TransUnion.com released today the results of its analysis of trends in the auto lending industry for the third quarter of 2009. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data available on TransUnion’s Web site www.transunion.com/trenddata. Information for this analysis is …
Andrew “Dear Steve, I have a motorcycle i bought in 06 and i haven’t been able to pay on it for almost a year now. I am about to be sued for the balance i am in default on the loan and it has gone from the credit card company to a collection agencey. Can …
“Dear Steve, My husband and his father are cosigners on a car loan together which is in mine and my husband’s possession and we are the ones paying for it. Due to my father in laws illness he has filed for Chapter 7 bankruptcy, the lawyer has stated on the forms to remove my father-in-law’s …
Annilette “Dear Steve, My situation is that i lost my job couple of months ago. I had just moved and I have a car that I leased 2 years ago but havent made payments on it for 3months now. my dad is the co-signer and I didn’t mean to hurt his credit, but my dad …
An interesting article worth reading is a recent USA Today article titled “Violence up between repo men, car owners“. Alone in his mobile home off a winding dirt road, Jimmy Tanks heard a commotion at 2:30 a.m. just outside his bedroom window: Somebody was messing with his car. The 67-year-old railroad retiree grabbed a gun, …
“Little Three” Detroit automakers seem to be consumed with fear that people would not purchase a new car from an automobile manufacturer that was or has gone bankrupt and that the fear of bankruptcy is scaring buyers away. I think this just shows how out of touch that Detroit is with the American buyer. It …
Dayna “Dear Steve, I have an upside down auto loan that I owe about $27,000 on a Mazda car and my monthly payments are $500 per month for 7 years with about 12.45 percentage interest rate. I am unable to refinance my auto loan because my credit is not that good and I owe too …
There is more to worry about if GM goes bust. Sure, nobody likes yet another bailout but the repercussions in job losses will rocket through not only the car company but all the suppliers, local economies, GM dealers, and so much more. But here is a subject that I have not heard talked about. If …