Driving the Day Listen to the Playbook Audio Briefing http://bit.ly/2rXrTMb ... Subscribe on iTunes http://apple.co/2eX6Eay ... Visit the online home of Playbook http://politi.co/2f51Jnf BULLETIN at 6:17 a.m. -- "CAIRO (AP) - Egyptian state TV says 23 people were killed and 25 wounded in the attack on a bus with Coptic Christians south of Cairo."Story Continued Below Good Friday morning, and happy beginning of the Memorial Day weekend! We hope you take advantage of the unofficial start to the summer vacation season. Send us some vacation pics and we’ll feature the best in Playbooks over the weekend. GREG GIANFORTE, the Republican facing misdemeanor assault charges for allegedly body slamming Ben Jacobs, won a special election for the Montana House seat late last night. (The AP alert came into our email at 12:31 a.m., but top House Republicans were texting us around 11 p.m., telling us Gianforte had it in the bag.) -- RESULTS as of 4:20 a.m. in Montana, per the secretary of … [Read more...] about SLAMMED: GIANFORTE WINS, vows to ‘stay out of limelight’ — TRUMP at G7: Declines to discuss whether GERMANY is bad — JARED KUSHNER a focus of Russia inquiry
Can i finance a car with bad credit
By Gerri Detweiler/Credit.com Buying a car can feel stressful enough, but when you have been through bankruptcy it may feel downright terrifying. No matter what the circumstances that led to your filing -- large medical bills or a job loss, for example -- you probably feel embarrassed and afraid that no one's going to want to give you the time of day, much less a decent loan. "The most important thing to know is that you do have options," says Phil Reed, senior consumer advice editor for the car buying platform Edmunds.com. He says lenders are interested in working with borrowers who are recovering from financial problems, and in fact some dealerships are eager to sell them a car. "You shouldn't assume that no one will talk with you and that you have to take whatever someone will give you," he says. Here's how to get a car loan after bankruptcy, step-by-step. (By the way, this advice also applies to someone in the process of a Chapter 13 bankruptcy which usually takes five years to … [Read more...] about How to get a car loan after bankruptcy
By Jason Steele/Credit.com While the overall job market has improved over the past few years since the Great Recession, not everyone has been able to return to the workforce. At the same time, others are without employment because they are in school, transitioning to a new career, are stay-at-home parents, or have simply retired. In these situations, is it still possible to be approved for a credit card? It depends First of all, a job is not required to be approved for a credit card, but applicants should be able to show some form of income. For several years, the Credit CARD Act of 2009 was interpreted to allow card issuers to consider only the applicant's individual ability to repay a loan. This had the effect of shutting out many applicants, especially stay-at-home spouses. Fortunately, the Consumer Financial Protection Bureau revised its rules in 2013 to allow card issuers to consider the household income of applicants 21 years of age or older, so long as they had a reasonable … [Read more...] about Can I get a credit card if I don’t have a job?
By Jill Krasny/Credit.com With auto sales estimated to exceed 17 million in 2015, per the National Automobile Dealers Association and other analysts, you could say it was another good year for car dealers. Now we're entering a phase where a lot of pent-up demand has been met, so 2016 could turn the tides in buyers' favor, said Matt DeLorenzo, managing editor for Kelley Blue Book's KBB.com, an auto research site. "A well-informed consumer will be in a good position," he said, "but you have to do your research upfront." We've compiled a handy set of questions all rookie car buyers should ask -- both of themselves and the car dealer. Don't visit the showroom without them. Doing your homework Having a baseline of information about what type of car you want -- and how much it will cost -- can be priceless. "You have to ask yourself, 'What can I realistically afford?'" DeLorenzo said. "The showroom environment might put you in a more expensive model" than your budget can handle. Once … [Read more...] about 5 questions all first-time car buyers should ask
By Jeanine Skowronski/Credit.com You may already know that your credit scores are very important -- primarily because lenders will use a credit score to determine whether or not they'll lend you money via an auto loan, credit card or mortgage, and how much interest they'll charge on what you borrow. What you may not realize is that this year, those three-digit numbers will be even more important. Why? Well, back in December, the Federal Reserve Board elected to raise the benchmark federal-funds rate for the first time in nearly seven years -- and it's expected to do so again as the year progresses. The Fed's benchmark federal-funds rate determines how much interest financial institutions pay to borrow from one another -- and when it goes up, so does the prime rate, the lowest rate that lenders will charge their most creditworthy consumers. As you may have read, the Fed's recent move means that rates will go up on any existing variable-rate financing, like certain credit cards or home … [Read more...] about Why your credit score is even more important in 2016
Before falling in love with a red — or midnight blue — car, it's a good idea to do a bit more homework than simply deciding what you'd like to spend on a monthly car payment.Car loans continue to be relatively low — and plentiful. But the origination of new car loans for subprime borrowers has hit a record low, according to Experian's data through the third quarter.So paying attention to your credit score matters. The average new car loan amount was $30,329 for vehicles financed in the third quarter, according to Experian. Borrowers with bad credit financed far less. The average new car loan amount was $25,031 for vehicles financed in the third quarter for borrowers with deep subprime credit, defined as a consumer with credit scores in the range of 300 to 500. The average new car loan payment overall was $502; the average new lease payment was $412 a month.To hold down their overall costs, car buyers can take a variety of steps. Car … [Read more...] about How do you find the car you’ll love and still afford?
