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Only Best Credit Customers Get New Car Loans (Indiana's NewsCenter)
FORT WAYNE, Indiana (Indiana's NewsCenter)--American automakers are caught up in a perfect storm of bad circumstances. The weak economy has consumer confidence in tatters, but even those who want to buy a new American car often can’t.
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Bad economy, credit crunch leave auto dealers struggling (The Daily Record)
Simply put, October 2008 is a month auto dealers and manufacturers would rather forget. Nationwide, sales plummeted nearly 25 percent compared to a year earlier. Detroit’s “Big Three” of Ford, General Motors and Chrysler LLC reported a combined loss of $3.29 billion for their most recent quarters.
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She got the car, he got the bad credit score (Los Angeles Times)
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Why car companies need government help (Chatham Daily News)
Sir:The global credit crisis has now placed the auto economy front and centre in economic discussions in the United States, Canada and indeed worldwide. There [...]
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How a car repossession goes down (CNN)
Motorist one, let's call him Jim, just bought a used car from his neighborhood auto dealer. Meanwhile, motorist two, let's call her Jane, just lost her new car to repossession.
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How to protect your cash when making a family loan (AP via Yahoo! Finance)
Digesting your turkey and sweet potatoes may be tougher this Thanksgiving, when that uncle you rarely hear from pulls you aside to ask for a loan.
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Why Credit Life Insurance Is a Bad Buy (ABC News)
Salespeople sometimes sneak credit life insurance in for a big purchase.
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De-Leverage Your Wallet (The Motley Fool via Yahoo! News)
There are plenty of lessons to be gleaned from our current economic turmoil. One of the most important ones is so simple that evidently all the Wall Street suits thought it beneath them. The silly little rule they ignored? Leverage is bad. In other words, borrowing money to buy stuff you can't afford doesn't always work out so well.
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St. Louis moves to limit payday loan stores (St. Louis Post-Dispatch)
ST. LOUIS — While the nation's money meltdown has made it difficult for even dependable borrowers to get credit, fast cash continues to be just a short walk away in some neighborhoods.
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Payday Mayday (Las Vegas CityLife)
Jay Campbell thought he knew exactly what he was doing when he went to Lucky Cash 4 U on Oct. 20, 2007 and asked for a $500 loan. He'd borrowed $200 from the same lender six months earlier -- enough to take care of some unexpected expenses.
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