Home Equity Video and Bad Credit Article

This is a good piece on bad credit, and then followed by a super video on how people get rich starting off with no money.

The fella tells us how home equity is how people start growing their wealth, and some great bits on the billionaires of the world started out. 

When you have bad credit, getting a loan at a reasonable interest rate can be difficult. I spend my time researching and posting information for Americans seeking fair interest rates.

Bad debt is a great reason for getting a home equity loan, but there are many other reasons people with bad credit need financing. I briefly touch on these issues here. One of the most common misconceptions I see, when helping people with bad credit, is they tend to think they don't have a fair shake from lenders.

That is true in some cases, but generally, lenders and banks only lend money to consumers that can truly afford to make their payments, AND afford to maintain their existing lifestyle. If your credit is badly damaged and you need a loan for a car, house, education or consolidation, you understand the frustration of facing unfair interest rates. Many financing companies treat people with bad credit poorly.

They crank up their interest rate and then act like they are doing you a favor just because of your bad credit rating. The banks use the Fair Isaac database/system to classify your rating and approve your high interest loan all in one breath.

If you don't like the way you are being treated by your local banks you can use the Internet. Since you are reading this that means you likely have a bad credit rating and you are considering the benefits of an online loan.

Lending money to people with bad credit is not as risky as most banks want you to believe. The statistics show that the majority of people with bad credit are secure credit risks. Why.....because they don't want anymore hassles and they are usually dedicated to fixing their credit rating. A defaulted payment sure won't help them on their way back to a good credit rating.

So when you are in a position to negotiate your interest rates you need to be aggressive. Don't assume that because you have bad credit you deserve whatever interest rate they offer. This is what I kept in mind when I built this financing resource.

There are thousands of choices when getting your loan so you want to be very selective. I'm confident that I have narrowed down the list for you already. See the recommended lenders at the bottom of this page. Note their interest rates and read their web site content.

You will soon realize which one is the best financing option for you. You may have seen some of these online loan providers before but take a moment to check out the loans for consumers with bad credit. I'm sure you have not seen some of these companies.

One in particular is very popular with the visitors to this site. They are called Creditaxis and they have over 80 bad credit financing companies to choose from. Their track record is excellent when it comes to delivering on their promises. Essentially they are a financial broker.

Another excellent option is getting a debt consolidation loan. I feature one of the best debt consolidation merchants on this page. They never share your personal information with third parties and they give fast free quotes.

Their site and form are secure so your information is safe. Most people don't realize that providing sensitive and confidential banking information online is much more secure than using your credit card in bricks and mortar businesses.

Video On Building Equity – Very Good!

The Michigan Preamble for Payday Loans

This is our original Payday loans preamble from 2005. This one spoke of Michigan’s cash advance companies.

Below this piece is a video regarding the devastating affect Payday loans can have on lower income people in America. 

Michigan payday loans are advertised by many sites on the Internet. Some companies actually allow you to submit an application for a pay day loan, others talk about it, some give you some decent information regarding Michigan's lenders and others just try to refer you to other web sites.

This page falls into the category of providing you with some cash advance information that we hope will help all Michiganders navigate the Internet looking for help with their pay day loans.

Loans of this sort in Michigan are almost always very high interest rate loans with APR levels in the 300% to over 1000% range. They are expensive, however if you have no other choice then you will turn to pay day loan service companies.

If you have a good credit rating you can usually negotiate a lower interest rate and get down to the 300% APR range, however if you are a first time borrower in Michigan with no credit rating or a poor one, expect to pay a higher rate of interest and be limited to the actual amount that you can borrow from any of the lenders.

Some lenders will loan around $500 for the first loan and then once you establish a credit rating with the pay day loan lender, they will generally lend you higher amounts.

The only way to establish credit with any of these Michigan benders is to pay your loan back on time as agreed to when you took out the loan. If you miss a payment or are late, expect to pay extra charges and also find difficulty in obtaining a future loan prior to pay day.

These lenders must be very careful who they loan money to and will manage the risk very closely as a result. Loan rates are high and they will limit how much they lend to any one pay day loan customer.

