Tag Archives: bad credit loans

Approved Loan Store Helps Customers Avoid “Sin” of Car Buying

NBC news affiliate WPTZ recently published a story about the 7 “sins” or pitfalls that consumers make while shopping for a car. The usual pitfalls were included like not doing research before going to the dealership and picking a new car that isn’t as nice over a used model of a better car.

The third “sin” of car buying, though, was one that Approved Loan Store understands very well. Not knowing your financial status (including your credit score) before going into a dealership is one of the biggest mistakes a consumer can make when shopping for a car. If your credit score is below par, you could wind up getting rejected several times and getting unnecessary inquiries put on your credit report. The article recommends applying online through a service like Approved Loan Store so you can get more information about your available options. They also noted that these services expedite the process and lead to a better and more informed decision.

No matter what your credit situation, Approved Loan Store wants to help you get into a new or used car today! Fill out our auto loan application here, and keep up to date on the latest auto news by liking us on Facebook or following us on Twitter. Also, check out our YouTube channel and watch video testimonials by real Approved Loan Store customers!

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High Auto Sales Predicted for March

Will March be the best month yet this year for American automakers? U.S. auto sales have continued to surprise even the most optimistic analysts, and now, it is expected that March sales will make the beginning of 2012 the best quarter in four years.

The Fiscal Times attributes the soaring auto sales to two factors. First, the economy is improving. It might not always seem like it, but the economy is improving slowly but surely. Second, car buyers are having an easier time finding financing. Part of that is due to services like Approved Loan Store which help people with poor credit and good credit alike get into a car.

Car ownership is an important part of economic recovery. Rising car sales are not only a sign that people have money to spend, it also shows that people are taking steps to avoid future problems. Car ownership has a strong correlation with less dependance on public assistance because employees are not dependent on public transportation and are not limited to employment options close to bus lines or subways. The fact that people are choosing car ownership is very encouraging to both U.S. automakers and Americans hoping for economic recovery.

Will you be shopping for a new or used vehicle in March? Make your search easier by applying through Approved Loan Store here, and make sure to like Approved Loan Store on Facebook and following Approved Loan Store on Twitter to keep up with the latest auto news and trends.

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Getting an Auto Loan After Bankruptcy

Turn on the news and it seems that even with talk of recovery, there’s still plenty of businesses and people being forced to declare bankruptcy. It’s something that’s been consistent with the economy in its current state. According to the American Bankruptcy Institute, the total number of bankruptcy filings in the US had an increase in February. The growth was 19 percent versus the filings in January. The total filings in January was 87,981 while February was 104,418.

Samuel J Gerdano is the executive director of the ABI says about the increase, “The stagnant housing sector and high unemployment continue to stress the cash flow of consumers and business. As consumers and businesses work to shed tremendous debt loads, there are times when bankruptcy is the only shelter to provide financial relief.”

Bankruptcy is a terrible thing to encounter. It has a long consequences not just on the finances of an individual, but also leaves a mental scar. As frightening as it can be, however, Approved Loan Store wants to make sure that people know that bankruptcy isn’t the end. We here at ALS look to work with people struggling from bad credit and want to help them drive away in the car they want and need. We can assist you get that car even after a bankruptcy. Go online and sign up to see how we can help you. Make sure to like us on Facebook to stay up to date on all the latest news and offerings we have.

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Bad Credit? Get Approved!

At Approved Loan Store, we like bad credit, and we love making it easy for you to get a new or used car today! We have interest rates as low as 6% and every kind of make and model. Stop wasting time shopping around, and let us find the best deal for you! Click above to apply today!

Survey: Car Ownership Leads to Less Public Assistance, Welfare

A recent survey of low-income Americans showed that car ownership can be the difference between a continued struggle or getting off of public assistance altogether.

The survey was conducted from 2007 to 2010 and included 445 loan recipients who were on public assistance. Of those recipients, a shocking 82 percent got off of welfare, accounting for $18.2 million in savings. Even more shocking, the program cost less than half of what was saved in public assistance money.

For millions of Americans, a car is essential to work. Public transit is not always available, or if it is available, it has been scaled back with bus or train lines closing or running on a limited schedule. When a family goes through a financial crisis and does not have access to a car, getting back to a normal life is an uphill battle. This study shows that if more people with no credit or damaged credit can get into a car, everyone benefits. The car buyers can rebuild their credit and open themselves up to more job opportunities, and less people will need to rely on public assistance.

Approved Loan Store is here to help. Good credit or bad credit, we want to help you get into a new or used vehicle. Fill out our auto loan application here, and like us on Facebook and follow us on Twitter to keep up to date on the latest auto loan news.

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Men or Women: Who are the Better Car Shoppers?

Cars and cars culture have long been considered a man’s world. Whether or not that is a sexist viewpoint is up for debate, but the stereotype of a car nut is a rough-and-tumble man. A recent study, however, is shaking up the notion of gender and car knowledge.

According to the study, more than two-thirds of women paid to get a third-party inspection on an out-of-state lease transfer compared to only 54.5 percent of men. Women buyers were also more likely to ask the right questions about the car including safety performance, the ownership and incident history, and how the car will function under specific conditions. Their male counterparts were much more interested in the aesthetics of the car, its engine performance, the vehicle’s technology, and its driving performance as a whole.

What is really interesting about the study, though, is the implications for future women car shoppers. When the study was broken down based on age, there were significantly more women ages 21 to 30 getting a third-party inspection than men. 42.3 percent of men, less than half, got a third-party inspection while 78.2 percent of women opted to get the inspection. This means that young women are being smarter, being more careful, and overall being more practical than men their own age.

