Credit Repair Texas - Car Financing

Buy-Here Pay-Here used car lots booming in down economy.  The LA Times is highlighting a profitable nich in the auto business known as Buy Here Pay Here.  "These dealerships focus on people who need cars to get to work, but can't qualify for conventional loans. "They sell aging, high-mileage vehicles at prices well above Kelley Blue Book value and provide their own financing. As lenders of last resort, they can charge interest at three times or more the going rate for regular used-car loans."  There is much more here at the link

Credit Repair Texas is here to help you fix credit rather than use Buy-Here Pay-Here with an industry repossession rates at nearly 1 out of every 4 cars sold.  If you have credit issues give Consumer Credit Capital a call for a free evaluation to see if you qualify for their 5 red flags program.

Principle reduction option

Let us take a look.

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Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out.

The scarcity of credit not only hurts homeowners but also has broad economic repercussions at a time when consumer spending and employment are showing modest signs of improvement, hinting at a recovery after two years of recession.

Refinancing could save owners hundreds of dollars a month, which could be spent, saved or used to pay down debts. Extra spending would help lift the economy, and lower payments might spare some people from losing their homes to foreclosure.

http://www.nytimes.com/2009/12/13/business/economy/13rates.html?_r=2

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