Video About The Safety of Credit Cards 

Higher Interest Rates For Motorcycle Loans

This was first posted at FinancingUsa.com. I think this piece has been posted on a few sites now, but here it is on The Cash Crunch  

Why do motorcycle loans have higher interest rates? A question I have asked myself many times but was too shy to ask. I assumed that everyone knew why motorcycle finance interest rates were higher so I did not want to ask a stupid question. As it turns out there is no such thing as a stupid question. I have to write many articles for affiliate web sites regarding high risk motorcycle financing and low interest motorcycle financing but I never actually looked in to why the interest rates were higher. I should have sooner. All motorcycle owners know this answer right? Wrong.

I asked a few of my motorcycle riding buddies this question and they all said, "Well..they are high risk". That was it. No detailed explanation in to why motorcycle financing was on average 3 percent more than car loans. My wife said that the mental stability of anyone riding a motorcycle must be impaired and the banks can't trust them to get it together and make the payments. (joking of course) The other theory a friend of mine had was that motorcycles are often just toys and given a lower priority by borrowers when it comes time to skip a payment or four.

Once I realized that no-one had any good answers for this I went to the good old powerful Google search engine to reveal all. Guess what.....no luck. Even Fair Isaac did not give me a straight answer. There were thousands of sites offering online motorcycle financing and many had articles about high risk motorcycle financing. These were mostly affiliate web sites using specific keywords to attract visitors but none of them actually explained why motorcycle financing have higher interest rates than cars and trucks.

Eventually I gave up on finding this information online or asking my friends. I picked up the phone and started calling the banks. Believe it or not some people working in banks told me the reason motorcycle financing had higher interest rates was "just because" or even better - "it's always been that way". I assumed that perhaps the janitor cleaning the bank's floor had picked up the phone for the fun of it! Eventually I did get a straight answer. It was from a very nice bank manager with a slightly stuffy english accent. (she wasn't stuffy.....just her voice sounded that way)

She said in very polite tone of voice, "Motorcycle owners are more likely to perish and henceforth default on their loans". Yep...cold and point blank. No wonder no-one talks about it! Very morbid indeed. I said, "You mean that is it? Your statistics show that motorcycle riders crash their bikes - die and leave the bank holding nothing but a smashed up bike?" She said, "Yes sir...that is one way of putting it. Now I know why they call them high risk motorcycle financing. High risk for the bank losing their money and high risk for the owner spreading his internal organs across the pavement. (now look who is morbid)

This kind lady went on to show me the silver lining however. I imagined her raising her chin slightly and dropping her attached eye glasses. She then said, "You will find that your insurance premiums are less with a motorcycle than with your car". I of course asked why.......She said, "Because people in motorcycle accidents tend to die and the insurance company does not have to pay for their medical expenses. So this was very comforting. I can find cheap insurance for my motorcycle because I am more likely to end up being a large piece of road kill and the insurance company does not have to pay to have me fed through a straw for 30 years!

So there you go. If you every find yourself day dreaming about a perfect world and listening to Cat Stevens too much - look no further than the pleasant lady working at the bank. Five minutes with her and you will be back to cold reality.

Motorcycle Related Video…

 

Small Business Loan When You Have Bad Credit

Originally posted at Lazerloan.com, this tidbit includes an article from [Source BcsCredit.com], and a video called “Little Guy”, from Youtube. Small business owners with great ideas, but no cash for startup capital, and not credit.    

Story…

Small Business Loans for Applicants with Bad Credit

Is it possible to get a small business loan for people with bad credit? People with bad credit who are looking for a small business loan are in for a rude awakening. Most (more than 80%) of loan applications are declined. Many lenders look not only at the business’s ability to repay a business loan, they will also look at the individual business owner applying for the loan. This includes scrutiny of the personal credit report to decide if they will approve the loan. If you are looking for a small business loan with bad credit, there are a few steps to take before going out to find your small business loan.

• Separate your business from your bad personal credit by forming a corporation or LLC and applying for an EIN.
  
• Use your EIN to establish a business credit profile completely separate from your bad personal credit.
  
• Build a strong business credit profile while repairing your poor personal credit.
  
• Prepare separate financial statements for your business that does not commingle any of your personal finances.

