Many people looking for auto loans try to find a fast track method of getting approved. Companies offering auto loans know that the fair majority of people who are in the market for auto loans are looking for something fast and simple. So in order to cash in on this so called ‘fast and simple’ crowd they offer special packages which are guaranteed to get you in your new car in record time but they may end up costing you a fortune.
Apart from keeping your eye on the interest rate being offered you also need to pay close attention to all the technical jargon being thrown at you. The vast majority of good companies offering auto loans make it a point to explain technical stuff and make it as easy to understand as possible for the general public.
Whenever you are in the market for auto loans never assume what a particular term or terms mean. Make sure that you either ask the company to clarify and tell you what it means or search for more information online. There a number of online glossaries that explain the various terms used by companies offering auto loans which can be a big help. How
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Jeehan Fernandez – AHN News Writer
Bradenton, Florida, United States (AHN) – Horizon Bank based in Bradenton was shut down Friday by the Florida Office of Financial Regulation and received by the Federal Deposit Insurance Corporation (FDIC) to protect depositors.
The closure listed Horizon Bank as the 119th FDIC-insured institution to fail nationwide this year and the 23rd in Florida. The last closure in the state was that of Community National Bank at Bartow, Bartow Aug. 20.
The Bank of the Ozarks based in Little Rock, Arkansas has assumed all deposits of Horizon Bank following a purchase and assumption agreement with FDIC.
The four branches of Horizon Bank will reopen Monday as branches of Bank of the Ozarks with depositors of the former automatically transferred to the latter.
“Deposits will continue to be insured by FDIC, so there’s no need for customers to change their banking relationship to retain their deposit insurance coverage,” FDIC said in a statement.
Customers of Horizon Bank should continue to use their existing branch until they receive notice from Bank of the Ozarks on completion of systems changes to allow its other branches to process their accounts as well.
Over the weekend, depositors of Horizon Bank can access their money by writing checks or using ATM or debit cards. Checks dr
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There are just some times when you find a few errors in your credit report, and these kinds of mistakes could often cost you a loan you want to get or a job you want to have. If you find these kinds of faults in your financial document, then you need to fix them as soon as possible because doing so is a long and tedious process.
A credit report is more than just a financial document. Whatever is listed in it (a complete list of your payment history, balances and accounts) would be used to determine whether or not you would be credit worthy enough to get a loan, rent some living space, or even earn a job. That is why it is important to sort out the errors before they cause any more harm and damage to your financial situation.
A White House blog written by Treasury Assistant Secretary Michael Barr had confirmed that over an estimated 150, 000 credit users have made complaints that they have found false information in their credit reports.
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Anthony Jones – AHN Entertainment Reporter
New York, NY, United States (AHN) – Times are very different than when “The Apprentice” first aired in 2004. Nearly everyone was hit hard by the economy. Even host Donald Trump, who experienced sluggish sales for his Trump Tower in Chicago and failed to pay a $40 million loan, and whose Trump Entertainment Resorts filed for Chapter 11 bankruptcy last year.
Cut to 2010 and “The Apprentice” is suddenly a very different show. All of the contestants have been adversely affected by the economy. Among them, recent college graduates having zero luck in the job market, 40-year-old former breadwinners who recently lost their jobs, and even a truck driver with a Masters in Engineering.
“We have people who went to the best schools and who don’t have a job and people who once had really good jobs,” Trump told AHN. “In one case, someone who has five kids and now has zero income coming in. It’s both sad and educational. Some were really high
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Top Credit Questions: How Will This Affect My Credit Score?
Check out the conversations buzzing around what is likely THE MOST asked question around the Credit Advice Center…. “How will this affect my credit score?”
Stop by the Credit Advice Center to ask your own curious financial question, or browse the topics and see what the rest of the Credit Karma community has to say!
Would it change my credit score if I changed my auto loan? Asked by marekins18
Most likely, yes. Applying for an auto loan will result in a hard inquiry, which can knock points off your credit score anywhere from a few points (if you apply for one loan) to more significant damage (if you apply for multiple loans). But, adding a new loan could help your credit score as well. Check out Credit Karma’s Credit Simulator, where you can take your real credit score and simulate how adding a new auto loan could change your credit score to a specific predicted score.
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Multiple Applications Used To Cheat Credit Reporting System
A Wired post reported on so-called “credit hacks” that clever consumers were using to legally game the system and manipulate credit reports. These tricks take advantage of the rules and formalized process of the credit reporting system to let hackers manipulate their credit. One such hack dealt with using multiple applications to gain a ton of credit.
One hacker shared that he would generate a massive amount of quick credit by timing simultaneous loan applications from different lenders. Hackers can use this loophole to get dozens of credit cards, have multiple mortgages for a single property, take advantage of special offers to horde cash incentives, or get a large cash loan with zero interest.
This loophole exists, allowing you to apply for several applications and generate multiple hard inquiries within a short span of time. It
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