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Building Credit with an Auto Loan

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Auto Masters

Whether you’re working on improving your credit health after a bankruptcy or just getting started as a borrower, making car payments on an auto loan is an excellent way to establish or build your credit score.
Before you take out that big home mortgage loan, business loan or finance that designer furniture set, you need to prove to lenders that you’re creditworthy.
Car loans help you do just that for the following reasons.
Auto Loans are Installment Loans
When lenders and credit reporting bureaus look at your credit history, they want to see a good mix of installment loans and revolving credit. Revolving loans include credit cards and home equity loans. Installment loans include student loans, mortgages and auto loans. In most cases, it’s not feasible (or wise) to take out a student loan, home mortgage or home equity loan simply to build your credit. It’s much easier to qualify…

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Ah…the Joys of Driving!

A wonderful post and excellent example of how to make a kid’s day a memorable experience that they’ll remember a lifetime.

Raising 5 Kids With Disabilities and Remaining Sane Blog

gokarts

When I was young, there were a few small amusement parks within a short drive. Ones where the “big” roller coaster had one big dip, nothing much else. And a carousel made in the 14th century, (or so it seemed judging by the music and the outdated horses.) My favorite ride was the “turnpike”. I would get into an impressive, albeit cheap imitation, of a real car. It had a real gas pedal and a real brake and a steering wheel that actually steered the car! (It also DIDN’T have a metal rod in the middle of the road to guide the driving, OR a seat belt!) I would proudly drive up and over the hills and around the bends, expertly stopping at the end without hitting the car in front of me. I had illusions of driving a “real” car when I was older.

And so it was with…

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The Cities Where No One Wants to Drive

Is your city on the list?

24/7 Wall St.

536011647Roads are the arteries of the nation, and the automobile has been the centerpiece of American culture for decades. Despite Americans’ love for their cars, however, the rush hours are no more pleasant, and not everyone wants or can afford a car. According to the U.S. Census Bureau, 9.1% of American households did not own a car in 2013.

According to a review of carless households in American cities, residents in some urban areas are far less likely to own a vehicle. In New York City, 54.4% of households did not have a car, the highest percentage nationwide. Based on the percent of households who did not own a vehicle in 2013, these are the cities where no one wants to drive.

Click here to see the cities where no one wants to drive

The concentration of businesses and people plays a major role in both traffic congestion and in…

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