Tag Archives: good credit loans

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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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!

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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Lower Your Graduate Debt by Picking the Right School

Before looking at student loans and comparing interest rates, there is an easy step that people often miss in preventing high debt post-graduation: picking the right school.

Last week, U.S. News released their rankings of schools whose students had the most and least post-graduation debt. These rankings were determined by the percentage of students who took out loans and the average total indebtedness per student graduating in 2010. Schools that performed better typically had more opportunities for student employment, scholarships, and grants.

Topping the list of schools with the least debt was Alice Lloyd College in Kentucky where 32 percent of students took out loans and owed an average of $3,108 post-graduation. Following closely is Princeton University with 24 percent of students taking out loans with an average of $4,385 debt after graduation. The highest rate of borrowing on this list was East-West University of Illinois in ninth place with 80 percent of students taking out loans and graduating with an average of $7,000 in debt.

Now, prospective students are getting bombarded with glossy flyers and sucked in with new fitness facilities, bigger fine arts centers, or a better cafeteria. Post-graduation debt is a problem that seems far away when taking college tours, but it is something that cannot be overlooked. A degree no longer guarantees work. Jobs for graduates are harder to find, and if the economy does not improve in the next few years, future graduates might be stuck out of work with a mountain of debt.

You can view the full list of the Top Ten Schools with Least 2010 Graduate Debt here, and if you are looking for a student loan, learn more and apply for a loan here. You can also follow Approved Loan Store on Facebook here.

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Avoiding Student Loans: Good Financial Sense or Common Financial Pitfall?

In tough economic times, people are less willing to take on debt, even if it means a long-term gain. Case in point, student loans. The Associated Press published a story recently about a movement amongst students starting college to avoid taking out student loans. They will live at home, borrow their textbooks from the library, and take on several jobs to pay off their tuition right away.

At first glance, it sort of makes sense. Many recent graduates are having trouble finding jobs paying well enough to pay off their student loans. If a student wants to put in the time and work to pay off their tuition now and avoid debt later, then why shouldn’t they do it? Isn’t it the most responsible path available?

Well, it is actually not as simple as that. First off, Deborah Santiago of Excelencia in Education says that students who take out loans are more likely to complete their degree and argues that, “If you can go to a more selective institution that gives you more resources and support, you’re more likely to compete.” Depending on the student, it is usually a better idea to take out a loan and go to a first-rate school than get a second or third-rate education without taking out a loan.

Besides that, if a student wants to set themselves up for a strong financial future, they will want to establish a good credit history. With a student loan, they can spend more time studying and getting better grades, and they won’t have to take on as much extra outside work hours. Instead, they can focus on making their loan payments on time which will make them desirable to lenders if they want to get a car or house in the future. A lot of employers also look at job applicants’ credit reports, and they might look on them more favorably after seeing that positive payment history.

If you are exploring your options in student loans, click on Student Loans under the Approved Loans tab above, and keep an eye on our blog and Facebook page for the latest developments in student, car, home, and personal loans (and more!).

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TransUnion Study Means Good News for Car Buyers

TransUnion has a simple message for consumers on the fence about buying a car: Buy now!

According to a new study released by TransUnion, one of the “Big 3” credit bureaus, all signs are pointing to a good time to get an auto loan. Only about a half of a percent of consumers are 60 days or more past due with their auto loan payments, and at the same time, there have been 28 percent more auto loans signed during the second quarter of 2011 than the second quarter of 2009. Furthermore, the Detroit Free Press predicted this week that banks and lenders would be competing more fiercely in the new year and making sweeter offers to entice consumers who might not even be considering buying a car.

For car buyers, using Approved Loan Store makes sense now more than ever. With lenders making increasingly better deals, it only makes sense to let Approved Loan Store help you find the best deals out there. Approved Loan Store keeps it easy. To apply for a car loan, click on the Approved Car Loan tab above, fill out the application form, and you will be contacted by a representative in 24 to 48 hours.

To learn more about what Approved Loan Store can do for you, read more about us here and follow us on Facebook.

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4 Percent Rates Spur Rise in Home Purchases

Hoping to jump-start home sales, lenders have been slashing their loan interest rates to under 4 percent for many consumers.

According to facts released Thursday by Freddie Mac, 30-year fixed-rate mortgages (FRM) were averaging 3.99 percent. 15-year FRM were at an average of 3.27 percent, and adjustable rate mortgages (ARM) were staying low as well with a 5-year Treasury-indexed ARM of 2.93 percent and 1-year Treasury-indexed ARM of 2.8 percent. Lenders are hoping that these low interest rates will make people rethink home ownership, and so far, it has paid off. Home loan applications spike to a four-month high after Thanksgiving.

This is great news for people thinking about buying a home. These lower interest rates combined with the recent drop in unemployment mean that being a homeowner is attainable for more Americans, and people are taking advantage of the opportunity. 2011 was a tough year for the American people, and it is heartening that so many are giving new meaning to the phrase “home for the holidays.”

If you are looking for a new home, click on the Approved Home Loan tab above to qualify for the best available interests rates, and try out our Home Affordability Calculator here. You can also like Approved Loan Store on Facebook and follow industry trends on our blog.

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