December 6th, 2009
If you have a credit score around 500 or so, you are well aware that it’s difficult to buy a car with bad credit that is that low. There are some companies that can help you to get financing however, and little to no money down is doable if you meet basic lending guidelines. So, if you have horrible credit, you can still get a car loan so long as, you use the right kinds of lenders.
You see, each bank, credit union and auto finance company has different guidelines that they use to approve people for credit. That’s why you can get approved by one, but turned down by others. That’s just the way that lending works.
So in order for you to get approved with a really bad credit score, you will have to use the lenders that will approve you. Although that sounds very simple, it’s something that a lot of people don’t think about. Many people just go into applying for a vehicle blindly, without taking this to consideration. It’s understandable though, as it’s hard for the average person to know where to apply, because lending guidelines aren’t openly advertised.
You can get approved for a car loan with companies that offer special finance programs to people with low credit scores. You can get a bad credit car loan with little to no money upfront, although it can be a good idea to have a small down payment, if for no other reason than to lower the amount that you’re financing.
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December 6th, 2009
Here are three tips that will help you to save money. Negotiating payments is one of the worst things that you can do when buying a car with bad credit. Buy here, pay here dealerships will cost you more in the short and the long term, and online auto loan companies can provide good options vs in house finance. Negotiate Price First. It is a common tactic that car salesmen are trained to do… get the customer focused on negotiating payments, rather than the price of the vehicle. The reason for this is simple. If you negotiate payments, then you really don’t have any idea what the price is that you’re paying for the car. Your interest rate is also an unknown until you get ready to sign the contract. By keeping your negotiation focused on the price of the vehicle, or the trade difference, you will save money. Avoid In House Financing. Dealerships that offer to finance their cars to anyone that has a down payment can cost you more money in the short and long term. The prices are high on cars that are sold to people that are desperate for auto financing and these dealerships know how to get away with it all too well. You’ll do much better if you avoid buy here, pay here dealers.
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August 19th, 2009
We all love the idea of air miles credit cards. These credit cards allow us to earn mileage points for every flight that we take. The goal, of course, is to use those miles to get a free flight at some point in the future, allowing customers to effectively take an unplanned vacation. However, the majority of people who have an air miles credit card don’t actually ever end up getting this free vacation. That’s usually because they don’t understand the two different types of air miles credit cards that exist and how one might be better than the other for their flying style.
Airline-Sponsored Credit Cards
The first kind of air miles credit card is the card which is sponsored by a specific airline. This means that you earn miles every time that you use that card to purchase a flight on that specific airline. This is great for people who are committed to flying on the same airline. It’s also great for business travelers who work with companies that always fly to and from the same locations. However, airline-sponsored air miles credit cards hinder people who try to get the best deal on the flights that they take. That’s because deals differ by airline at any given time so the one that works on your card may not be the one that’s offering the best rate. This means that you have to choose between paying a higher rate now in order to get miles on your air miles credit card or paying the lower rate but not being able to get mileage points.
Bank-Sponsored Credit Cards
To resolve this dilemma, many people turn to bank-sponsored air miles credit cards. These credit cards are designed to offer more flexibility in choosing the airlines that you work with. Instead of being saddled to one airline, you are able to get the best deals on flights and let the mileage accumulate across different airlines (all on one card). This sounds ideal – and for some people it might be – but consumers should be aware that the benefits of bank-sponsored air miles credit cards are often not as extensive as those cards sponsored by an airline.
Choosing an Air Miles Credit Card Read the rest of this entry »
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August 19th, 2009
If you’re a marketer your number one concern is customers. You’ve probably read and heard a million and one ideas about how to build relationships, retain customers, create a list of potential customers, and inspire consmer loyalty. But the tough question is, “How do I convert prospects into customers?”
There are a lot of people out there who see your ads, think about them, and maybe even say, “I ought to…” They’re just waiting to be convinced to to do something about it. There is something you can do to get them moving!
1. Improve Your Offer
No on can pass up the deal that’s “too good to resist.” Think about it… how often do your customers want your product, but just want something else a little more? That leaves you with a long list of “almost sales” that have the potential to be converted into real sales and profit. Sweeten the deal. Make the offer so good they can’t resist it.
Now, I’m in no way suggesting that you Read the rest of this entry »
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