Jump in Home Loans at Wells Fargo, JPMorgan Shows Revival

“If you think of the massive footprints these two banks have, the results are an indication of where the mortgage market is heading,” said Keith Gumbinger, vice president of mortgage-data firm HSH Inc. “The economy is continuing to get stronger and interest rates are still favorable.”

The mortgage-volume gains at Wells Fargo, the largest US home lender, and No. 2 JPMorgan exceeded expectations. The Mortgage Bankers Association estimated on March 20 that lending in the industry would grow 17 percent to $288 billion in the first three months of 2015.

Falling mortgage costs spurred homeowners to refinance their mortgages. The average rate for a 30-year fixed mortgage dropped to 3.66 percent in the first quarter, according to Freddie Mac. That was the lowest since the first quarter of 2013.

Mortgage Rates

The average rate in 2015 probably will drop to 3.9 percent from 4.2 percent in 2014 as Europe’s economic troubles spur foreign investors to buy US mortgage bonds, according to Doug Duncan, chief economist of Fannie Mae.

The 12 straight months of job gains of 200,000 or more through February also boosted demand for home loans.

John Stumpf, chief executive officer of Wells Fargo, said lower unemployment is one reason for his guarded optimism for lending in the second quarter.

“Home affordability is very high,” Stumpf said in a phone interview. “Secondly, if you look at wage increases, you are starting to see some of that. Unemployment is down, or job creation, and that’s a good thing for housing. And you are starting to see in certain markets, inventory is available.”

A National Association of Realtors index that tallies signed contracts to buy homes rose in February to the highest level for that month since 2006.

Home Sales

Sales of existing homes this year probably will rise 6.4 percent to 5.3 million after dropping about 3 percent in 2014, according to the association. That would be the highest since 2013, the first year of the housing recovery.

Purchases will be driven by first-time homebuyers who have been locked out by an uncertain job market and stagnant wages, said Lawrence Yun, chief economist of the Realtors’ group.

“The recovery in the jobs market is helping entry-level buyers to improve their finances at a time when mortgage rates are still very low,” said Yun. “That means we’re going to see a steady rise in first-time buyers in 2015.”

As these Americans enter the market, more move-up buyers will list their properties and purchase new homes, he said. Sales of new homes, representing about a tenth of the market, will surge about 33 percent to 583,000 this year, Yun said.

“New-home sales are coming from a deeper downturn than the existing market, so we’re going to see some bigger gains,” Yun said. “There’s a chain reaction that needs to take place for new-home sales to rise. People need to know they can sell their existing homes before they look into moving up to new construction.”

Lending Forecast

Mortgage lending probably will rise 9.7 percent to $1.23 trillion this year, with 59 percent of that going to finance home purchases, according to the MBA. That would be the strongest year for home financing since 2013.

Wells Fargo is well-positioned to continue its increase in originations. Its mortgage pipeline is up 69 percent from the prior quarter and applications have gained 41 percent, said Alison Williams, senior financials analyst with Bloomberg Intelligence.

“The two banks not only had relatively stronger growth in mortgage volumes,” said Williams. “Wells Fargo’s mortgage pipeline and application volume suggests that growth could accelerate in the second quarter.”

MasterCard is Master of the Credit Card Universe (MA)

There are few investments that are better than buying into an oligarchy. The credit card sector is dominated by very few issuers, and one of them is the almighty MasterCard Inc (NYSE:MA).

Its quarterly earnings were not only terrific, but as Americans have returned to their overspending ways, it looks like even brutal currency effects won’t matter that much to MA stock.

The New York Federal Reserves fourth-quarter report of household debt and credit telegraphed how robust MA earnings were going to be. Total credit card debt was up $20 billion and approaching $10 trillion. The aggregate credit card limit increased another 0.7% from the previous quarter, even as balances increased as well. Total accounts increased to almost 410 million, while credit inquiries increased 4 million.

  • 7 Bargain Stocks With Great Values for Under $10

It also helps that people are, on a global basis, ditching cash and checks for plastic and debit cards.

All metrics tell us one thing: consumers are spending on credit cards and that could only be good for MA. Earnings reflected all of these trends. MA saw a 12% increase in processed transactions to 11 billion, and a 12% increase in both gross dollar volume of transactions and purchase volume.

