Is the Recovery of the Baltic Economies a "Success Story for Austerity"? Lessons for US Fiscal Policy

While EU members along the shores of the Mediterranean struggle with a seemingly endless slump, others who dip their toes in the Baltic are making a strong comeback. As the following chart shows, real GDP growth in the Baltic 3—Estonia, Latvia, and Lithuania—has recently run well above the euro area average. Meanwhile, the Med 4—Greece, Italy, Spain and Portugal—continue their downward trajectories. Official forecasts call for their economies to bottom out in 2014, but predictions have been wrong before.



Some readers might object that this chart is misleading, since, to facilitate comparison, it shows output in all of the economies on a scale with 2004 equal to 100. Isn’t it simply the case that the Baltic countries are much poorer, and it is easier to grow from a low base? Besides, what is there to brag about when real GDP in the Baltic 3 hasn’t even gotten back to its pre-crisis peak? >>>Read more

What Should We Do About China's and Japan's Currency Manipulation?

Recently a bi-partisan group of 60 U.S. Senators made headlines with a letter to Treasury Secretary Jack Lew. The letter urged him to add a clause to the proposed Trans-Pacific Partnership (TPP) trade agreement prohibiting currency manipulation. The Senators cited a Peterson Institute study that claimed currency manipulation had cost the United States 5 million jobs. Subsequent discussion of the issue focused on China and Japan as the biggest manipulators. How big is the threat? What should we do about it?

China’s traditional currency manipulation

There is no doubt that China is a currency manipulator in the traditional sense that it treats its exchange rate as an explicit goal of economic policy. It shares this distinction with other countries whose currency regimes are of the “fixed” or “managed float” varieties. We could quibble about which of these categories China belongs to. Its currency regime is less rigidly fixed than, say, the currency boards of Bulgaria and Hong Kong, but less flexible than the managed float of, say, Russia. Either way, as the following map shows, currency manipulators—the light green and blue countries—are clearly in the majority among the world’s economies.



What is at issue, then, is not whether China is a currency manipulator, but rather, how effective its manipulation is and whether and how that manipulation poses a threat to the United States. Over the past three years, I have written a series of posts [1] [2] [3] arguing that China’s currency manipulation has not been highly effective and that the harm done to the United States is often exaggerated. >>>Read more

How to Get Bad Credit Auto Loan Refinancing

Usually people with a bad credit record find it difficult to get an auto loan. Most loan providers are reluctant to release a huge amount to people with poor credit rating. In addition, automobile loans for applicants with bad credit will have much higher interest rates compared to normal auto loan interest rates. This is due to the risk of repayment by people with bad credit is much higher.
Nowadays, demand for the credit card and loan is on the rise. The money lenders start to opt for the credit scoring which is based on the mathematical algorithm. This algorithm is designed to assess the credit worthiness of applicant. This credit rating is much effective tool to measure the level of the risk to approve the loan application compared to previous criteria.
If you have higher the credit rating, the more chances you will get the loan application successful. There are some factors like delay in payment, unpaid, etc will certainly deteriorate your credit ratings. There are major three agencies like Experian, Equifax and TransUnion which provide the credit ratings services for you. People with poor credit are still possible to repair their bad credit records. First of all he should take time to review his credit reports which he can get it from reporting agencies as mentioned above. He should examine whether there is any mistake in the credit report. He must check properly to find out any pending payment which is not reported earlier.
If you want to apply for the automobile refinancing, you should select the suitable auto car loan at lower interest. The bad credit auto loan is beneficial to those who have poor credit ratings. Before applying for the loan, applicants should investigate whether the company offers the good interest rates or not. Online bad credit loan service is the best option to apply for your loan refinancing.
Before signing the loan contract, people should go through the whole agreement to avoid any misunderstanding. Furthermore, to apply for the new auto car loan, he must estimate the value of the car also. There is minimum car value required by each loan lenders. The car value should be at least worth that specified value.
Poor credit auto car loan is now reachable easily online. Many loan companies nowadays understand that more and more people do not have perfect credit ratings. Many people actually do not know this bad credit auto loan is actually very popular among car lenders nowadays.
With little understanding of bad credit auto loan, it is possible for you to own a car now. Nowadays, you can find out much lower interest rate auto car loans online compared to you get the bad credit loan from the market. Most of the car loan online lenders will provide application details to let the people with poor credit record also can get the loan successfully.
With automobile refinancing, you can also take opportunity to improve your credit ratings. The secret is choosing the cheapest loan repayment that you can afford and carefully making repayment to the auto loan timely.
In conclusion, auto loan refinancing not only provides you a chance to own your dream car but also giving you a chance to repair your credit records and save more money from higher interest rate you are having. Auto loan refinancing is also much easier to apply for compared to other types of loan. If you are familiar with debt consolidation strategy, this is another good option for your to improve your overall financial status.

