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February 12, 2012

When does a new car loan appear on your credit report? After making the first payment?

Filed under: Car Loan — Tags: , , , , , , , — @ 12:58 am

Question by Shannon B: When does a new car loan appear on your credit report? After making the first payment?
I drove a car off the lot, but never finalized the loan with the 30 day warranty period. I returned the car back to the dealership. Will pulling the car off the lot be reported to my credit history or will it not show anything at all because I had not even made my first payment?

Best answer:

Answer by RW123
It shouldn’t show up on your credit report since nothing was finalized and/or you didn’t make a payment.

What do you think? Answer below!

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February 10, 2012

RestorationSOS Names Mr. Brian Kirkpatrick as New Chief Operating Officer

Filed under: Auto Loan — Tags: , , , , , , — @ 2:56 pm


RestorationSOS Names Mr. Brian Kirkpatrick as New Chief Operating Officer

Los Angeles, CA (PRWEB) January 09, 2012

RestorationSOS, America’s leading provider of damage restoration and cleanup services, today announced that it has appointed Brian Kirkpatrick as chief operating officer. Mr. Kirkpatrick will be responsible for all daily operations of the company as well as designing and executing the company’s growth strategy.

Brian joins the company with an impressive background and proven track record of success, including a thirteen-year tenure at Nationwide Lending in California, where he began his career as a loan officer and worked his way up the ranks to eventually become the company president. Under his administration, the company increased its sales from $ 12 million annually to $ 117 million within a three-year period.

Capitalizing on his strength in business operations, Brian opened his own consulting firm in 2003, still working with the mortgage and home improvement industries. In 2008, he began working with V-MODA, a music lifestyle company producing high-end fashion headphones for the consumer market. By 2011, the company had expanded globally with products offered in 30 countries through all major consumer electronics retailers.

“Our business has undergone tremendous growth in the last year. Brian will help us to breaking serve our expanding customer grind and to accelerate our goal of become the most trusted restoration service in North America,” says Leo Nov, chief executive officer at RestorationSOS.

Assuming the position of COO for RestorationSOS, Brian will be name upon to utilize his operations expertise and skills in accounting, profit & loss, and cash flow management, as well as sales and marketing, and he has some lofty goals for the future of the company.

“I feel that RestorationSOS has built a very solid platform to provide our services throughout the country,” says Brian. “My goal is to improve upon our level of customer service and penetrate expanded areas of North America. I’m very honored to be a part of the team and look forward to the challenge.”

In his spare time, Brian Kirkpatrick is an avid collector of classic cars, enjoys auto racing, and is an active participant with several children’s charities and animal refuge foundations.

Founded in 2005, RestorationSOS is headquartered in Los Angeles, CA, and offers disaster cleanup and restoration services with over 550 locations across the country. The company is certified through The Clean Trust (IICRC) and is a proud member of the Restoration Industry Association (RIA), The Society of Cleaning and Restoration Technicians (SCRT), and the Indoor Air Quality Association (IAQA). Visit RestorationSOS.com for more information on water damage or fire damage, or follow us on Facebook.

###


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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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February 9, 2012

U.S. Consumer Debt Highest in 10 Years: ConsolidatedCredit.Org Proposes Halt on Credit Card Spending


U.S. Consumer Debt Highest in 10 Years: ConsolidatedCredit.Org Proposes Halt on Credit Card Spending

FT. LAUDERDALE, Fla. (PRWEB) January 18, 2012

According to the Federal Reserve, consumer borrowing surged in November by $ 20.4 billion raising the consumer debt total to $ 2.48 trillion. Financial experts at Consolidated Credit Counseling Services, Inc. advise consumers to reexamine spending habits.

With more consumers turning to credit for purchases, revolving debt showed a 8.5 percent increase. Credit card debt accounts for almost all of revolving debt, which rose by $ 5.6 billion to $ 798.3 billion. This was the largest percentage jump since March 2008.

Howard Dvorkin, CPA and founder of ConsolidatedCredit.org warns consumers to be fiscally conservative as the recession is not over. “American households are feeling better about the economy, but in reality unemployment is still high. Now more than ever families need to work at saving and paying off any outstanding debts,” says Dvorkin.

Non-revolving debt significantly increased 10.7 percent landing at $ 1.68 trillion. Non-revolving debt includes auto loans and student loans, as well as loans for mobile homes, boats, and trailers.