Small Business Loans for People Bad Personal Credit Ratings

It may turn out that a small business loan for people with bad credit can be substituted by utilizing trade credit. Trade credit can be used for many of the same purposes as the small business loan would be used for such as:

• Purchasing a product or service for the business
  
• Purchasing office supplies
  
• Purchasing equipment

The criteria for getting these types of items on trade credit can be less stringent and may not require any personal credit check or personal guarantee. The process is not easy if you are attempting it without any help. Our business specializes in helping your business incorporate, establish a business credit profile, and build strong business credit even with bad personal credit. Call us at 866.254.6076 to learn more.

Related Video…”The Little Guy”

Banks Calling Motorcycle Financing High Risk

High risk motorcycle loans in the United States are synonymous with "high interest" loans. Unfortunately the banks see all motorcycle loans as high risk. Of course they also see used bikes as high risk motorcycle loans. Interest rates for all motorcycles are approx 3-3.5% higher than car and truck loans. All we can do on this site is find the lowest possible rates for you. Along with the lowest rates we provide merchants that have quick approvals and easy online application processes. We know our visitors come to this site with very little time and need a fast resource for high risk motorcycle loans.

You can apply and be approved in only 10 minutes just by clicking the navigation button at the top of the page titled "motorcycles" On that page you will find high risk motorcycle loans available. We have listed a top pick of the day. That is your best bet. If you suffer bad credit there is superb resource you can use on that same page. The good news is that the finance companies have been keeping the prime rate low and in doing so kept high risk motorcycle loans reasonable. Luckily this is not the mid 1980's when interest rates were much higher.

High risk motorcycle loans are also given by banks more frequently in an attempt to keep ahead of the competition. As matter of fact the finance companies know that the majority of bad credit borrowers don't default on their loans. The banks really win now because they are charging the higher rates and lending to consumers who by and large won't default. As I've mentioned the obvious in other articles it's always best to dig up a large down payment. That is a sure fire way to avoid larger than desired interest costs.

Small Article On Boat Loans and Interest Rates

Finding low interest boat loans online can be all luck of the draw. What I mean is you can search a few phrases and find great deal in only a few seconds. However, if you don't use a good search engine (like Google) and use phrases that are vague you will be sent on a wild goose chase. If you want low interest boat loans you are not likely going to spend hours just surfing the net. It's boring and it's not fishing. How can you tell I'm not a huge fan of spending all day on the net. Rather be on the water somewhere fishing and boating.

The very fact that you landed on this page (looking for low interest boat loans) suggests that you are using good search engine and you used the right words in the right order. We cater to people looking for exact goods and services. One of our specialty industries is low interest boat loans. We are strictly a free online
service that points people in the right direction for their boat financing. What has made this website so successful is it's repeat customers. Our information is always up to date and we post our top pick of the day for low interest boat loans.

Our goal was to make a simple site for navigating and provide currently accurate information on various "boy toy" loans. A little sexist.....but I like it too :-) Goofing off aside - we were successful in reaching our goal and are proud to say we have become a leading online resource for low interest boat loans. If you have not checked our boat loans page I encourage you to consider doing so. Of course we also encourage people to bookmark our main pages for future reference. Thank you for visiting our site in search of low interest boat loans. Good luck in your quest and have super day.

Capital One Article - Online Lenders Series

This is an old article at the dawn of online loans. Capital One is one of the first companies to provide online applications, and a quick quotes.

Capital One Auto Financing is one of the top picks on many affiliate based financing site. Along with Eloan their market share for online auto loans is massive. With that said you can see their competition with your own eyes by simply typing auto loans in your favorite search engines. Capital One Auto Financing specializes in auto loans and motorcycle loans. Their status is such due to their keen involvement with affiliate webmasters across the globe. In this short article I will describe how this online finance company gained such large portion of the market.

Capital One Auto Financing embraced the webmaster publishing world and in doing so poised themselves for more profits then they could have ever imagined. By putting Capital One finance banners and links on their digital portals these publishers were granted commissions on sales. I work for just this kind of publisher. I am selective in my choice of publishers. I always keep my eye open for sites that claim low interest financing no matter what credit rating of the applicant. I want to work for the financing merchants and publishers that advertise only credible resources.

