Refinancing Tips During the Credit Crisis
Are you upside down in your car loan? Owe more than it’s worth? Shelling out huge amounts of money each month for your payment and struggling to meet the demand? Perhaps you should consider approaching your bank or credit union for a refinance. The time has never been better in some ways, and more difficult in others.
Are Banks Lending?
Yes, the banks are still lending money, opening new lines of credit, and putting people in homes even today. Though U.S. automakers are struggling, the good news is that due to the credit crisis, interest rates on borrowing money have reached an incredible low. If you bought your car within the last two years or so, you should be able to get a better rate than you paid when you first bought it. The downside is that your credit needs to be in pretty good condition to get a loan today since most lending institutions have been burned recently by the factors that caused the current credit crisis.
Research Your Options
If your credit is less than perfect, you don’t want to simply shoot out applications to all the financial institutions you can and hope one accepts you. Every inquiry to your credit affects it in a slightly negative way, and searching for credit through many wild ‘potshots’ is a sure way to make your score even worse.
You should seek out the lending institutions with the most liberal policies regarding credit history. Not all banks and credit unions are the same. If you call them or research online before submitting your application or social security number, you can find plenty of information on those institutions that will loan to those with less-than-perfect credit. Once you find a few of them, list them out and compare the rates that they offer. Then send your application to the best one. If they refuse you, try the second.
A little wisdom in researching your options can enable you to find much better terms in your auto loan, possibly putting dozens of dollars back into your pocket every month. Taking advantage of the current credit situation in the world means moving smartly and saving money.
Recent Articles
We Have Decades of Experience In Digital Asset Acquisitions
Budgeting
Brand Protection
Strategy
Appraisals
Acquisition
Transfer & Registration
Market Research
Contract Negotiation
WHY WE’RE TRUSTED
We’ve Done Half a BILLION Dollars of Domain Deals
Domain Transactions
1,000sDomain Name Sales
$550M+Years of Experience
15+WHAT PEOPLE SAY
Real Success, Real Clients
"When starting a company, the Saw.com broker service team are some of the first people I call. A memorable name, and the domain and social handles behind it, creates a huge amount of brand equity right out the gate — no matter how big or how small your company is. From diapers.com to jet.com (and many more to come!) the Saw.com domain broker team has helped my companies be seen."
MARC LORE
Serial Entrepreneur
"We have worked with Saw.com since their inception and would not work with anyone else. They help us in all facets of business - from sales and transfers to renewals, SSL issues and any other matters that may arise. You will not find a better, more trustworthy business that has maximized our profits."
FUTURE MEDIA ARCHITECTS
WHY CHOOSE US?
Nobody Does Domain Deals Better
Deep Experience
Our team is full of domain experts and our CEO, Jeffrey Gabriel, has contributed to $550m in domain transactions including blockbuster sales like the record-breaking $13m for Sex.com.
Intimate Service
We only work with individuals and corporations who we feel can gain the most impact from our services. We're not a high-volume shop, so you never become "a number on the spreadsheet".
Secure Marketplace
Saw.com's global marketplace brings buyers and sellers together for seamless domain transactions. We have more domain data than any other platform, with 250,000+ names listed for sale.
Quality Brokers
Work with our brokers - the brightest minds in the business and stone-cold killers when it comes to buying and selling domains. We speak English, Spanish, Chinese, Russian, and more.
Ready To Give Your Brand a Boost?
Acquire the best domain for your business with Saw.com, one of the world’s leading brokerage firms.