As the mortgage crisis gets worse, pensioners are finding it increasingly difficult to keep making their payments on motor loans and other loans. There is little available equity that could help pay off a motor loan and for many there are few options when it comes to paying down their motor loan to avoid defaulting […]
A simple guide to Motor Loans
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US Housing Market Fueling Motor Loan Problems
Posted on June 19th, 2008 by Bright Light
As the housing market worsens in the US, the motor loan industry is feeling the pinch. New motor loans are not being approved by banks in many cases, and even those with established track records are finding it impossible to get a new motor loan. Until the housing market changes, this may be the future […]
Motor Loan Problems Affecting Insurance Industry
Posted on June 13th, 2008 by Bright Light
Although many had hoped that auto insurance would not be affected by problems in the motor loan industry, it appears as though the first ripples of trouble are appearing. Right now, it is more expensive than ever to get insured, if you do manage to secure a motor loan. Those affected the most appear to […]
Motor Loans Getting Difficult to Find
Posted on June 4th, 2008 by Bright Light
Mortgage companies that also offer motor loans are making it increasingly more difficult to get financing at this time. All aspects of the motor loan industry have been hit hard by the housing crisis, especially since so many banks offer both types of loans. Homeowners have struggled to keep making payments on their motor loans […]
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