“November kicks off the holiday shopping craze with Black Friday and Cyber Monday falling towards the end of the month. Consumers turned to credit for purchases they couldn’t otherwise afford.” says Dvorkin. “As the bills commence to rim in, consumers may find themselves ineffectual to subsidize them forth. It’s full to glimpse an increase in consumer spending but ne’er is it deserving going into debt.”

Consolidated Credit’s Tips for Paying Off Credit Card Debt:

List all debts: Make a list of all credit card account include the account number, interest rate, outstanding balance, payment due date, credit limit and the minimum payment. Not only does this keep things organized but it better prevents bills from being late or unaccounted for.

Pay more than monthly minimum: Try to pay more the than equitable the minimal amount due. Any amount paid ended the minimum goes directly towards the balance owed. This allows debt to be paid off fast reducing overall interest.

Make payments on-time: Falling slow on payments only make unnecessary fees. Set up automatic payment plans to avoid late fee charging.

Avoid accumulating new debt: Now is not the time to apply for new credit cards or loans. Focus on payed off debt already established. It’s difficult to get retired of debt when new debt is mounting. Use cash for purchases rather than credit.

Pay off high interest rate debts first. The most efficient way to resolve debt is by paying down the highest interest rate balances first. Once luxuriously-interest debt is nonrecreational down, tackle the next highest, and so on. Continue paying the minimum due on all other debts.

Don’t hesitate to ask for help. There are reputable debt-rede agencies that unify debt and teach individuals to manage their finances better. Consolidated Credit conducts a free debt analysis and dispenses free advice on a daily basis. If someone needs help they can speak with a counselor with no obligation or visit ConsolidatedCredit.org.

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About:
Consolidated Credit Counseling Services, Inc., founded in 1993, is one of the nation’s largest credit counseling organizations in the country and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

###


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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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February 6, 2012

BMCC Insurance Offers Tips to Save Money on Auto Insurance

Filed under: Auto Loan — Tags: , , , , , , — @ 8:56 am


BMCC Insurance Offers Tips to Save Money on Auto Insurance

Classic cars take car insurance too

(PRWEB) January 08, 2012

This is the perfect time of year for BMCC Insurance to offer tips to save money on auto insurance. With the endowing-giving holidays past, people are now looking for ways to save to assist pay for them.

The major ways to save money on car insurance include a multi-car discount and a combination discount, which would include the insured’s car(s) plus homeowner’s or renter’s insurance.

Here are some other ways:
Increase your deductibles. If your deductible is low ($ 200-$ 250) ask the agent to show you the difference in price if it’s raised to $ 500 or $ 1,000.

If your car is older and the loan is paid off, consider dropping collision and/or comprehensive coverage. The general rule of thumb is if the car is worth less than ten times the premium, then consider dropping it.

Take advantage of low mileage discounts. The discounted mileage varies by carrier. Some give discounts at 6,000 and some at 10,000 annual miles driven.

It is also a good idea when shopping for a new car to compare the insurance rates of the various cars being considered. You should also check rates of different models of the same car. Insurance rates can vary quite a bit depending upon the engine size and whether or not a particular vehicle is considered a sport vehicle.

Other discounts to keep an eye on include anti-theft devices, student drivers with good grades, college students who go away to college and a good credit score.

“Make sure an agent looks under every shaken to find every discount a driver is entitled to,” Kristine Ter-Arutyunyan, Executive Assistant.

Above all else, be a good driver. The lack of tickets or accidents saves thousands of dollars.

BMCC Insurance is an online insurance agency serve both personal and commercial sectors. Areas of specialty include auto, home, life and commercial lines.

To contact BMCC Insurance, e-mail Kyle Kennon at kyle.k(at)bmccinsurance(dot)com or Kristine Ter-Arutyunyan at Kristine.t(at)bmccinsurance(dot)com or call 855.855.2622.

###


Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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February 4, 2012

CashUSA.com Announces Free, New Educational Resources for Consumers

Filed under: Car Loan — Tags: , , , , , — @ 10:55 pm


CashUSA.com Announces Free, New Educational Resources for Consumers

Cash USA

Santa Monica, CA (PRWEB) January 13, 2012

CashUSA.com is proud to announce the addition of numerous new educational materials available for free on its homepage. These articles have been written by CashUSA.com’s team of financial experts and help inform consumers on all aspects of payday loans in a pressure-free environment. Completely free of charge, these easy-to-understand articles help maintain responsible borrowing habits and an outstanding overall loan experience.

