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Squeeze hits car loans; Local dealers say funds available for good credit (The Pantagraph)
The era of easy auto loans is skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car loans and leases are drying up as dealers, auto-finance companies and other lenders are having trouble finding money to lend to car buyers.
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Program helps get drivers good car loans, rebuild bad credit (The Nashua Telegraph)
Every other month Trina Robinson was pouring money into repairs for her 10-year-old Chevy Lumina: $200 here, $300 there for failing ball joints, wheel bearings, struts. The costs -- $3,000 in one year alone -- were eating into her paycheck and running up the credit card bills. ... - By KATHY McCORMACK The Associated Press
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Students Feel the Credit Crisis (WCTV Tallahassee)
The nation is facing a credit crisis. Now, the crunch has trickled down to college students seeking loans.
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Credit crisis hitting auto dealerships hard (The Muskegon Chronicle)
By Chad D. Lerch and Brian McVicar | In the face of bank bailouts, lending rules are changing. Gone are the days -- possibly for good -- that customers with poor credit can get loans. Likewise, zero down-payment loans will be harder to find. Car dealers in Muskegon and Ottawa counties say the changes don't necessarily mean doom-and-gloom for their industry. But most dealerships are reporting ...
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Drowning in a sea of loans (Zawya)
13 October 2008 Everywhere you turn there are advertisements from banks and financial institutions staring you down with offers for loans, credit cards, money-back schemes and investment plans.
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Despite global rate cuts and cash injections, banks keep hoarding cash, a bad sign for credit (Minneapolis-St. Paul Star Tribune)
NEW YORK - Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain close to paralysis.
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ARM Holders Would Do Well to Shop Around Now (Washington Post)
The global financial crisis has affected virtually every aspect of personal finance, from mortgages to student loans to credit cards to retirement savings. So it's no surprise that so many of our readers have so many questions.
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Dealers say car loans still available (Charleston Daily Mail)
CHARLESTON, W.Va. -- Despite the economic downward spiral and credit fears, local car dealers say consumers can still obtain financing for a new vehicle. It might be a little tougher for some people, but the same basic rules still apply. As long as you hav...
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Have Good Credit? Still Difficult To Get Loan (WSB-TV 2 Atlanta)
There's a mortgage crisis of a different sort in metro Atlanta for those who have good credit and money in the bank -- loan applicants who used to qualify easily are now sweating it out.
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Icelanders Sink Under Foreign-Currency Loans as Krona Plunges (Bloomberg)
Oct. 14 (Bloomberg) -- Karl Karlsson, a Reykjavik taxi driver, has canceled his winter vacation. The money he saved is being eaten up by his car loan payment, which has jumped more than 20 percent since June.
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