MA reported EPS of 91 cents, blowing away estimates of 80 cents, and up 24% over last year. When we drop in the currency effects that every multi-national company is feeling this quarter, EPS still came in up 22% at 89 cents. This came on a revenue increase of 8%, or 3% after accounting for currency effects.

Because MA is collecting juicy fees on all those transactions, it is a cash flow business that I love. MA operating cash flow killed it  up 60% to $911 million.

The balance sheet is a thing of beauty, with cash at $4.2 billion and debt at $1.5 billion, amounting to $2.70 per share in cash. MA has been returning cash to shareholders in two ways, through its 0.7% dividend and repurchasing 11 million shares for about $950 million.

I believe things are only going to improve for MasterCard. Once consumers had decided they had delevered enough in last 2013, the march back to increasing household debt resumed. It’s not going to change. Human beings live beyond their means. We are a consumption-driven world, and almost every society has this issue.

We are a species that wants what we want, when we want, in the way we want. “When” often means “now,” and the temptation to charge it is difficult to overcome. I view MasterCard almost like a tobacco company. It provides a product that people desperately desire, and can have trouble controlling.

There’s also a big development brewing in China, which is going to end the monopoly in bank-card clearing so that China UnionPay Co. is no longer the only game in town. Naturally, MasterCard will benefit.

At a net-cash-adjusted price of $87.50, MasterCard trades at 26x FY15 estimates of $3.47. Now, I expect MasterCard to continue beating, as it has for the past several quarters, by around 8%. So realistic EPS might be closer to $3.75, giving it a price-to-earnings ratio of 23.5.

Long-term analyst estimates are for 17.45%, plus the 0.7% dividend, means an 18.15% expected growth rate.

For a growth stock in a oligarchy, a price/earnings-to-growth ratio of 1.3 is very attractive. I think MasterCard is a buy.

As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned securities.

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Cheaper Uber Rides for Capital One Cardholders?

The good thing: If you have the card or can qualify for it, youre essentially able to get 20% off every Uber ride you take through April 2016, according to the announcement. The bad thing: Even with a 20% statement credit, you could drop some serious money on Uber rides, and the discount may encourage you to use the service more often than you did before.

Of course, thats probably the business strategy at play here. Heres what consumers need to know about the deal:

Its a Yearlong Offer

The Quicksilver/QuicksilverOne 20% Uber statement credit ends April 30, 2016. Only accounts in good standing (and open, obviously) qualify for the credit. If you use Uber, youll need to make sure that card is selected as your payment option, otherwise youre not getting anything back.

Its a Rebate, Not Instant Savings

The 20% statement credit will appear on your account within one to two billing cycles, according to the announcement. That means you have to pay for the full-price ride first, and youll get 20% of that rides cost knocked off a future payment.

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It Could Cost You

Consumers with excellent credit may qualify for the Quicksilver card, and those with average credit may qualify for the QuicksilverOne. The first card has a 12.9% to 22.9% variable APR (after promotional financing ends), and the second has a 22.9% APR, so if you dont pay your statement balance in full, you could end up paying a lot more than you think youre paying for those rides.

If you dont have either of these cards right now, consider these things: Applying for new credit results in a hard inquiry on your credit report and will negatively affect your credit score a bit for six months. The Quicksilver has a sign-up bonus of $100 if you spend $500 on the card within the first three months. Both cards have promotional 0% financing until January 2016, and both offer 1.5% cash back on every purchase. The QuicksilverOne has a $39 annual fee.

The Uber deal seems to be a nice reward, particularly if you already have one of these cards, but if youre considering opening an account in wake of this announcement, make sure you carefully consider how applying for and possibly adding this account will affect your credit profile. Before you apply for any credit, its always a good idea to check your credit scores — you can get two for free on Credit.com — so you have an idea of whether you meet the issuers credit score requirements. (And obviously, its counter-productive to apply for a card for which youre unlikely to be approved. The hard inquiry will cause a small, temporary drop in your score.)

At publishing time, the Capital One Quicksilver and Capital One QuicksilverOne are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment.