Bad Credit Auto Loan: Keeping Bad Credit History Aside

Bad credit auto loan is in style since decade and many lenders offer a range of cheap yet competitive secured and unsecured loans. With an estimated one in six people having a terrible credit history in the UK, lenders have specially developed a loan package for people of such background. Bad credit auto loan is gaining popularity nowadays because it provides solution for those having dubious credit record.
If your credit record is less than perfect then getting a loan from high street lender can be difficult. A bad credit history can result from defaults on payment, bankruptcy, previous mortgage arrears, county court judgements (CCJ) or through difficult financial situation caused by redundancy or breakdown of a relationship. Bad credit auto loan [http://www.bad-credit-auto-loan.co.uk] can be obtained despite your horrible credit scores.
Bad credit auto loan can be secured and unsecured loans. A secured bad credit auto loan is secured against your property by offering collateral. The advantage of bad credit auto loan is that borrowers have to pay less interest rate as compared to unsecured bad credit auto loan interest rates. Payment duration ranges from five years to thirty years. So, it is convenient for the borrowers to pay off the loan early.
Unsecured bad credit auto loan is not secured against any property. Interest rates of bad credit auto loan are on higher side. Loan process is fast and simple. Since bad credit auto loan is a short term loan, it is ideal for car financing.
However, choice is yours, whether you borrow secured bad credit auto loan or unsecured bad credit auto loan, the motto is to get the best deal.

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting E-secured-Loans as a finance specialist.

As We Move into Budget Chaos, Just How Bad is our Fiscal Policy?

Those of us who live in the United States woke Tuesday morning to a “partial government shutdown.” Partial means, roughly speaking, that air traffic controllers go to work but park rangers do not. The shutdown is the result of the failure of Congress to pass a budget—or in lieu of a budget, a continuing resolution—in time for the October 1 start of the 2014 fiscal year.

Even if the shutdown is resolved in the next few days, another round of chaos looms at mid-month, when Congress must authorize an increase in the debt ceiling in order for the government to continue making interest and principal payments on debts that the same Congress previously authorized the government to accumulate.

Many conservative Republicans say that measures like government shutdowns and debt-ceiling freezes are necessary because taxation and government spending are out of control and public debt is rapidly  becoming unsustainable. How much truth is there to those charges? Just how bad, really, is U.S. fiscal policy, and what should be done to fix it? >>>Read more

No Down Payment Auto Loans – The Perfect Solution for buying a Car without Down Payment

Name: Jim Shelton
Age: 32 Years
Income: $1500 per month
Goal: Car Financing at Affordable Rates
Problem: No Money to make Down Payment

Now, Jim’s problem is not an uncommon one. Many car buyers are troubled by the thought of putting money down. If you are one of them, this article can be your savior. Stop getting distressed by down payment. You can avoid the terrible down payment amount and that too, without making any exorbitant payment towards interest.

Solution: No Down Payment Auto Loans

No down payment auto loans are ideal for Jim or any other car buyer who wants to avoid the trouble of making a huge down payment.

Even though down payment is necessary for any car purchase, making cash down payment means doing away with your savings. And in today’s economy, giving away savings is like giving away your financial security. Also, it is not necessary that every car buyer has a car to trade-in or gets rebates to make down payment. Understanding this, lenders have brought a solution in the name of No Down Payment Auto Loans.

What are the Benefits of No Down Payment Auto Loans Program?

1. Car Buying possible for Everyone
2. No need to part with your Savings
3. Low Rates due to Intense Competition
4. No Down Alternative available on New Cars as well as Used Cars
5. Part-Time Income is acceptable
6. Minimal Paperwork
7. Credit Score is not the only Factor considered.

What are the Requirements for getting approval on No Down Payment Auto Loans?

Don’t fall prey to lenders who say that anyone can qualify for their affordable car financing options. It is not true. Such websites may sell your data to third parties. So, stay away from them.

There will always be a few requirements which you need to fulfill in order to get no down payment auto loans option. Lenders are taking a risk by providing car financing. So, they need to know your financial condition before taking any decision. It is for this reason that lenders require your financial information.

To get approved for 0 down car loans, you should have:
1. Age Proof – You must be at least 18 years old
2. Valid SSN
3. Regular Income – Most Auto Financing Companies don’t consider SSI
4. Stable Employment
5. No Repossession or Bankruptcy in recent past.

Now, Jim can get no down payment option easily. It is because his profile satisfies the requirements for getting approval. If you have a stable income and job, you can get no down payment auto loans. Do not worry about your credit history. Lenders know that many car buyers have a troubled credit history because of 2008 recession. And, that’s why; they don’t give credit ratings utmost importance.