I realize now that after time testing Capital One Auto Financing they are the best bet as far as moving funds quickly and easily. There are other competitors that are very good companies but for some reason they don't convert people as well. If you are a publisher visiting and are thinking about using one of these articles on your "digital portal", you can email us. If you are interested in getting a car loan or motorcycle loan with Capital One Auto Financing please click the appropriate button or link on this page. This page is not for selling products or services. It is only here to guide visitors to our list of resources. Thank you for visiting!

Bank Loan vs Car Dealership Loans

The "bank auto loan" information below is written with the consumer's (your) benefit in mind. I recommend that you read it closely before you start looking for a bank auto loan.

"Bank auto loan" -- would you believe that the car dealership has the best auto loan rates around? I hope not. The car lots would love for people to believe that. They spend millions of dollars a year trying to convince you to steer clear of bank auto loan deals and use their so called "zero percent down -- zero percent financing". Run for the hills ladies and gentlemen.........make sure you ask the dealership how much the car will cost you if you get your own financing. They may even tell you that you have to finance with them. You see...they sometimes make the majority of their profit from you high interest payments.

A bank auto loan will ensure that you get the lowest rates available and if the car vendors are quite willing to let you get your own financing and drop their sticker price, you are on the right car lot. The auto dealers will add their high interest rates in to the original sticker price so you don't see it as interest. Pretty sneaky right....right. A bank auto loan should make sure that the auto dealer gets their basic profit and that is it. They should be able to go along with this as they are supposed to be in the business of selling cars, not loan sharking.

Some dealers see people come on to the lot with their bank auto loan financing in place, and they grimace. Those people who have secured bank auto loan requirements prior to running off to test drive vehicles are one step ahead already. Auto dealers count on "heat of the moment" impulse buying. They'll not only let you test drive the car, they'll let you take it home while they work out the "paper work" on the "great financing deal" they are giving you.

Avoid being "taken" and get a bank auto loan secured before you even test drive your first car or truck. Thanks for visiting Auto Loan 4U and we wish you the best of luck on your quest to find a fair interest rate on a bank auto loan.

Motorcycle Loan Article Picture With Flair

This came from Lazerloan.com. Interesting choice of picture for an article on financing motorcycles.

Consumers are always looking for the best deal when they are planning to purchase a brand new motorcycle or even a used motorcycle. They will spend hours figuring out which dealer has the best deal for them with the features and extras they can negotiate into the deal when they are purchasing their new motorcycle. Many consumers do not spend nearly as much time on the loan they will need to pay the dealer for the motorcycle. When you purchase something as significant as a motorcycle, you are actually negotiating two deals. One is obviously for the motorcycle that you are buying ant the other is the motorcycle loan that you will negotiate with the dealer or a lender that you have chosen. In both cases, consumers can save a lot of money!

Most people consider personal loans as being pretty straightforward, however there are ways to manage your costs and save interest over the life of the motorcycle loan. This article will deal with the process of finding the best deal for your motorcycle loan. The dealer, were you are purchasing your motorcycle, scooter or moped may have arranged financing to assist purchasers in finding financing and completing the sale of the motorcycle. Sometimes these motorcycle loans can be quite attractive while other times they are not.

One way to find out is to go to other lenders and compare the rates and terms for the loan you will need to purchase your motorcycle. The variables that you will need to review include the interest rate, the length of the loan, the monthly payment and the total cost of the loan in terms of interest you will pay and any fees that may be included. Your objective is to compare all of these and keep the total interest and fee’s as low as possible for your motorcycle loan. The lower all these costs are, the more money that will be in your pocket.

Check with your local bank, visit several lenders on the Internet that offer online applications and quotes and compare rates that may be available. One way to make the job of comparing motorcycle loan quotes easier is to keep as many of the variables the same for all quotes. Consumers looking for a motorcycle loan can maintain the total amount of money that will be borrowed the same for each application. Also keep the term of the loan the same as well. The only other major variables are the interest rate and any admin or other fees that may apply. Assess the total interest that you will pay and you will be able to decide who is giving the best motorcycle loan deal. You can even use this information to negotiate a better deal with your local bank or the motorcycle dealer who is trying to sell you a motorcycle loan in addition to the motorcycle that you are buying. Sometimes you can save more money on your motorcycle loan than you can on your motorcycle deal, just be negotiating a lower interest rate!