February 18, 2009I read today on cnnmoney.com that President Obama is unveiling a $75 billion multi-pronged plan today that seeks to help up to 9 million borrowers suffering from falling home prices and unaffordable monthly payments. The long-awaited foreclosure fix marks a sharp departure from the Bush administration, which relied mainly on having servicers voluntarily modify troubled [...]
Posted in Loans 
No Comments »
February 9, 2009Before I tell you about this, I must preface it by saying that this has not passed yet. But when and if it does, I will post it so please keep checking back! It’s no secret that car sales are down. Most consumers just can’t afford to buy a new car. Mechanics are doing a [...]
Posted in Loans 1 Comment »
January 8, 2009Like most of you, I’ve been hearing a lot lately about the new Assurance program from Hyundai, the Korean car-maker. It’s too early in the game for me to review it, but I can give you details. Honestly, the deal sounds like a good one, and in this economy, I give Kudos to Hyundai for [...]
Posted in Loans, Tips 1 Comment »
December 22, 2008I’ve been hearing a lot of buzz that the best time to buy a car, because of all the money-saving deals, is between December 25th and January 1st. So I decided to talk to a couple contacts I have in the auto industry to see if it was true. According to them, it is. Dealerships [...]
Posted in Loans, Tips No Comments »
November 25, 2008With the price of an average new car well over $25,000, buying a vehicle is, indeed, a big decision these days. Fortunately, there are ways to keep your costs down. Buy used instead of new. This could save you thousands of dollars right off the bat. Yes, you’ll want to have the vehicle carefully inspected. [...]
Posted in Loans, Tips No Comments »
November 21, 2008I’m in a conundrum. My car’s warranty is expiring in a few months. I’ve been really spoiled these last few years with not having to pay for repairs to my car. But what do I do when I don’t have that luxury anymore? What happens if my car breaks down? My options are: Get a [...]
Posted in Loans, Tips No Comments »
October 31, 2008Do me a favor. Go look through yesterday’s mail and count how many credit card and personal loan offers you received from banks or lenders you’ve never even heard of. And, of course, there are the ones from that “bank” that asks “What do YOU have in your wallet?”. I often wonder how large their [...]
Posted in Loans 1 Comment »
October 27, 2008Have you ever applied for a loan and you didn’t get that extremely low rate that was advertised? That’s probably because of your FICO score. Typically, financial institutions partially base credit decisions on your FICO, or Fair Isaac and Company, credit score. Credit scores range from 300-850, the higher number being the best. The higher [...]
Posted in Loans No Comments »
October 20, 2008Let’s face it. Auto dealers are having a really difficult time selling cars. Even the top dogs are suffering – GM, Ford, Chevrolet and Toyota, to name a few. So what are they doing to get cars off their lots? Making really sweet deals for car shoppers. When shopping for an auto loan, you want [...]
Posted in Loans No Comments »
Marnie Nemcoff is the Vice President of Marketing for Matadors Community Credit Union. She has worked in the banking industry since 1989, and has been with credit unions since 1997.
