4 Costly Mistakes to Avoid When Taking a Car Loan

Any mistake you make when taking a car loan could translate into thousands of dollars. Caution, on the other hand, could see you save considerably. When financing your vehicle, there are plenty of other considerations besides the price. These tips will help you learn some of the grave mistakes people make when taking a car loan and how to avoid them.  Negotiating Monthly Payment Trying to negotiate the monthly payment with the dealer is not outrageous.

Getting a car loan when you are self employed

If you have a business where you employee yourself, whether as a contractor or a sole trader, it can be hard to get loans. This can be particularly tricky where you need a car to get to work. Here are some options to get car financing if you cannot provide regular payslips to get a traditional car loan.  Try a low document loan (often called 'lo-doc' loans) There are a range of loans that require less documentation that are designed for people with intermittent income.

Dealing with Debt Collectors: What to Remember

If you have had some financial problems, such as loss of a job, that have affected your debt repayment schedule, you may have to work with a commercial debt collection service. Commercial debt collectors are individuals who collect debts from consumers on behalf of businesses. This usually happens when as a debtor you have failed to pay your creditor as agreed in your contract. If you are contacted by a debt collector, it is essential that you know a few things to avoid lengthy and costly legal proceedings.