No matter what your age, gender, or credit, Approved Loan Store wants to help you get into a great new or used vehicle. Fill out our car loan application here, and like us on Facebook to see testimonials by real Approved Loan Store customers. Also, make sure to follow us on Twitter to get the latest news and updates from Approved Loan Store.

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Volvo’s Pedestrian Airbags Stun Geneva Motor Show

Car safety technology has advanced dramatically in recent years with every kind of protection put into place for the driver. In a bold new move, however, Volvo is looking beyond just the safety of the driver and passengers and creating new safety features for pedestrians.

The Volvo V40’s pedestrian airbag was unveiled this week at the Geneva Motor Show. A video of the airbag in action has gone viral, and people already want to know when pedestrian airbags will be coming to the United States. In the video demonstration, the Volvo V40 collides with a crash dummy which falls onto the hood of the car. When the airbags deploy, the hood tilts back and slows the crash dummy’s speed towards the windshield, and the U-shaped airbag cushions the crash dummy and prevents them from flying through the windshield without completely blocking the driver’s view.

Sadly, it seems that Europeans will be getting Volvo’s pedestrian airbags long before we do, though I’m sure that American-made automakers are already working on their own versions. Still, the Volvo V40 demonstration is a fun look into the future of cars, and hopefully it will inspire more inventors to dream and come up with the next big thing in car technology.

Looking for a new or used car? Approved Loan Store can help! Fill out our car loan application here, and like us on Facebook and follow us on Twitter to keep up to date on the latest auto news.

NHTSA Deciding on Rear-View Cameras by the End of Year

Rear-view cameras, a relatively new safety feature, might become standard in vehicles before the end of the year pending a decision by the National Highway Traffic Safety Administration (NHTSA).

These cameras were first introduced in luxury vehicles, but they have started popping up in mid-level cars more often in the past year. The NHTSA is considering making them mandatory in order to decrease vehicle backover accidents and deaths. According to the NHTSA, backover accidents on average cause 183 fatalities and up to 7,419 injuries every year.

The NHTSA were expected to make a decision last month, but they delayed a decision until the end of the year in order to fully explore the issue. In an official statement, they reiterated their commitment to safety and said that they would be surveying thousands of drivers who currently have rear-view cameras to discover the benefits and any potential problems with the technology.

Critics of the rear-view cameras say that the cameras are expensive and problematic. Reflection on the video screens at certain times of the day can impair the driver’s ability to see, and responsible drivers will still want to use the rear-view mirrors in addition to the camera. Still, I am holding out to see what the NHTSA discovers in the next year. Rear-view cameras cannot stop someone from being a bad driver, but maybe it can help stop a capable driver from making a deadly mistake.

No matter what you are looking for in safety features, Approved Loan Store can help you get into a dealership and get a car payment plan that is right for you. Fill out our car application here, and like us on Facebook and follow us on Twitter to stay up to date on the latest auto news!

Auto Loan Delinquency Drop Means Good News for Customers and Auto Industry

February was a great month for the American auto industry. Sales were up and surpassed most analysts’ expectations, and in another bit of good news, more people are making their car payments on time.

Near the end of last year, auto loan delinquencies dropped to 0.46 percent. During the same time in 2010, delinquencies were .59 percent. This might seem like a tiny percentage, but it is actually fairly unusual to see such a low delinquency rate near the end of the year. Transunion’s automotive vice president Peter Turek explained, “Normally there is a seasonal upswing in auto delinquency rates…auto delinquency rates have shown upward movements between third and fourth quarters averaging in excess of 5 percent. Ending the year flat is particularly interesting because the number of new auto loans coming onto the books has consistently increased since the end of the recession, a primary driver of which has been an expansion in lending to consumers in the subprime market.”

What does this all mean? Well, more people are getting car loans. More car loans at that point in the year should mean more delinquencies, but one of the reasons why so many people are getting auto loans is to rebuild their credit. People are still in recovery mode, particularly with their credit health, and auto loans are a good option for re-establishing credit. If they don’t make their payments on time, then their credit won’t get any better. All around, this is a win-win for the auto industry and customers. For the auto industry, sales are up and delinquencies are down, and for customers, their credit will continue improving.

Good credit, bad credit, or no credit, Approved Loan Store wants to help you get an auto loan. Fill out our auto loan application here, and like us on Facebook to keep up with the latest auto loan trends. You can also see video testimonials from real Approved Loan Store customers on YouTube.

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Top Family Cars of 2012 Revealed by Kelley Blue Book

Any family who heads into the dealership is always wanting to make sure they walk away with the best deal. To that end, Kelley Blue Book has released their top picks for family cars in 2012.

Their number 1 pick is the Volkswagen Passat. The sedan has five seats, and according to Kelley Blue Book, is the “automotive equivalent of the extra value meal at your local fast food joint.” They also make note that the aspiring family who is wanting the Passat will find the newer model is not only larger but also less expensive than last year’s model.

Second place is the Honda Odyssey minivan. The vehicle provides a large family with plenty of size and a fantastic set of safety features. The powerful V6 engine is noted along with the stylish interior and handling as to the reason that it placed so high on the list. Rounding out the rest of the five picks on the list is the Ford Flex, Subaru Outback, and the Honda CR-V.

Approved Loan Store is wanting to make sure that you leave in the car you need. They want to help get the growing family the car they need at the most affordable prices and best interest rates. Call today at 877-217-2217 or go online to apply today. Be sure to also follow on Facebook so that you can see all the latest news and offerings.