Most Overlooked Facts About Used Cars

Used car dealers are the largest source of used cars nationwide since they offer a lot of variety and choices, offer financing deals, and even throw in maintenance services including road-side assistance for free. Aside from all these, it is deemed better to buy from registered car dealers and is even safer for consumers compared to buying from private dealers.

Registered Car Dealers
It is important to check the credibility of used car dealers before being sweet-talked into buying a used car that you do not even need. Registered car dealers may be checked for records of bad deals in consumer welfare government offices. Also, registered car dealers offer extended dealer’s warranty which is greatly beneficial to the buyer. The extended warranty stretches long after you have acquired the vehicle. They also protect their business and the consumer by providing title guaranteed against stolen vehicles since the government implements strict laws against the sale of stolen vehicles. Larger used car dealers may also offer financial assistance at low interests and varying time periods. This makes car payments easier on the budget-savvy buyers. Trading in your old car for a newer vehicle is also an option that car dealerships may propose. When planning to sell your car, this may be one of your best options since it takes away the worry of looking for perspective buyers for your car. Further, a dealer’s compensation fund that protects consumers from defective vehicles is also provided by car dealerships. Consumers who buy vehicles from registered dealers are also protected by the government through numerous consumer protection and business acts.

Despite all these, consumers must still be aware at the risks of buying used cars from even the most reputable car dealer. Inevitably, used car dealerships are not charitable institutions but in the competitive business of selling used cars, used car dealers are more interested in gaining more satisfied customers rather than earning large profits. Nothing sells better than referrals made by satisfied customers. Before selling a pre-owned car, car dealerships first thoroughly inspect the vehicle then if feasible, repair the car and make it fit to be sold.


Can You Erase Bad Credit?

Advertisements claim that you can erase bad credit from your credit report. There are many companies which offer bad credit help and sometimes it is hard to believe their claims. News about credit repair clinics being investigated for fraud make people fearful and suspicious. Some companies offer bad credit help for a small fee in a very short amount of time and some charge large fees and seem to offer very little. How to erase bad credit guides can be purchased for a little or a lot. There is bad credit help that is legal and worthwhile, but sometimes it may be hard to find.

Some experts say that there is nothing you can do to erase bad credit reports. While it may take some effort, it is possible to have negative items removed from your credit report. If the information is outdated, inaccurate or unverifiable, you can dispute the information, by contacting the appropriate credit bureau. If the information is accurate, you may still be able to have certain items removed. For example, if you have had late payments in the past, but are currently making payments as agreed, then you can contact the creditor and ask them to remove the information related to the late payments. This is called good will negotiation and some companies which offer bad credit help use this technique to improve credit scores.There are illegal techniques which are recommended by some companies which claim to be able to erase bad credit. File segregation or using an employer identification number rather than a social security number are examples of these techniques. If you are looking for bad credit help, you do not want to create more problems for yourself. It is important to find out up-front exactly what a company will and will not do. Just as important is to have the exact fees disclosed before you agree to sign up for services. Some companies which offer bad credit help charge a “per item” fee, a yearly fee and/or a monthly fee. Attempts to erase bad credit and improve credit scores will pay off in the long run, because lenders will charge you lower interest rates. But, if several companies offer the same legal services, then there is nothing wrong with choosing the company that offers the lowest fees.Some companies which offer bad credit help also offer credit monitoring services, which will notify you (by computer) of changes in your credit scores. If you are currently hoping to buy a home or make another major purchase, this can be a valuable service. As your credit score improves, your chances of being approved for a low interest loan will improve as well. If you are looking to erase bad credit information, you may get more for your money by looking for companies which offer additional services such as credit monitoring and identity theft insurance. Attempting to erase bad credit on your own may be time consuming and frustrating. This is the real reason that companies offer bad credit help. While they may be able to do nothing to improve your credit score that you could not do on your own with time and self-education, they may be able to make the whole process a little easier.


Real Estate Investments – How to Be Successful

Successful real estate Investors know they can create long term wealth through buying and holding real estate as rentals. Everyone wants to be successful, but everyone isn’t. Why? It may be because they don’t have a plan. There is an old saying, “people don’t plan to fail, they fail to plan”.check site  real estate investment training programs

The first element of that plan has to be putting together a team of people to help you accomplish your goals. You have to remember that being a successful real estate Investor requires that you have a TEAM in place. Investing is not a solo sport.

Let’s take a look at who we will need on our TEAM. All of these people are extremely important and need to be in place before you buy your first property.

Coach/Mentor – Every successful entrepreneur needs a good coach or mentor. By training under the watchful eye of someone who is successful, you will gain valuable knowledge and reduce the risk of failure.

Realtor/Wholesaler – This is the person who will find the property for you. Some people chose to work with a Realtor and some a Wholesaler, but basically they do the same thing, they find great deals!!! If you are working with a Realtor, they should be experienced in dealing with foreclosures. Banks want to unload these properties, but you need a Realtor that has had experience in negotiating deals with the banks. If you are working with a Wholesaler, they either already own the property or at least control it. Both of these people can determine the value of the property after it has been repaired. Both can advise you on improvements that should be made to get the house rent ready as soon as possible.

Lenders – Before you even think about buying a piece of investment property, you need to know ahead of time what lender you are going to use. Being able to get refinanced is crucial to the process. You do not want to buy a piece of property and then find out you can not get it refinanced. This is one of the biggest mistakes Investors make. They buy a property with their own money or use a line of credit, and then they can’t refinance and get their money back. Basically, you want to buy the property with hard money, rehab it, and then refinance to your permanent loan. Financing for investment property is very challenging, which is why it is even more important than ever to have a lender on your TEAM. This person may change, but you will always need to have a relationship with someone that you know will refinance your deals, whether it is house number one or number fifty.

Closing Attorney – A good closing attorney is invaluable. Call around and see what they charge to close a deal for you. By using hard money to buy the property, rehabbing it, and then refinancing it, you will have two closings. The first when you initially buy the property and the second when you refinance. That being said, you want to develop a relationship with a closing attorney that understands real estate investing, provides their services at a reasonable rate, and can close quickly.