with bad credit.

Written by N Hynes

Finding an auto loan online is easy regardless of you credit score. By simply completing a simple one page application hundreds of online lenders who will compete for your loan business. There are certain guidelines you should follow which could help you save money on a car loan even with poor credit. Careful planning, comparison shopping and persistence are necessary to findrepparttar best deals.

Firstly you need know how much you can afford to spend on monthly car payments. Use one ofrepparttar 147018 many online loan calculators to help you with this. Then it's just a matter of shopping around to getrepparttar 147019 best interest rate. The internet has made it easy to shop around and compare rates because you can compare rates with hundreds of lenders from one site. You can compare traditional lender such as banks, credit unions, etc. The lowerrepparttar 147020 interest raterepparttar 147021 more you will have available to spend on your car. You will also have to deciderepparttar 147022 term ofrepparttar 147023 loan.

Mortgage sales hit problems

Written by Richard Green

The housing market has been buoyant overrepparttar past few years, but mortgage providers and first-time buyers are both now facing a tough time. Following announcements fromrepparttar 147017 Bank of England that there has been an overall decline inrepparttar 147018 total number of UK home-buyers, and a declaration fromrepparttar 147019 Financial Ombudsman Service (FOS) thatrepparttar 147020 number of disputes concerning mis-sold mortgage endowments has now hit record levels, it seems that mortgage lenders are facing a bleak time. Add to thisrepparttar 147021 results of a new survey, byrepparttar 147022 Edinburgh Solicitors Property Centre, which shows potential first-time buyers fear that they may never get ontorepparttar 147023 property market, and you start to see a worrying picture ofrepparttar 147024 housing market emerge.

The problem withrepparttar 147025 mis-selling of endowment mortgage products has recently maderepparttar 147026 headlines inrepparttar 147027 world of personal finance. The FOS admitted receiving 70,000 new complaints about endowment mortgages,repparttar 147028 equivalent of 1,300 a week, compared to just 300 a week three years ago.

The main grounds for complaint revolve around people who believe that mis-selling had occurred regarding policies. Many consumers feel thatrepparttar 147029 endowment product sold to them was unsuitable either because it would lead to financial short-falls, or becauserepparttar 147030 level of risk involved had not been adequately explained to them prior torepparttar 147031 policy commencing.

The sheer scale and number of complaints has lead to changes in regulations andrepparttar 147032 imposition of deadlines for lodging complaints.

"The number [of complaints] we can expect to receive inrepparttar 147033 current year will largely be determined by how financial services firms meetrepparttar 147034 new regulatory requirements on so-called re-projection letters. Most of these letters will warn of likely mortgage shortfalls and many will give, forrepparttar 147035 first time, an explicit deadline by which any complaint must be lodged.", Walter Merricks, chief ombudsman. The situation is no better for first-time buyers either. Forming a significantly important sector ofrepparttar 147036 house buying market, a recently published study from GMAC,repparttar 147037 financial subsidiary of General Motors, carried out by Professor David Miles, who was originally commissioned to investigaterepparttar 147038 mortgage market by Chancellor Gordon Brown, has found that dramatically fewer first-time buyers than ever before are currently entering intorepparttar 147039 housing market. A report from mortgage lender, Abbey, highlighted thatrepparttar 147040 main concern for first-time buyers is not a lack of desire to buy their own house, but rather a fear over whether they feel they can afford to do so. Just over a third ofrepparttar 147041 potential first-time buyers inrepparttar 147042 survey, indicated that they wanted to buy a home withinrepparttar 147043 next year, however only 5% were confident that they would actually be able to.

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