Four Guaranteed Car (money market news) Finance Myths

February 1st, 2010 admin Posted in finance |

By William Penworthy

Perhaps you have heard of guaranteed car finance? Possibly you have already considered the idea of taking out guaranteed car finance, maybe because you have already been declined car finance or car loans elsewhere?

Certainly if your credit is not brilliant you may find it difficult to obtain credit in many places, and even your bank may well turn you down for a car loan. The past year or two has been fraught with difficulties, pressures from work, lost jobs, interest rates soaring, and creditors becoming increasing desperate and insistent.

Those companies previously only too willing to shower us with offers, enticing us to take out credit, apply for credit cards, loans and other finance packages have become increasingly twitchy and far more reserved.

Even those people with mildly poor credit histories are finding it hard to obtain credit in the way that seemed quite easy only a couple of years ago. If you’ve been forced to miss a few payments, paid a few bills a bit late, maybe even defaulted on a loan, your credit history will have this recorded, and it is this which may well be stopping you from getting car credit finance.

On the other hand you may very possibly have emerged from the past two years debt free, having never paid a bill late or had any credit cards or loans. If you have no credit history at all, because you’ve never previously had a credit card or loan, then you may well find yourself being declined for credit and for car finance packages. Why is this?

It may seem unfair, but from the point of view of the car finance companies and other financial lending institutions, you’re an unknown quantity - a completely unpredictable risk, and in the current economic climate, an unknown or unpredictable risk is not acceptable.

So for all sorts of reasons you may have found yourself considering a guaranteed car finance deal. But what should you be aware of, what should you look out for, and what are the common assumptions or misunderstandings relating to guaranteed car finance arrangements? Here are the top four myths or misunderstandings about such arrangements:

1. One of the myths relating to guaranteed car finance is that the whole idea of guaranteed car finance is a myth! It’s true - people don’t believe it really exists, and in spite of the adverts, the leaflets, the campaigns, the websites and the posters, many people don’t even begin to pursue the idea because they believe that it’s just an advertising ploy, and that there will be a catch, or that it won’t apply to them. The shame is that almost every one of these people who give up before they’ve even begun could well have found that they’d be able to obtain car finance, and could be happily driving around in a new car rather than moping dejectedly about how unfair life is!

2. Another myth is that any guaranteed car finance arrangement will rule out the possibility of finding cheap car finance. People often assume that any guarantee implies steep interest rates and fees. This isn’t the case - at least not with reputable finance firms. You’ll always find a few less reputable companies unfortunately, but if you shop around you’ll be surprised. Just because it’s guaranteed doesn’t mean you’ll be offered a higher interest rate - it just means that the car is used to secure the loan instead of your credit history and reputation.

3. People who have perhaps previously dipped their toe in the water may have discovered a firm offering guaranteed car finance, but with a catch. The catch can be that you’re only allowed to spend the car loan on one of the few selected vehicles offered from the finance company’s own showroom. This means that you have no flexibility on price, and a very restricted choice of vehicle. However, this doesn’t have to be the case, and there are plenty of car finance firms who will be happy to offer a guaranteed car finance deal, but who will still let you choose any car you want, from any dealer you want.

4. Some people believe that having a guaranteed car finance arrangement can harm your credit history, since future credit companies may consider it a sign that you have not had a good credit rating previously. This is complete rubbish, since firstly no other company is going to know whether the car loan was guaranteed or not, and in any case, as long as you keep to the payment arrangement you’ll actually be doing your credit rating a great deal of good. Every time you make a payment on time, your rating increases, meaning that a guaranteed car finance arrangement can not only help set you free from your old banger, but can actually help put your low credit rating behind you, increasing your credit score and your chance of obtaining credit in future.

Guaranteed Car Finance http://www.carloan4u.co.uk/ Cheap Car Finance

VA refinance is coming up these days in full swing

By Jeremy Fisher

The VA streamline refinance home loan also known as an interest rate reduction loan or irrrl, is without a doubt the best mortgage refinance loan on the market as said by many that are using it. Absolutely no other refinance loan program is as simple and easy to qualify for. This refinance program is a government backed mortgage loan for active duty and prior service veterans who already have an existing VA loan. It provides you a fast, simple and hassle free way to refinance your current VA home loan so that you can take advantage of lower interest rates. Credit qualifying is not required. This means that even if you have bad credit, as long as you have not had more than 1 thirty day late mortgage payment in the last 12 months you will not have to worry at all.

