Auto Financing Assistance
auto financing assistance
Can I resolve negative reports on my credit resulting from an auto accident?
I was critically injured in an auto accident at the end of July of last year and was hospitalized for three months. As a result, I wasn’t capable of managing my finances and was dependent on my family for doing so. During that time I recieved a 30 day and a 90 day past due notice on my credit for two separate credit card accounts. How can I get this resolved?!? The credit reports are accurate but because of exceptional circumstances my credit has been severly negatively impacted. Thanks in advance for your assistance!
I’m sorry you went through such a bad time and hope you have fully recovered.
You might send goodwill letters to your creditors. Explain the circumstances that led you to being late and ask them if they will work with you on removing the lates from your reports.
If those were the first and last times you were ever late, they may work with you.
Instead of sending the letter and hoping that whoever reads it will deal with you, you might Google the creditors and find names of people higher up the ladder to send the letters to.
Auto Finance: Banks Dominate The Lenders
In the recent past it is obvious that there has been a dip in the automobile sales but, even in this credit crisis of 2008 it is the Banks and the credit unions that have got some relatively good business comparing others.
Auto relief Group’s Jeffrey Taylor says “bank and the credit unions got their shares of outstanding loans increased comparing the independent finance companies. There is two possibilities for this, one could be the independent finance companies fear that the probability that the money lost through default will be too expensive than a loss of business. The second chance could be the over all drop resulting in frozen credit market and hence banks might be safe for both consumer and the dealer. Also banks & credit unions had (have) better liquidity than other lenders.
“Banks increased their portfolio of $236 billion or 2.7% for outstanding automobile loan, at the same time credit unions have increased to $149 billion or 1.2% for the same“, informs Jeffrey. Recent record also shows that Chase Finance holds the top slot sending Toyota down followed by Wachovia, sending Honda & GM to lower spot.
Jeffrey informs that both these lenders (banksunions and dealers) they give prime importance to the credit history of the customers, and it is very important to take care of it and is always advisable to consult an expert if any one suspects their credit score is low.
About Auto Relief Group:
Auto Relief Group was founded to help customers deal with their auto loan payments in time of need. Over the years each member of their team has developed a stellar reputation, and industry connections, allowing the company to quickly identify opportunities and act to assist the clients in their efforts to reduce their payment and keep their car, SUV or truck.
Visit: http://www.autoreliefgroup.com
Contact:
877.216.7203
877-259-3559
877 842-7667
autoreliefgroup@gmail.com
About the Author
Anthony Giudice is a president and CEO of 5 international companies.