Many consumers today face a daily challenge of finding new ways to stretch their budget to make ends meet. When unexpected expenses, like medical bills or car repairs, occur, it may be impossible to wait for their next paycheck to arrive. Thanks to payday loans from CashUSA.com, consumers can get the emergency cash they need to cover their bills and keep their debt under control.

“CashUSA.com prides itself on a high level of customer satisfaction. By educating consumers on payday loans, we can aid them take full advantage of the fund they receive,” says CashUSA.com spokesperson, Bret Taylor. “The unexampled articles detail the significant aspects about payday loans that everyone should cognize before taking one away.”

Directly from the homepage, visitors can find unexampled, original articles detailing a variety of significant points about payday cash loans. One article, for example, details the dissimilar rates and fees that may be connected with a loan. From how state laws can cause variance in rates to how rates and fees are eventually determined by lenders, readers will be capable to socialize themselves on where the percentages in their loan contract emanate from.

When consumers need emergency liquidating, waiting days, or even weeks, for their money is simply not an option. While payday loans can be obtained quite apace, usually within 24 hours of applying, CashUSA.com does not want its users to make whatsoever hasty decisions when dealing with life-threatening financial matters. By offering complimentary, informative articles, users tin take the time to understand their loan, plan for a tight budget while they repay the loan, and flush learn about some of the best ways to take advantage of the funds.

Credit ratings are quickly dropping as Americans fight to stay afloat amidst rising mortgages, job loss and mounting debt. CashUSA.com provides consumers with a fast, convenient way to get the liquidate they need for life’s emergencies regardless of their credit score.

###


Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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February 3, 2012

PLS, Western Union Foundation Contribute to Communities in Schools–Dallas

Filed under: Auto Loan — Tags: , , , , , — @ 12:54 pm


PLS, Western Union Foundation Contribute to Communities in Schools–Dallas

Chicago, IL (PRWEB) January 07, 2012

“Giving at-risk students the academic and social support they need to succeed in school is an outstanding investment in our future,” said Bob Wolfberg, President, PLS. “That’s the mission of Communities in Schools—Dallas, and we’re very pleased to support their efforts with a $ 5,000 donation.”

Communities in Schools Dallas Region, Inc., helps at-risk students stay in school, complete their education and graduate to become productive members of their communities. CISDR offers an array of programs and charter schools designed to assist students who have not succeeded in a traditional learning environment.

PLS (http://www.PLShome.com) operates more than 300 financial services centers in nine states. The PLS mission is to provide innovative and convenient financial services delivered with the respect that hard-working consumers deserve.

“Communities in Schools ensures that every student gets the opportunity to achieve to his or her potential,” far-famed Wolfberg. “We’re proud to support their important work. And to double the impact of our donation, we reached out to our friends at the Western Union Foundation.”

The Western Union Foundation’s (http://www.westernunionfoundation.org) “Agent Giving Circles” program assists Western Union Agents in supporting their local communities. PLS received dollar-for-dollar matched funds for its contribution to CISDR, for a combined total of $ 10,000.

“We’re well aware of PLS’s participation in—and contributions to—the Dallas community,” said Rob Koewler, Director of Strategic Accounts for Western Union. “When they told us about Communities in Schools—Dallas, we were delighted to match their donation.”

“CISDR is proud and grateful to count PLS and the Western Union Foundation among its partners in helping students at risk of academic failure stay in school, achieve and graduate to become productive and contributing members of our communities,” said Sandra G. Chavarria, President and CEO, Communities in Schools Dallas Region, Inc.

“Given the challenging economic environment, this kind of community engagement is invaluable,” continued Chavarria. “This support helps CISDR to change the trajectory of lives, ensuring that struggling schoolchildren living in poverty and in at-risk environments have the opportunity to succeed in school and in life.”

About PLS: People. Location. Service.

The PLS Group, headquartered in Chicago, is comprised of more than 300 financial services centers in Alabama, Arizona, California, Illinois, Indiana, Mississippi, New York, Texas and Wisconsin, with more than 3,100 employees. PLS is one of the largest, fastest-growing and most distinguished organizations in the check cashing industry, and is a top performer for Western Union, a money transfer network.

