Why Should You Stay Away From Extended Car Loan Terms?

“Extended term loans are stupid not just for us, but for the industry.” – John Mendel, Honda’s U.S. sales chief Mr. Mendel elaborated that competitors are doing stupid things to increase sales and it includes seven-year long loan terms. He said that automakers are selling more vehicles by offering 84-month loans that decrease monthly payments […]

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Common Questions About Credit Scores

I get a lot of questions about credit scores. Here are some of the most common questions (and of course my answers): Can I get a mortgage with a credit score of 450? If you get one, it won’t be a mortgage you want. Credit scores are calculated using a variety of models that have […]

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This Is How Debt Ruins Your Life

If you think that your little credit card purchases will not hurt you at all, think again. Most people in debt started with that one purchase and soon found themselves in some really serious financial crisis. Debt, especially credit card debt can accumulate faster than you can imagine and it can lead to the potential […]

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