VA loan rates have fallen to levels our country has not seen in years. If your current loan rate is higher than 5% then you may benefit from refinancing so it wont be an issue.Now is an excellent time to refinance your home because mortgage rates, including VA loan rates, have dropped as the fed attempts to get the economy back on the right track. If you currently have an adjustable rate VA mortgage you must seriously consider taking advantage of this opportunity to refinance it into a permanent, low fixed-rate… or, if you already have a fixed-rate VA loan, refinancing may allow you to save a hundred dollars or more on your current monthly mortgage payment.

Sometimes you require additional cash now, for a real need and then you do not know where to look. Perhaps you need at or whom to go for help, to pay college tuition, or perhaps it’s time to make improvements that will increase the value of your home prior to sale and resolve all your problems at once. Maybe you just want to take advantage of lower interest rates so you can keep more of your hard-earned money in your own pocket.It may be the time to consider the many options available for refinancing your VA Home Loan.

The VA has created a program called the Streamline Refinance to provide a way for current VA homeowners to lower their interest rate with little or no out-of-pocket costs which is a very good facilty that can be used by all its members with ease. These loans can also be made faster and with less documentation than a typical loan. An Interest Rate Reduction Loan or Streamline Refinance allows you to refinance your current mortgage interest rate to a lower rate than you are currently paying and lower your burden of monetary tensions. It will make you feel good and at peace with you mind.This is only available to veterans who are refinancing their original VA mortgage and utilized their original eligibility not for all members.

No assumptions are allowed and the veteran cannot receive any cash back so that is the problem. VA streamline refinance does not require an appraisal, any income or employment verifications, no credit report and no termite report, yet the mortgage must have been paid as agreed for the last twelve (12) months and must be up to date at the time of refinancing so you have so many huge benfits to look forward to. Any other liens must be subordinated to the VA home loan.

Regarding VA streamline refinance Jacob Strong has been into it for years now. He has been very capable in guiding people along in cases of VA home loan queries and you can read more of his articles about veteran home loan refinance on the web links given online.

Panjtan-I Pak

By Ibrahim Machiwala

”Panjtan-i Pak (the Blessed Quincunx), Ashbah al-Khmsa (the five shadows) or Ashab al-Kisa (persons of the mantle) is a term coined for the five holy bodies, i.e., the Prophet, Ali, Fatima, Hasan and Hussain. They were created out of the substance of Illiyyun (Bihar al-Anwar, 25:10). The Koran (83:18) says, “Nay! Most surely the record of the righteous shall be in the highest places (illiyyun).” The word illiyyun is the plural of illiy or illiyyah. It is derived from the Hebrew elyou meaning the highest. These five holy bodies were conceived in their mystical dimension as being a Light that God created before the creation of this universe. The Light descended in turn upon Adam and then upon each of the prophets until it became embodied in five holy bodies.

According to Bihar al-Anwar (25:24), “When God created Adam, the father of mankind, and breathed His spirit into him, Adam looked to the right hand side of the empyrean. There he saw five figures in the form of silhouettes. He asked: “God, have You created any one from the dust before me?” God replied: “No.” Adam said, “So who are these five figures which I see resembling my own shape?” God answered, “These are five of your offspring. If it were not for them, I would have not created you. They are five people whose names are derived from My Own. If it were not for them, I would have not created paradise or hell, the heavens and the earth, the skies and the lands, the angels, the human beings and the jinn. I am “Mahmud” and this is Muhammad. I am “Aala” and this is Ali. I am “Fatir”and this is Fatima, I am “Ihsan” and this is Hasan. I am “Muhsin” and this is Hussain. By My Glory, whoever bears even an atom’s weight of grudge against them will be cast into hell. O Adam! They are My chosen ones. For them, I will save or cast others to perdition. If you want anything from Me, you should resort to these five people.”

In the Tafsir of Tabari (12:5), it has been quoted from Abu Sa’id Khudari that the Prophet said, “The Koranic verse (33:33) has been revealed about five persons namely, myself, Ali, Fatima, Hasan and Hussain.” In Mushkilul Athar (1:332), Umm Salama is quoted as saying, “This verse was revealed with regards to the Prophet, Ali, Fatima, Hasan and Hussain.”

Mumtaz Ali Tajddin S. Ali is an popular Ismaili Scholar, He has written many articles on Ismaili Imam, Ismailism, and Panjtan-I Pak from Encyclopedia of Ismaili.

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