Auto Loan Payments

Will settling car loan debt kill credit score?

Dear Driving for Dollars,I've been having trouble making my payments on my car loan, and my bank has offered me a settlement plan. If I take that offer, will it damage my credit?-- Cynthia Dear Cynthia,Yes, ...

New truck loan means big debt

Q. I have two credit cards each at 13.99 percent, totaling $9,100 of debt. I also own my truck outright. It is valued at $11,000. I make $400 in total payments to my credit cards per month. My idea is to sell my truck, pay off the credit cards and buy a used vehicle for around $15,000. This would be lower than what I currently pay to my credit cards. I understand this will increase my total debt ...

Used-car leases on upswing, but pitfalls abound

Under a used-car lease, if payments are missed, repossession is a snap because the dealer still owns the car.

Establish credit by co-signing a car loan?

Dear Driving for Dollars,I need to buy a car and don't have much of a credit history. I was told I should get a co-signer for a car loan. My sister is considering co-signing for me. If she does, which ...

KLeasing moves towards bundled products

Kasikorn Leasing Co, the auto-loan arm of Kasikornbank, will shift its focus from conventional products to bundled products in an effort to crush the competition.

A new kind of credit report

A new kind of credit report can tell lenders more than ever before.

Fitch Affirms 2 Classes of Ford Credit Auto Owner Trust 2009-B

As part of its ongoing surveillance, Fitch Ratings affirms two classes of the Ford Credit Auto Owner Trust 2009-B transaction as follows: