Did you know that companies issued more than 10 million cards to subprime borrowers last year?
From CBS News
10 Million Credit Cards
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Buying a Car with Bad Credit 4
We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.
4. References – This typically should be a minimum of six people, with full names, addresses and phone numbers. They can be co-workers or friends, but some lenders prefer you to use relatives. The one rule is that they cannot live at the same address as you, and each must have a different address.
Buying a Car with Bad Credit 3
We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.
3. Working phone – This must be a landline or contract cell phone from a national carrier, in your name. Prepaid cell phones can’t be used. As lenders sometimes say “No phone, no loan!” This is so they can reach you if something happens, such as missing a payment.
Buying a Car with Bad Credit 2
We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.
2. Proof of residence – This must be a current (within the past 30 days) utility bill in your name, showing the address used on the application. A good tip: make sure your bill is up to date. It may not look so good to a lender if the bill you are using as proof is 30- or 60-days past due. Also, most lenders will require your rent or mortgage to be current.
Buying a Car with Bad Credit 1
We’re reviewing the four things that you need to provide to a dealer in order to get a car loan if you have bad credit.
- Proof of income – This must be in the form of a computer-generated check stub. It must be current, show year-to-date income, and your wages must be reported on a W-2 form at the end of the year (most subprime lenders have a problem with income like SSI and disability).
from Auto Credit Express
16 Million Subprime Consumers
Nerdwallet study shows that more than 16 million Americans with subprime credit scores are carrying credit cards. Ready more here.
Happy Independence Day
Happy Independence Day from all of us at BEBdata
July 2017 QR Code
Have you scanned your July QR code from the 2017 BEB-Business Extension Bureau calendar?
We have a special message for you!
You can also click here to see it!
Used-car sales likely to reach 3.2 million in June
Check out this interesting article by Joe Overby of Auto Remarketing
Used-car sales this month could trend down a bit from May, but they should maintain the same annualized rate, according to Edmunds.
The company released its monthly industry sales projections on Wednesday, calling for approximately 3.2 million used-car sales in June. That’s down from 3.3 million in May.
BEBdata Auto Lead Lists
BEBdata partners with the nation’s most robust data companies for our automotive leads lists. The databases hold over 150 million records of car, truck & SUV owners throughout the United States. Buy your next auto file from BEBdata. We specialize in bankruptcy data, bankruptcy leads, and more. We are data experts and can help you to identify, communicate and engage your prospects to become customers.
NADA 2018 in LasVegas
The NADAShow Expo is the auto industry’s premier marketplace of products, services and technologies specifically targeted to franchised new car dealerships. More than 700,000 square feet of exhibits highlight more than 500 manufacturers and suppliers of the hottest products and coolest technologies.
We’ll be there March 23 – 25, 2018 in beautiful Las Vegas, Nevada! Will You? #NADA