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Zimbabwe: ‘Housing Loans Most Popular’

By Kudzai Kuwaza EMPLOYEES hold more housing loans and personal loans than car loans with the banking sector getting the majority of the loans, a survey has revealed. The study was carried out by Industrial Psychology Consultants and is titled Financial Wellbeing Survey Zimbabwe Employers Loan. The average housing loan amount in urban areas is […]


Bad US Car Loans Hit 8-Year High, Drawing Parallels With 2007 Mortgage Meltdown

Kristian Rouz– Volumes ofcar loan delinquencies have risen toan eight-year high last month, and auto loan-backed bonds look increasingly toxic, withskyrocketing yields and plummeting value. The next big threat tothe US financial system has materialised inone ofthe hottest segments ofthe lending market, which is car loans, and now commercial banks have started topull outof the […]


Banks Pull Back on Car Loans as Used-Auto Prices Plummet

Big banks are pulling back sharply from auto loans, helping drive a drop in car sales and raising fears the slump might deepen. Wells Fargo amp; Co., one of the largest US auto lenders, last month reported a 29% fall in its auto loan originations for the first quarter from a year earlier. The decline, […]


Auto-loan fraud is soaring in a parallel to the housing bubble

There are cities in the US where borrowers are more likely to default on their car loans within a few months of buying their cars, often a sign of a loan obtained fraudulently. Those “hot spots” include Fort Myers, Florida; Salem, Massachusetts; Gatesville, Texas; Miami; and Laurel, Maryland, Point Predictive said.


Fraud sentencing for ex-fugitive who ran Glendora car dealership

Photo via Pixabay A man who ran a large Glendora car dealership before fleeing the country in the late 1980s faces the likelihood of a federal prison sentence Monday for ripping off at least five banks. Eminiano “Jun” Reodica Jr., 72, could be sentenced to decades behind bars and ordered to pay hefty fines when […]


Auto Loan Fraud Soars in a Parallel to the Housing Bubble

Borrower fraud in US auto loans issurging, and may approach levels seen in mortgages during last decade’s housing bubble, according to a startup firm that helps lenders sniff out bogus borrowers. As many as 1 percent of US car loan applications include some type of material misrepresentation, executives at data analytics firm Point Predictive estimated […]


Closing the awareness gap and communicating the credit union …

One-third of all US citizens are currently members of a credit union. However, most have little to no idea what a credit union actually is and cannot correctly articulate how a credit union differs from a bank. For non-members, the lack of awareness is more acute. CUNA recently launched a Consumer Awareness Initiative to conduct […]


Banks Pull Back on Car Loans as Used-Auto Prices Plummet

When lenders repossess cars, they resell the vehicles and use the proceeds from the sale to recover as much of the unpaid balance as possible. Declining values means that lenders are recouping a smaller share of those balances. Lenders who are repossessing cars tied to prime auto loans that were securitized in 2015 are recovering […]


What credit score is needed to buy a car?

If you need to finance a new or used vehicle, pay close attention to your credit score. Lenders use it to determine the rate you’ll get on a loan or whether you’ll get a loan at all. Those with higher scores generally receive the best rates, and finding the cheapest possible financing is becoming more […]


Car Loans Bank: the best choice for a car loan today!

Based in the hub of Canada, Ontario, Car Loans Bank has a simple online application process that can mean driving a new car only a day or two after application. Choose the desired vehicle type to narrow down the list of possible lenders, putting specialist dealers at the top of the algorithmic list, and decide […]


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