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Fitch Expects to Rate CarMax Auto Owner Trust 2012-1; Presale Issued

Fitch Ratings expects to rate CarMax Auto Owner Trust 2012-1 as follows:

Bank loan officers hold on to credit standards in 4Q 2011

Senior bank loan officers held their credit standards steady for businesses and households in the fourth quarter of last year, according to the latest round of a central bank survey.

Auto/Mate Introduces Desk/Mate, Advanced F&I Desking System for Auto Dealerships

Auto/Mate Dealership Systems (http://www.automate.com) announced today the introduction of Desk/Mate, an advanced F&I Desking System for auto dealers that is available as part of Auto/Mate’s dealership management system (DMS) software. Desk/Mate allows sales managers to easily compare multiple retail, lease and balloon payment options; as well as multiple vehicle choices for the customer ...

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 ...

New credit cards can ding your credit score

Tinesha Ross, a MBNA employee, walks by the credit card museum at MBNA in Wilmington, Del., in this 2003 file photo. / GANNETT FILE PHOTO Don’t apply for or accept any other new credit for three months to six months before going out to look for a car loan, said Anthony A. Sprauve, director of public relations for FICO.

How to stay afloat on your car loan

Dear Driving for Dollars,I am desperately trying to get out from under a high car payment. Due to cutbacks at work, my income is now less than my car payment plus my car insurance. I want to trade in my ...

A new kind of credit report

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