Note: Its important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

More on Credit Cards:

  • How to Lower Your Credit Card Interest Rates
  • 6 Smart Credit Card Strategies
  • How to Get a Credit Card With Bad Credit

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Note: Its important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

3 Strategies to Getting the Lowest Debt Settlement Possible

Settling debt is the process of negotiating with your creditors a payment less than the total amount owed. Often times people feel that as a person who is struggling to payyour bills that you are negotiating from a weaker position after all you owe money and likely arent in a position to pay it. But think of it from the debt collectors view they are trying to get money out of a person that likely doesnt have much money no easy task.

You have more leverage than you think in settling your debts and in this article I will give you three strategies that can help you get the lowest settlement possible.

#1 Delinquent Taxes and Child Support Can Help You Settle Your Credit Card Debt

Not all debt is created equal. Certain debts are given special treatment over other types they are given priority. Two types of debt that get priority over debts like credit card bills and medical debt are taxes and child support.

While it is no fun to owe delinquent taxes or be behind on your child support payments the fact that you owe these debts can be used in negotiating a lower settlement. The reason is even if you were to get sued on the credit card debt and they got a judgment against you, the IRS and your child support will have priority (and thus get paid first) in any given wage garnishment situation.

When a creditor understands the reality of that situation they will likely be willing to take much less in the form of a settlement because they know it will be a very long time before they get paid if they ever get paid anything at all if they keep pushing for a higher amount.

#2 Know When the Statute of Limitations Expires on Your Debt

If you owe someone money there is only a set amount of time in which they can file a lawsuit against you. Here in Arizona if you borrowed money from a person or a bank (including a credit card) and you had a written agreement in place then the creditor has 6 years to file a lawsuit against you. If they dont they are barred forever from doing so. This is known as the statute of limitations.

The other day in my office I had couple come in and show me a recent letter they had received from a debt collector. The collection letter was for a very old debt and the collection agency was offering to settle the debt for pennies on the dollar. The reason why they were willing to settle the debt for so little is because the statute of limitations had expired and they could not longer sue the consumer to get the debt paid however that was not entirely clear just by reading the letter.

If the statute of limitations has expired in most instances you shouldnt pay the creditor a penny. They slept on their rights and can no longer come after you through the courts. There isnt much reason to pay them at all.

However, if the statute of limitations has not yet expired you should find out when it will expire and then you can either wait it out or use that as leverage to get a lower settlement deal. After all, if the statute of limitations is near the creditor will understand that if they dont get something from you now they may be out of luck for getting anything from you in the future.

So, how do you know if the statue of limitations has expired? Here are four steps:

  1. What kind of debt is it? Depending on what kind of obligation you have there may be a different statute of limitations. For example in some states there is a shorter statute of limitations or an oral agreement as compared to an agreement that is in writing.
  2. What state do you live in? Each state has different statute of limitation periods for different types of debts. If you live in Arizona come see me and I can help you determine what the applicable period is for your case. If you dont live in Arizona check out Google and then call a lawyer in your state.
  3. When do I start calculating the time? This happens when the account goes into default and your creditor could have sued you. In most credit card cases this is usually when the account is 30-60 days past due.
  4. Has the Creditor Filed a Lawsuit? Once a creditor has filed a lawsuit, so long as the statute of limitations hadnt already expired, they have met the requirement. If they havent and six years has gone by they are forever barred from suing you.

#3 Dont Threaten Bankruptcy

The idea behind threatening bankruptcy to your creditors makes sense I mean if you file for bankruptcy they will likely get zero, and if they agree to settle they may only get a small amount but it is better than zero, right? The problem is everybody threatens to file bankruptcy when they are talking with debt collectors. While logically it makes sense to threaten it, it likely wont influence the creditor to lower the settlement amount. They know that while everyone threatens bankruptcy most will not file so it isnt much of a motivator to take less on the deal.

Your better option to settling your debt is to fully understand what things you have in your favor and use them to your fullest advantage.

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Attractive rates for the nation’s savers

  • IN REPORT: Tesco and Ocado were both mentioned in the Which? report.

  • Generic picture of Tesco carrier bags in a shopping trolley. PRESS ASSOCIATION Photo. Picture date: Tuesday October 2, 2007. Supermarket giant Tesco weighed in with another bumper profits haul today, even though downpours cooled its sales growth over the summer. Like-for-like sales in the UK rose 3.5% in the six months to August 25 – the lowest rate of growth so far this decade – but Tesco still saw profits improve 14% to pound;1.32 billion. That was higher than expected in the City. See PA story CITY Tesco. Photo credit should read: Ali Waggie/PA Wire

  • FUNDED: Tony Gaskins, chief executive of the Citizens Advice Bureau, in Grimsby. Picture: Rick Byrne PICTURE: Rick Byrne / Grimsby Telegraph Buy this photo at www.thisisphotosales.co.uk/grimsby or by contacting 08444 060910 REQUESTED BY: story by Simon Faulkner CONTACT: DATE: 17/02/2012 POSTCODE: KEYWORDS:

  • Library filer dated 29/12/2004 of a shopper buying food. Credit cards now rival traditional methods of paying for everyday purchases such as groceries and petrol, research showed Wednesday May 4, 2005. Everyday items now make up 44% of all credit card spending, according to Morgan Stanley. The group said much of the increased spending on credit cards over the past few years is down to changing patterns of card usage. See PA Story MONEY Credit. PRESS ASSOCIATION Photo. Photo credit should read: PA

How Labour overspent in the good times

  • New Labour in summary. No single graph could tell the entire story of the New Labour years, but the one above is probably the closest there is. It has the years of fiscal restraint, when Labour followed Conservative plans and only increased spending by between one and four per cent a year. Then it has the years when Gordon Brown went wild, pushing spending beyond the Government’s income by many tens of billions of pounds. And then there’s the crash, when tax revenues plummeted and spending continued up, up and up.
  • The argument for all that spending… How would Brown defend himself against allegations of rampant spendthriftery?He’d probably say that the middle periodwas Labour “investing” in public services that had been “underfunded” by the Tories; whilst the crash was simply the crash, and was always going to result in lower tax revenues and higher spending on social security. There’s a degree of truth in both of these claims. Labour increased spending on, say, transport by about 4.1 per cent a year, against the Conservatives’ 0.4 per cent. And then, as soon as the economy blew up, social security spending rose faster, by about 5.3 per cent a year.
  • and the argument against. But, as Brown always failed to admit, not all spending is useful spending. As the Institute for Fiscal Studies once put it, “if [Labour] had managed to maintain the ‘bang for each buck’ at the level it inherited in 1997, it would have been able to deliver the quantity and quality of public services it delivered in 2007 for £42.5 billion less.” Instead, thanks to spending so much beyond taxation, Labour actually delivered a deficit of almost £42.5 billion in 2007. In the years up to that point, they had already borrowed about £80 billion more than they originally expected. They were spending on credit as though there really was no more boom and bust. But the bust came nonetheless.
  • What Miliband thinks. Ed Miliband spoke about Labour’s spending during an interview with Andrew Marr in January 2011. “Well, if you look at actually what happened,” averred the Labour leader, “we slowed the growth of public spending in about 2005 or 2006 precisely because the tax receipts werent coming in sufficiently.” It’s a remarkable claim, in a way, because it seems to suggest that Labour had been overspending. But it’s also an inadequate defence of the policy. Slowing the growth of public spending to 3.5 per cent in 2005-06 (and then 2.1 per cent in 2006-07) wasn’t nearly enough to protect the public finances from the horrors to come. We still entered the crash with a debt pile that topped half-a-trillion.
  • The fear. One of the most important fiscal lessons of the past decade is that deficits are unwieldy things. Once they’ve been built up, it takes more than just a couple of years of “slowed public spending growth” to knock them down, and they can rise again with events that are beyond Westminster’s control. This is why I’d prefer politicians to keep a steely focus on the departmental spending that is within their influence. Question is: would a Labour governments focus ever be steely enough?

Economy Ed Miliband MP Gordon Brown MP Institute for Fiscal Studies Labour Tax and Spending the great recession

LOWE: Film tax credit is for all of Nova Scotia

You dont need to like the film industry to understand the problem with cuts to the film tax credit. You just need to like money.

