No Credit Check Auto Lender Share Tips on Getting Out of a Bad Car Loan in New Article

Seattle, WA (PRWEB) October 06, 2014

Of the 300,000+ car loans that are signed every year in this country, almost 5% will undergo some type of delinquency during their lifetime. If you find yourself trapped in a loan that feels like it is crushing your finances, there are options, says Complete Auto Loans. There are options for car owners that feel like they are in a bad loan, this article helps owners decipher if the loan is bad and what to do about it. Get approved for a car loan in as little as 60 seconds.

Options such as refinancing, and bankruptcy are discussed, giving drivers a lot of information on what to do if you find yourself in a bad loan. The bad credit auto lender says, If your original loan had high interest or bad terms, but you still want to keep your car, try to refinance the loan with a new lender. Refinancing a loan basically means that the new lender pays the old lender the balance of the loan, transferring your debt to a new lender that might offer lower interest rates. For this option and more, read the full article.

Shoppers are also encouraged to check their credit score. The complimentary online credit score tool can help applicants save thousands of dollars on their loan. Once the applicant has filled out their car loan application, they are given the opportunity to save on their loan. For more information, visit Complete Auto Loans website.

About Complete Auto Loans

Complete Auto Loans is a Seattle-based company that is dedicated to helping their customers acquire national car financing. They design and develop customized no credit financing, bad and good credit loans. Voted the best for “Quality Customer Service” and “Best National Service” by thousands of people, their finance experts focus on providing their customers with the following: information and tools available for different loan offers, how to choose the best loan that fits their budget, as well as related eligibility guidelines.

Identity Protection Theft Tips

Identity theft is something that you cannot prevent 100%. Many times your personal information is in the hands of others and therefore you cannot completely keep your information safe. However, you do have some control over the situation. You can ensure that nobody will steal your identity on your watch.

Dealing With Reputable Companies

While you cannot control what happens when you are working with companies, lenders and others who have your personal information, you do have control over who you do business with. You should always check into a company before doing business with them and before handing over any of your personal information.

You should check out a company with the Better Business Bureau and make sure that they have no outstanding complaints related to identity protection theft. Check into the ways that they keep your private information protected and ensure they are set up to deal with a problem with identity protection theft should it arise.

While you do not have a lot of control over your personal information when it is in the hands of a company, you can make sure that you do everything possible to ensure that, that company will treat your personal information with care.

Handle With Care

You also have to be responsible yourself. You have to do everything possible to ensure that you do not let someone get a hold of your personal information and steal your identity. Some things you can do are simple common sense, but many times people make careless mistakes and this is what an identity thief is waiting for.

A major rule, that every debit card issuer tells you, is not to carry your pin number with your card. Still, many people do not follow this rule. It would be so simple for someone to find the card with the pin written on it and use it. It is simple. Just do not keep your pin number with your card.

Another simple thing you can do is to not toss mail or other personal papers that have any sensitive information on them. Shred all documents. It may surprise you to find out that many identity thieves get their information by going through the trash.

Also be careful online. While shopping online is actually very secure, there are other ways that being online can get you in trouble. Never give out personal information through an email. Never follow email links to websites. Instead type the address in the browser. Scam emails are all too common of a way that thieves operate.

Finally, be prepared. Keep the phone numbers for the customer service lines for every credit card and bank account that you have on hand. This way if your wallet or purse gets stolen then you can start making calls to put holds on all your accounts.

In general, to protect yourself from identity theft you have to be proactive. You need to watch out for yourself in everything that you do. You must be smart about how your handle your personal information and always have an eye out for someone who may be trying to steal your identity.

Rod from Identity Protection Search provides help and guidance for your Identity Theft Protection

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Secured Credit Cards- Consumer Tips

Whether you have no credit or damaged credit, secured credit cards are a good tool for building a good credit history.

Several months ago Tom, a member of, filed for a Chapter 7 Bankruptcy. Now he is in the process of rebuilding his credit history. It’s a task that is not easy, but with patient persistence he is seeing progress already. Daily he checks his credit score and is slowly seeing improvement.

1 – In addition to correcting every mistake, even the smallest ones, on his credit report, he is using a secured credit card.

2 – This secured card is an important tool in the overall process of building or rebuilding credit.

Who should consider a secured credit card?

Someone who has no credit history.

Someone with a damaged credit history.

What is a secured credit card?

Secured cards are credit cards opened with a deposit into a savings account, money market or certificate of deposit. The amount of deposit required varies from card to card, but generally minimum amounts range from $ 250 – $ 500. These funds are considered your security and will even earn a little interest since they are being held in a savings account. Your credit limit is determined by the amount you deposit into the savings account. Sometimes the limit will be for the full amount of the deposit; other times it will be a percentage of the total.

It is important to keep in mind that a secured card is a credit card, not a debit card. If full payments are not made each month, then interest is charged on the outstanding balance. And the lending institution uses the security money to pay off the debt only as a last resort. Even though the card is secured, it is still possible to damage credit.

