car loans – Banks Credit Chat

Car Loans and Credit 2023 -Buyers Are Going To Be In A Shock!

tdre — Sun, 30 Apr 2023 16:41:02 +0000

In this video I discuss the changing landscape for Car loans and Credit for 2023. The ease of getting car loans and the old adage of any one with a pulse can get a loan is dramatically changing.

Credit Cards & Car Loans – Why A Credit Card Should Never Be Used For A Down Payment on a Car Loan !

tdre — Mon, 27 Jun 2022 14:37:00 +0000

In this video I discuss using a credit card for a down payment for a car loan. Why this may be tempting the repercussions finacially is not worth it. There is so much talk today of using credit cards for everything and in many cases it makes sense.

However when it comes to cars it is generally a bad idea. Find out why in this video.

New Credit Scheme For Car Dealers- The No Credit Check Car Loan

tdre — Tue, 16 Feb 2021 20:59:00 +0000

In this video I cover an article entitled: ” What Are No Credit Check Car Loans“. Here is the link: https://www.jdpower.com/cars/shopping-guides/what-are-no-credit-check-car-loans

It seems car dealerships will go through great lengths to get you in a car. This new no credit check car loan gives new meaning to a term used by Car Salesman’s “Ass In Seats”.

Now if you have credit challenges and you desperately need a car the no credit car check loan could be a possible option for you. However buyer beware, because with no credit checks that more than likely means high interest rates for you as a consumer.

In addition a no credit check car loan also means you are not building up your credit rating since they will not count your payment towards your credit history.

Car Credit Scam-I Must Have Good Credit Since I Can Get A Car Loan!!!

tdre — Mon, 07 Dec 2020 16:32:00 +0000

In this video we discuss the misconception that many people share when it comes to obtaining a car loan. Does being able to get a car loan suggest you have good credit or is it a car credit scam? Find out in this video.