The film industry is worth $123 million, the Finance Department says. The province shells out $26 million for the credit and gets back $6 million in direct taxes. Thats $20 million out for $123 million back. And thats not including one red cent of spinoff cash.

The province didnt couldnt, wouldnt take into account the bigger financial picture. It did no economic impact assessment and failed to ask the industry what precisely it was cutting before it hacked.

Without doing consultation, it misjudged the response and miscalculated the impact, which will be to kill the industry outright.

If you want a picture of how deeply the Liberals misunderstand the film biz, consider MLA Keith Colwells assistant Mark MacPhails comments on social media that protesters at the legislature rally were smoking pot. What an absolute farce. Film is a business of professionalism, precision and big bucks. Police dubbed the rally the tightest-run theyd ever seen. MacPhail, look: they arent actually trailer park boys; they just play them on TV.

You dont need to understand how the film industry is funded to get that the cuts are wrong, either. You just need to understand that a global industry worth more than $500 billion thinks our little rocky outcrop is an easy and profitable place to do business, all because of the film tax credit. You just need to understand that without the credit, that money will evaporate like a pyrotechnic flash.

The provinces line on this mess is that its in the business of balancing the budget. Ergo, cut. To make this argument requires a sustained act of wilful ignorance of the effect of the industry on every pocket of the province and its economy.

I have to balance money, too. Its hard. And harder, now that my husbands film job is at risk. So I have spent time since the provincial budget dropped trying to slot myself into Finance Minister Diana Whalens heels, straining the cogs of my average-size brain to understand the challenge of steadying the cash in a shrinking, aging province.

No matter how I spin it, I cant see how the film cuts make sense. The return on investment is clear. But theres more, too.

The industry gets that government support is essential, but the Liberal government seems (newly) unwilling to allow that the industry is a vital component of Nova Scotias ability to stay afloat. This is an Ivany test case. If the Liberals cant get it right, I fear we are well and truly doomed.

You dont have to like art to like the film tax credit. You dont have to care about culture. You dont have to give a flying fig about our stories being told and our province being known as a place that, despite its remoteness, has created a highly qualified, sought-after workforce. You only need to be fond of your neighbours having jobs. All you need to like is rural economies being injected with millions in global investment.

You dont need to be an economist to see the mess were in if the Liberals kill film. And, you know what? Maybe you dont even need to like money to understand the problem with the cuts to the film tax credit. Maybe all you need to love is Nova Scotia.

5 Talking Points to Educate your Children about Credit

As part of Financial Literacy Month, Equifax and Junior Achievement of Georgia encourage you to talk to your children about credit and financial literacy. To help facilitate those conversations, below are five talking points about credit.

1. The credit score is a numerical rating used by lenders to make decisions about granting credit to you.

2. A low credit score can impact your pocketbook. For example, a utility company may require a deposit for lower credit scores before providing service.

3. In addition to whether you pay bills on time, the other factors affecting credit score are: how much you owe on credit cards and other loans, what type of credit you are using, whether you have new credit accounts, and how long you have been using credit.

4. A poor credit score is defined as anything below 560.

5. An excellent credit score is anything over 760.

Middle school is an ideal time to start conversations about credit. JA Finance Park, an interactive marketplace where students in 7th-8th grades can make personal finance decisions in simulated real-world situations, opened nearly two years ago and is supported by several large Atlanta companies. By the end of the 2014-2015 school year, more than 30,000 students will have participated.

Junior Achievement of Georgia purposefully structured its learning programs to begin in middle school as research shows this is when students begin to disengage in school due to their inability to understand the relevance of their education.

Our goal through JA Finance Park is to bring relevance back to education through a blended learning model where students not only learn about financial responsibility, but actually experience it, said Jack Harris, president and CEO of Junior Achievement of Georgia. Equifax, and many other of Atlantas corporate leaders, have become deeply involved in JA Finance Park integrating their brand, values, and funds to ensure students understand that the lessons they are learning today are real-world concepts and decisions they will need to make in the not-too-distant future.

Trey Loughran, Equifax Chief Marketing Officer, stressed the importance of understanding credit and said he has gotten positive feedback from both students and parents about the credit education component of JA Finance Park.