What are the benefits of a secured credit card?

Establishing credit. If you have never had a credit card, a good first step in establishing good credit is applying for a secured credit card. Assistant Professor of Economics at Austin Peay State University in Clarksville, TN, Jerry Plummer says, “A secured card is most useful for the person starting out on their credit history, since it says that the person is willing to take the extra step to establish credit.”

Reestablishing credit. If your credit history is damaged, you may only be able to qualify for a secured credit card. Using this secured card appropriately and within the set parameters will help rebuild your credit and qualify you for an unsecured card. If you have had to file for bankruptcy, however, you may not qualify until it has been discharged.

Preset limit cannot be exceeded. If poor spending habits were part of the cause for bad credit, then a secured credit card will help keep spending in check.

Useful for transactions that require a credit card. Hotels and car rentals require the use of a credit card. If you don’t qualify for an unsecured card but you do for a secured card, then you are still able to make the transaction.

What should I look for or avoid when shopping for a secured credit card?

Fees. This is the area you will really want to research when shopping for a secured credit card. Some cards will come with fees that run into the hundreds of dollars, eating away much of the credit you secured with the savings account. Professor Plummer says a card with no fee is the best, but a small one-time fee can be okay. Annual fees for attractive secured cards typically range from $ 20-$ 35. Be sure to watch out for hidden fees such as “registration charges” and “setup fees.”

Interest Rate. Just because you have no or poor credit doesn’t mean you have to settle for the highest interest rate. Interest rates for attractive secured cards should not exceed 19%. Shop around and get the most competitive rate available.

Read the fine print. Linda Tucker, Director of Education for Consumer Credit Counseling Service for Arkansas and Memphis, TN, stresses the importance of reading the fine print. Doing so will let you know your exact obligations to the issuing company: for example, the grace period, what happens if you don’t make a full payment, and what fees are attached if you don’t make the full payment. Understanding these details will help make sure you are not further damaging your credit.

Fraudulent Offers. As with unsecured cards you need to watch out for fraudulent offers.The Federal Trade Commission gives the following advice to protect yourself from credit card fraud:

Offers of easy credit. No one can guarantee to get you credit. Before deciding whether to give you a credit card, legitimate credit providers examine your credit report.

A call to a ‘900’ number for a credit card. You pay for calls with a ‘900’ prefix — and you may never receive a credit card.

Credit cards offered by “credit repair” companies or “credit clinics.” These businesses also may offer to clean up your credit history for a fee. However, you can correct genuine mistakes or outdated information yourself by contacting credit bureaus directly. Remember that only time and good credit habits will restore your credit worthiness.

When will I qualify for an unsecured credit card?

It can take several months to see an improvement in your credit history. Bankrate says it’s a good indicator when you start receiving flyers in the mail for unsecured cards that your credit is improving. However, it’s a good idea to continue taking things slowly. Using a secured card will help you learn healthy habits so that when you do get an unsecured credit card you remain in control of your spending and credit.

Where can I find a secured credit card?

Most companies don’t advertise secured cards. But you can visit the Card Reports section of to find out where and how to apply. Click on the link entitled “Cards for Consumers with Poor or No Credit”.

Other tips

Tom recommends sticking with only one or two cards and keeping spending to a minimum. The goal is to pay the card off each month.

Tucker emphasizes the importance of paying the amount due each month; otherwise late fees can be charged, interest rates raised, privileges lost, and credit history negatively affected.

Make sure you are getting a credit card as opposed to a gas card or a department store card.

Make sure a reputable bank or credit union, even a local one, is issuing the card. And, don’t automatically assume a bank is issuing the card.

Not all issuers report to the three major credit agencies (Experian, Equifax, and TransUnion). It’s important to get a card that does report to all three agencies; otherwise you will be wasting your time. Fortunately, secured cards normally report to the credit agencies just like unsecured cards (you should verify this before applying).

If you have filed for bankruptcy, you may need to wait until it has been discharged before qualifying for a secured card.

Get one only if you cannot get credit, since you have no credit record; or if you have poor credit. Plummer says, “Many companies will not even count them as credit, such as automobile F&I (Finance and Insurance) people, although they will not admit it.” So, if you don’t really need a secured card, you will be doing more harm than good.

Finally, whatever situation you are in, no credit or poor credit, the best way to build good credit is to set up a budget and then stick with it.

1 You can pay membership fees to any one of the three credit bureaus – Experian, TransUnion, and Equifax- to be able to check your credit score online daily. Visit our Credit Information section for more details. Tom recommends purchasing Microsoft Money 2004, which comes with a one-year membership to Experian (value of $ 99.00).

2 To find out more about correcting errors on your credit report, read our article How to Correct Mixed or Split Credit Reports.

Amy Cooper-Arnold is a staff writer for Amy has been employed in various accounting-related positions. She will graduate this December from Austin Peay State University with a degree in English.

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