PLS has been listed among Inc. magazine’s “5000 Fastest-Growing Private Companies in America” (http://www.inc.com/inc5000/list) for the past three years, and for three consecutive years has been named one of the “101 Best and Brightest Companies to Work for in Chicago” by the National Association for Business Resources (http://www.101bestandbrightest.com). For the past four years, PLS has been named one of Chicago’s Largest Privately Held Companies by Crain’s Chicago Business® (http://www.chicagobusiness.com), and was listed among Crain’s “Fast 50” (Fastest Growing Companies). Bob and Dan Wolfberg, PLS Presidents, were finalists for Ernst & Young’s 2010 Entrepreneur of the Year Award (http://www.ey.com). In 2011, Bob Wolfberg was recognized by Financial Service Centers of America [FiSCA (http://www.fisca.org)] as its Financial Service Provider of the Year. The company has also been twice honored with the Activa Award from FiSCA in recognition of its charitable efforts.

The PLS Group serves customers through its PLS Check Cashers stores, which offer check cashing, prepaid Visa® debit cards, money transfer services, money orders and bill payments; PLS Loan Store locations, which provide consumer short-term loans, auto insurance and tax-preparation services; and PLS Motor Vehicle Services facilities, which offer vehicle license and registration services.

About Communities in School Dallas Region, Inc.

Communities In Schools Dallas Region, Inc. (CISDR) is a non-profit organization founded in 1985 to address the growing number of high school dropouts in Dallas and surrounding areas. As experts in collaboration and in providing comprehensive case-managed services, CISDR’s professional staff brings community resources into schools to work in the interest of at-risk children in a coordinated, caring and cost-effective way. CISDR operates in 66 schools in ten school districts in five counties. For more information, visit http://www.cisdallas.org

About Western Union

The Western Union Company is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of approximately 485,000 agent locations in 200 countries and territories. In 2010, The Western Union Company completed 214 million consumer-to-consumer transactions worldwide, moving $ 76 billion of principal between consumers, and 405 million business payments. For more information, visit http://www.westernunion.com

About the Western Union Foundation

Through Western Union’s Our World, Our Family® signature program, the Western Union Foundation supports initiatives to empower people through access to economic opportunity. Recognized by the Committee Encouraging Corporate Philanthropy in 2009, the program is a five-year, $ 50 million commitment reflecting efforts made by Western Union employees, agents and partners around the world. Since its inception, the Western Union Foundation has awarded more than $ 73.8 million in grants to more than 2033 nongovernmental organizations (NGOs) in 120 countries and territories. To learn more, visit http://www.westernunionfoundation.org

###


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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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January 30, 2012

Bad Credit Car Loan Qualification Procedures Made Easier

Filed under: Car Loan — Tags: , , , , , — @ 6:57 am


Bad Credit Car Loan Qualification Procedures Made Easier

Easy Money For New Car

Fort Lauderdale, FL (PRWEB) January 10, 2012

The leading loans for bad credit comparison resource online, ReallyBadCreditOffers.com has simplified the process connecting consumers looking to finance the purchase of a new or used vehicle with lenders offering easy to get loans. The site has updated its offer comparison to make it easier for visitors to find the best auto financing for people with bad credit. The simpler system provides visitors with a faster, easier way to find the loans they need.

Car loans for people with bad credit makeup a competitive portion of the lending industry because the credit score and background checking that is traditional for a car loan do not apply since the vehicle is used as collateral for the loan. Visitors to the site are encouraged to compare the interest rates, terms and loan amounts offered by various lenders before choosing the best for their new purchase.

“When we can helping someone assay to recover from financial problems, by help them get the vehicle that will maintained them employed, there is great satisfaction for us,” said Ariel Pryor, loan expert, adding, “People that have disturbing getting financed for a vehicle buy, tend to get discouraged and give up before they realize all of the options that are available to them. Our primary goal is to inform the average consumer of the help available.”

Despite the higher risk that is typically associated with a bad credit score borrower, lenders compete aggressively for the business because of the higher interest rate returns. As an alternative to leasing a car for bad credit, consumers tin buy with financing. In most cases, car loan qualifications are made easier because of the security to money brought offered by the vehicle.

In addition the website offers financial advice and additional comparisons to aiding people look to rebuild, furnishing resources covering debt, credit card interest rates, personal loans, and credit repair. Additional resources provide explanations on how banks view credit scores and and how to serve to improve credit scores that can aid consumers qualify for better financial products and additional savings.

“It is important for people to know that, even with a low credit score, they still have options to get financing in today’s market,” said Pryor. Offer comparisons providing debt consolidation loans to reduce monthly payments and emergency loans can help consumers find immediate relief while other resources are provided to help people rebuild their finances over the long term.