Florida officials including two Cabinet officers want to whack a $10 fee to freeze your credit report after hacked credit reporting agency Equifax emerged as the state’s most complained-about company in 2017 in beefs to the federal Consumer Financial Protection Bureau. Indiana, South Carolina, Maine and North Carolina “do not charge this fee and we want to add Florida to that list this year,” said Jimmy Patronis, Florida’s chief financial officer. Last fall Equifax acknowledged a breach that exposed the personal data of more than 145 million U.S. consumers, including Social Security numbers, birth dates, addresses and more. In recent years the region including West Palm Beach, Fort Lauderdale and Miami has ranked No. 1 or 2 nationally in identify theft complaints per capita. State officials including Patronis and Agriculture and Consumer Services Commissioner Adam Putnam are supporting bills to end the $10 fee to freeze credit reports. Such freezes can make … [Read more...] about Florida considers ending fee to freeze credit as Equifax leads gripes
Millions of Americans who are unable to stump up the thousands of dollars needed to furnish their homes turn to companies like Rent-A-Center, which markets its services as a way for people with bad credit to "live large without making large payments."The deal is pretty simple: instead of buying a couch with cash, or using store financing — typically only offered to people with good credit — rent-to-own companies let you pick a payment plan for furniture which you can choose to return at any time, much like a rental car.Yet those contracts come with a serious and little-known risk. While falling behind on an installment plan can lead to late fees, debt collectors and a black mark on your credit record, missed rental payments can escalate to police involvement. If your state is one of the many with criminal rental theft laws on its books, possessing a rental item that you're not paying the bills for can be considered theft.Instead of a call from a debt collector, rent-to-own … [Read more...] about How A Couch Rental, Gone Wrong, Can Land You In Handcuffs
Money Watch, a personal finance column that runs every Saturday, features a financial planner from the National Association of Personal Financial Advisors answering reader questions about saving, protecting and growing your money. To submit a question, e-mail USA TODAY personal finance reporter Christine Dugas at: [email protected] Q: I owe $45,000 to six credit cards. I pay a total of over $1,000 a month. What is the best way to manage this debt? Can I get a five-year loan so there is just one payment? A: Unfortunately, there is no quick fix to get out of credit card debt. It is important to explore all the pros and cons of the debt consolidation options and stay clear of quick-fix schemes.Here are some ways you may be able to get a five-year loan to consolidate your debt.-- A secured personal loan. Banks, credit unions and other professional lenders offer this type of loan. However, it requires the backing of some type of collateral. Secured loans are often used to purchase an … [Read more...] about Money Watch: Tips on tackling credit card debt
Will sticker shock — coupled with three rounds of possible interest rate hikes in 2017 — drive more consumers out of the new-car market?As the auto industry comes off back-to-back record sales years, some auto experts are questioning how high sales for new cars and trucks can grow given existing challenges and expected new higher-rate hurdles in 2017.Consumers are dealing with a world where some costs are going up far faster than many incomes. As interest rates go up, the cost of existing debt on credit cards and other variable rate loans will go up, as well.Before shopping for a new car, SUV or truck, it is becoming more important than ever to start out asking: What exactly can I afford? What's a reasonable monthly payment? What other costs do I need to consider? And, really, how long do I expect to hold onto that new vehicle?"A lot of cars here today are 50-grand or more. Most people can't afford that," said Ryan Fortenbacher, 35, who was visiting the North … [Read more...] about How much is too much for a car payment?