At Equifax, we empower consumers to be their financial best, and that starts with education, he said. We are proud to be a part of JA Finance Park and to share information today with parents as part of Financial Literacy Month. We hope to help facilitate education at home, as well as at Finance Park.

About Equifax
Equifax Personal Solutions empowers consumers with the confidence and control to be their financial best. Find out more about Equifaxs innovative suite of credit monitoring and identity protection products at www.equifax.com. Learn about identity theft and how to help protect yourself and your family at IdentityProtection.com. Get smart information on everything from credit to retirement, all in one place at the Equifax Finance Blog, blog.equifax.com.

Equifax is a global leader in consumer, commercial and workforce information solutions that provides businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The companys significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enables it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard amp; Poors (Samp;P) 500(R) Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2014, Equifax was nominated as a Bloomberg BusinessWeek Top 50 company; its CIO was listed as one of the top 100 by CIO magazine; and the company was named to the Fintech 100 list, was recognized as a top 20 company to work for by the Atlanta Journal-Constitution, and was named a 2014 InformationWeek Elite 100 Winner. For more information, please visit www.equifax.com.

About Junior Achievement of Georgia
Junior Achievement (JA) of Georgia is dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make educated academic and economic choices. JA programs are delivered by corporate and community volunteers, and provides relevant, hands-on experiences to students from kindergarten through high school. JA of Georgia offers multiple programs, including in-class programs, JA BizTown, JA Finance Park and JA Fellows, all of which focus on entrepreneurship, personal financial literacy and workforce readiness. During the 2013/2014 school year, JA of Georgia served 164,000 students statewide through five district offices located in Atlanta, Columbus, Dalton, Gainesville and Savannah. For more information, visit www.georgia.ja.org.

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SOURCE Equifax Inc.

Buying a Certified Pre-Owned Car with Bad Credit

Buying a used car always entails at least a little risk, but that risk is reduced significantly if you choose to purchase a certified used car. While you will pay at least a little more for these vehicles, they come with warranties and a guarantee from either the manufacturer or the dealer that they have been thoroughly evaluated by a mechanic, and have been declared problem free.

Why a Certified Used Vehicle is Good for Bad Credit

If youre buying a car with damaged credit, you will want to be strategic about selecting a vehicle. While you dont want to do anything that might compromise your financial situation further, it is advisable that you invest in reliable transportation that will last for several years.

  • Less Depreciation: It is possible to get financed for a new car with bad credit, but because new vehicles depreciate so quickly, you might find that you are upside-down in your loan after only a few months. This means that you would owe substantially more on the car than it is actually worth. And if something were to happen that rendered you incapable of making your payments, it would be difficult for you to sell the vehicle and get out of the loan.

    A certified pre-owned vehicle, on the other hand, will have already taken the big depreciation hit when you assume ownership, so you will have much less to worry about.

  • The Risk Factor: As a bad credit car buyer, you will want the vehicle that you finance to stay in good shape for the life of your loan. So, even though a regular used car will cost less initially, the protection that you receive with a certified used vehicle purchase may make it worth paying a little extra up front. If youre already struggling to pay off old debt and rebuild your credit, the last thing that you are going to want is the likelihood of a slew of expensive auto repair bills.

    With its warranty and guarantee, you will be getting almost as much peace of mind with a certified pre-owned car as you would with a brand new model.

Sealing the Deal with Your Challenged Credit

Getting a loan to purchase a certified used vehicle with damaged credit isnt impossible, but the process will be much easier if you work with the right lender and dealer. While some dealerships who are not accustomed to working with subprime credit may either 1) Choose not to work with you at all, or 2) Only sell you a car that they are trying to get rid of, other dealers are much more willing to work with your situation. These dealerships have connections to lenders that are qualified to offer bad credit auto loans, and they are more likely to sell you a better vehicle.

Finding the Right Dealer

By contacting Auto Credit Express, you can get matched with a dealer that can help right away, without having to make a dozen phone calls or drive all over town. No matter what your credit looks like, we can find a financing solution that works for you.

Get approved today when you fill out our fast and secure online application.