About ReallyBadCreditOffers.com
The online bad credit lent resource was formed furnish populate the help make getting through tough financial challenge easy, and provide immediate assisting to people facing right now money problems.

Contact:
Ariel Pryor, Financial Expert
http://www.reallybadcreditoffers.com
(520) 344-2001

###


Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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January 28, 2012

What is the highest interest rate for a subprime auto loan?

Filed under: Auto Loan — Tags: , , , , , — @ 8:55 pm


Question by Jamie G: What is the highest interest rate for a subprime auto loan?
I have really horrible credit due to my divorce…like 400! I am working identical hard to build it backward up. I was “approved” for a subprime auto loan but I want to know what I tin expect the interest rate to be on an used auto. What is the high ( worst ) it can be? Are we talking 30% or more? I live in New York if that matters.Thanks so much for your help!

Best answer:

Answer by EskimoQ
Not certain. You’re best wager is to check with GE.



Add your own answer in the comments!

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January 24, 2012

PLS Plays Santa for 100 Students at Chicago’s Calmeca Academy

Filed under: Auto Loan — Tags: , , , , , — @ 2:56 pm


PLS Plays Santa for 100 Students at Chicago’s Calmeca Academy

Loading the gifts at the PLS Support Center

Chicago, IL (PRWEB) December 15, 2011

“Dear Santa: I would like a race car, a train and a blue sweater,” wrote one five-year-old student. “Can I please have purple gloves and a scarf, and for fun—coloring books?” wrote another.

Each December, the young students at Calmeca Academy of Fine Arts & Dual Language on Chicago’s South Side carefully write their letters to Santa Claus. This year, however, due to the slow economy, the school’s expected support, which in the past was used to buy gifts for the children, was not available.

PLS Volunteers to Play Santa

That’s when PLS stepped in, pledging to play Santa for the school’s kindergarten and first grade classes. PLS team members at the company’s Support Center headquarters and at its many Illinois stores made $ 25 donations (the cost of purchasing gifting for one child), and the company matched many of the contributions.

On Monday, December 12, wrapped gifts for 100 students were delivered to Calmeca Academy by Sandra Arizaga, Director of Operations, PLS Check Cashers/North Illinois; Jim Bradley, Director of Operations, PLS Loan Store/South Illinois; and Daniel Dorame, Director of Operations, PLS Loan Store/North Illinois.

Delivering to Students in Dire Need

With average household incomes just under $ 10,000, the students at Calmeca Academy of Fine Arts & Dual Language (http://www.calmecaacademy.org), at 3456 W. 38th Street in Chicago, face daunting challenges all year round. Almost 97 percent come from low-income families, nearly 15 percent are special education students, and more than a third are limited-English learners.

“We are astounded at the generosity and kindness of our friends at PLS,” stated Frances Garcia, Calmeca Academy’s main. “Thanks to their giving hearts, our young students will be able to enjoy a very merry Christmas, and will receive many of the basic necessities—gloves, scarves, boots—that they lack. PLS is an outstanding member of the community.”

“We’re just doing what good neighbors do, which is lending a hand to our neighbors in need,” said Bob Wolfberg, President, PLS. “On behalf of all the PLS team members who made gift donations, we’re very glad to help the students and staff at Calmeca Academy enjoy a happy holiday season.”

About PLS: People. Location. Service.

The PLS Group (http://www.PLShome.com), headquartered in Chicago, is comprised of more than 300 financial services centers in Alabama, Arizona, California, Illinois, Indiana, Mississippi, New York, Texas and Wisconsin, with more than 3,100 employees. PLS is one of the largest, fastest-growing and most telling organizations in the check cashing industry, and is a top performer for Western Union, a money transfer network.

The PLS mission is to provide innovative and convenient financial services delivered with the respect that hard-working consumers meriting.

PLS has been listed among Inc. magazine’s “5000 Fastest-Growing Private Companies in America” (http://www.inc.com/inc5000/name) for the past three years, and for three consecutive years has been named one of the “101 Best and Brightest Companies to Work for in Chicago” by the National Association for Business Resources (http://www.101bestandbrightest.com). For the past four years, PLS has been named one of Chicago’s Largest Privately Held Companies by Crain’s Chicago Business® (http://www.chicagobusiness.com), and was list among Crain’s “Fast 50” (Fastest Growing Companies). Bob and Dan Wolfberg, PLS Presidents, were finalists for Ernst & Young’s 2010 Entrepreneur of the Year Award (http://www.ey.com). In 2011, Bob Wolfberg was recognized by Financial Service Centers of America [FiSCA (http://www.fisca.org)] as its Financial Service Provider of the Year. The company has also been twice honored with the Activa Award from FiSCA in recognition of its charitable efforts.

