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Loans

TikToker Got Rid Of Her Chevy Tahoe After Paying Over $50,000 In Interest

by Adesola Mojo
TikToker Got Rid Of Her Chevy Tahoe After Paying Over ,000 In Interest

Auto loan debt is at an all time high. While some of the blame for that can be put on things like stubbornly high interest rates and ever increasing car …

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Categories Automobile

Simple Car Repair Could Mean Financial Ruin For 1/3 Americans

by Adesola Mojo
Simple Car Repair Could Mean Financial Ruin For 1/3 Americans

About a third of American households, according to a survey from the Federal Reserve, don’t have $500 in their savings accounts. Because we live in a car-centric society, having your …

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Categories Automobile

Justice Clarence Thomas Bought RV With Loan That Was Forgiven

by Adesola Mojo
Justice Clarence Thomas Bought RV With Loan That Was Forgiven

A Senate inquiry found that Justice Clarence Thomas failed to repay most, if not all, of a quarter million dollar loan that funded the purchase of his 40-foot RV. 2023 …

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Categories Automobile

Possible Funding Issue Leads to Suspension of Credit Acceptance Suit

by Adesola Mojo
Possible Funding Issue Leads to Suspension of Credit Acceptance Suit

Image: mangostock (Shutterstock) The increase in car prices has come with more predatory loan practices, since so many people are trying to buy cars they can’t afford. Credit Acceptance has …

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Categories Automobile

IDFC First Bank Reports Impressive Q1 Results: Net Profit Surges by 61.3% YoY to INR 765 Crore, Net Interest Income Shows Strong Growth of 36%

by Craig Fedirighi
IDFC First Bank Reports Impressive Q1 Results: Net Profit Surges by 61.3% YoY to INR 765 Crore, Net Interest Income Shows Strong Growth of 36%

MUMBAI – IDFC First Bank Ltd reported a 61.3% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 765 crore. Total income from operations grew 43.3% …

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Categories Business

Remember to Include These Crazy Interest Rates in Your Car Budget

by Adesola Mojo
Remember to Include These Crazy Interest Rates in Your Car Budget

There are some really good signs that the car market is finally shifting back to favor the buyers. Dealers are sitting on a lot of inventory, and deals are especially …

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Categories Automobile

Increasing Number of U.S. Buyers Face Difficulty in Obtaining Car Loans

by Adesola Mojo
Increasing Number of U.S. Buyers Face Difficulty in Obtaining Car Loans

After all the supply chain constraints of the last few years, supply of new and used cars is finally stabilizing at dealers. Prices are also reportedly leveling off, but, now, …

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Categories Automobile

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