6 Mar, 2009 in Credit by Administrator

How quickly can I finance a car after my bankruptcy is discharged?

3 Comments

Latashia tells us: We are filing a Chapter 7 bankruptcy, and it is due to be discharged by May. How long after that can we finance a car for a decent rate?

21 Dec, 2008 in Credit by Administrator

What exactly is a finance charge, and under what circumstances will I need to pay one?

1 Comment

Leslee tells us: Pretty much exactly what the main question says. I have no idea what a “finance charge” is. For instance, would I be charged a finance charge if I charged a purchase, and then paid the balance immediately?
Any additional information that could be given would be great, as [...]

15 Dec, 2008 in Credit by Administrator

How does the finance person from the dealership I bought my car make his money?

2 Comments

My tells us: Here is the deal. I kind of got taken from a shady Persian gentlemen who did the financing for me at my local Honda dealership. So he got me for a higher interest rate, lied to me so I would purchase stuff like extended warranty and gap insurance. My question is this: [...]