The PLS Group serves customers through its PLS Check Cashers stores, which offer check cashing, prepay Visa® charging cards, money transfer services, money orders and bill payments; PLS Loan Store locations, which provide consumer short-name loans, auto insurance and tax-preparation services; and PLS Motor Vehicle Services facilities, which offer vehicle license and registration services.

About Calmeca Academy of Fine Arts & Dual Language

Calmeca Academy, located at 3456 W. 38th Street in Chicago, offers classes to students from pre-kindergarten through middle school. The academy’s mission is to shape respectful, responsible lifelong learners who demonstrate attributes of inquisitive, self-motivated learners equipped with linguistic, cultural and artistic experiences that support and pave the way to success. For more information, visit http://www.calmecaacademy.org

###


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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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January 23, 2012

Credit Union Auto Group Offers Lender Approval for Trade-In Protection Program

Filed under: Auto Financing — Tags: , , , , , , , , , — @ 4:58 am


Credit Union Auto Group Offers Lender Approval for Trade-In Protection Program

Jacksonville, FL (PRWEB) December 22, 2011

Family First Dealer Services LLC announced today that Credit Union Auto Group (a wholly owned subsidiary of First Jersey Credit Union) is now added to the list of growing lenders offering the Trade-In Protection product for sale through its’ motor vehicle / retail installment dealer network.

Trade-In Protection is a F&I product which provides a benefit of up to $ 5,000** towards a customers’ potential negative equity, when they return to the original selling dealer to trade-in and purchase another vehicle. The TIP program provides assistance if they owe more than what their vehicle is worth, or is “upside down.”

“We are extremely excited to rim away with TIP,” said Jim Milhaven, President and CEO of CUAG. “We are aggressively growing our indirect business in the New Jersey* market and the TIP program helps our members and our dealers with a very real issue they are facing in negative equity.”

TIP combines the retention benefit of a lease – but applied towards a seeded contract – giving the consumer a way to minimize or eliminate their negative equity on trade-ins. Additionally, the benefit encourages repeat business for the dealer as the benefit is redeemable only at the original selling dealership during the trade-in process. The program is offered on new and used vehicles as an optional F&I program, a blanket program and a combination with benefit levels from $ 1,000 – $ 5,000.***

“We are looking forward to a strong partnership with Credit Union Auto Group and First Jersey Credit Union,” said Tony Wanderon, President and CEO of Family First Dealer Services. “Having been so deeply involved in the development of GAP over the past 23 years, we feel strongly that our new Trade-In Protection product could far exceed GAP in its appeal to customers who finance with dealers nationwide.” We are excited to partner with Jim and his team to help them expand their ever growing presence in the indirect lending channel.”

About Credit Union Auto Group – CUAG is a wholly owned subsidiary of First Jersey Credit Union, and serves as the indirect auto loan channel for First Jersey Credit Union. FJCU was founded in 1929, and is one of the largest Credit Unions in New Jersey. Their mission is to meet the growing and changing financial needs of their membership by maintaining a sound financial position to protect their members’ investments and to deliver financial products and services in a friendly, convenient and personalized atmosphere. “Not for profit, not for charity, but for service.”

About Family First Dealer Services – Based in Jacksonville, Florida, FFDS provides F&I products, administration, consulting, training, and marketing support to insurance companies, financial institutions, independent agents, auto dealers, and auto manufacturers nationwide. Their core focus is on increasing partners’ profitability by providing unique F&I product offerings and services including Trade-In Protection (TIP), Guaranteed Asset Protection (GAP) and full line F&I products.

All inquires on the Trade-In Protection program can be directed to:
Brian Olson
VP of Sales, NA
bolson(at)tradeinprotection(dot)com
(913) 907-7570 direct
http://www.tradeinprotection.com

*CUAG / First Jersey Credit Union is accepting indirect loans in New Jersey only, per the FJCU lending terms and conditions. TIP is not available in New York.
**$ 5,000 max benefit on new vehicles / $ 3,500 max benefit on used vehicles
***Program and coverage may vary by dealer/state/lender. Please refer to the TIP Agreement for additional terms, conditions, limitations and exclusions.
SOURCE Family First Dealer Services, LLC

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