Category: Poor Credit

Cheapest New Cars to Own with Poor Credit

We review the latest list of new cars that make up the 5-year Cost to Own Award Winners from KBB.com and narrow it down to those that are most affordable for borrowers with credit issues. Financing New Cars with Bad Credit Since new cars come with full manufacturer warranties in addition to their new car […]

Can I Get a Mortgage With Bad Credit?

Prospective homebuyers may be surprised to hear that bad credit wont necessarily shut them out of the market completely. It is possible to get a mortgage with a subpar credit score — but your options are going to be limited and youre most likely going to pay in fees and/or interest. What Score Do I Need? […]

DPS school board rejects state loans

DETROIT – The Board of Education for Detroit Public Schools rejected two loans Monday morning in an attempt to block the massive financial rescue plan passed in Lansing and signed by the governor. The two loans total $385 million in seed money for the new district. One loan carries an interest rate of 10 percent […]

Are We Heading for Another Housing Crisis?

Ten years ago, a storm was brewing in the housing market. Lenders were handing out mortgages seemingly to anyone who applied, and in many cases, borrowers werent asked for documentation to prove income. Some institutions rolled out adjustable-rate mortgages that featured teaser rates and were marketed to consumers as loans that could be easily refinanced […]

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