Posts Tagged ‘car loan’

Tough to Acquire Auto Loans

Friday, January 29th, 2010

As the country and the world continue to climb ever so slowly out of the recent recession, it is still difficult for most people to acquire an auto loan from a mortgage broker, a car dealership, or another type of lender. Car dealers from across the United States claim that customers are returning to their showrooms because the economy is showing signs of strengthening but those same customers are running into problems regarding their finances. Some car dealerships claim that almost three-fourths of credit applications by their customers are rejected by the banks because of the economical meltdown just one year ago has caused them to become hesitant to loan money. (more…)