So, don’t take any tension now. Apply now for no down payment auto financing and get ready to drive your new car!

All the best!

How to Get Bad Credit Auto Loans

Preparing Yourself for an Auto Loan with Bad Credit Ratings
Many individuals have poor or bad credit ratings due to various reasons. And when such individuals try to avail their car loans, getting the required credit turns out to be difficult. It is quite common for such individuals to apply for car financing and end up with rejected car loan applications. The common reason being improper preparation of the application, or applying for the wrong kind of auto loan at the wrong time. Due to the ongoing economic recession, many of the moneylenders have started offering credit facility to borrowers having low FICO score and poor credit history in the form of bad credit auto loans, simply because they need to sell their loan products and earn some money in the form of interest. Having stringent measures would mean less business and lesser earnings, because there is no way the bulk of the market applicant would satisfy the harsh requirements. So what is the way out for the person if he or she wants to avail the auto financing facility, and has bad credit ratings? The following pointers can help you in deciding how to go about the problem.
Special Auto Finance Facilities for Individuals Having a Bad or Poor Credit History
Traditional loan providers need good or excellent credit ratings and a high FICO score before they provide their credit. They are generally not inclined to sponsor car financing if the applicant has a history of loan defaults or late monthly payments. Banks and credit lending institutions are typically such type of orthodox credit firm, including some of the car manufacturer like Ford Motor Credit and Toyota Motor Credit who offer car credit options. However, there are several institute and moneylenders who prefer to do business by providing loans and credit facilities for individuals having bad and poor credit ratings. The intention is to cater to the untapped potential of the loan market consisting of individuals who do not quality for traditional auto loans. The primary reason for undertaking the venture is many individuals do not qualify for the loans, and satisfying their requirements would mean earning a substantial chunk of money in the form of interest from such individuals. They are specialized moneylenders who have enough experience to know when to take the risks, and in what manner.
The best way to search for such bad credit auto financing institutes and loan providers is to browse online on the net. Almost all credit providers advertise their company or firm through portals, and these websites provide all relevant information related to the loan products offered by them. Variables such as the rate of interest, tenure, turnaround time, monthly installment schemes, and loan options are usually explained on the sites. In addition, majority of the sites also provide online auto loan calculators, which can prove to be very helpful in calculating the combinations of different interest rates and loan tenures. It becomes easy to work out what kind of repayment plan turns out to be most beneficial to you. Another important issue that needs to be worked out is the negotiation part. Car buyers negotiate with loan providers to get the most affordable deal. So if you are not that good at negotiations, it is recommended you seek the services of professional negotiators or credit negotiation service providers who can argue on your behalf, and help you get cost effective deals. Another important benefit of such services is that the company and firm experts help in working out your auto loan application, so your application gets prepared in an organized and professional way, thus increasing your chances of availing your auto finance.
Qualifying for a Bad or Poor Credit Auto Loan
One needs to qualify if one decides to apply for an auto loan for bad credit. Majority of the applications get rejected because of improper or incorrect submission of the forms. Insufficient or incorrect details, along with missing documentation such as credit status reports, bank statements, and even employment details can very easily lead to a rejection of your application form. Common documents required are usually ID proof, residential ownership or rent details, contact number, and minimum monthly pay earned. As per the current market trend, it is required to earn a minimum of $2,000 every month to qualify for even the basic amount required for car finance. Another important point to work out is the car insurance and accident claim coverage options offered by the insurance provider. The insurance also adds up to the car buying charges. So it is suggested you check out the various car insurance options offered by the lenders and select the plan which suits your requirement and budget.

Having a poor or bad credit does not mean you will never qualify for an auto loan. Many lenders offer auto financing to individuals having poor credit ratings. However, it is important to find out how bad credit auto financing work, and how to prepare and submit your loan application in the correct way.

US GDP Growth Holds at 2.5% in Q2, Corporate Profits at Record High, Key Inflation Index Falls

The Bureau of Economic Analysis released new data today showing that corporate profits reached an all-time nominal high in the second quarter of 2013. Profits before tax rose to 12.53 percent of GDP from 12.22 percent in the previous quarter, as the following chart shows. That was just fractionally short of the all-time high of 12.60 percent reached in the final quarter of 2011. At the same time, the BEA confirmed that GDP grew by 2.5 percent, the same as the August estimate.



Meanwhile, proprietors’ income was flat in Q2. Popular discussions often treat proprietors’ income as a proxy for the income of small business. It includes the current income of unincorporated businesses that have the legal forms of proprietorships, partnerships, and tax-exempt cooperatives. It does not perfectly match up with small firm size because some small firms are incorporated and some proprietorships, partnerships, and cooperatives are large.



Proprietors’ income has lagged behind corporate income in recent decades. In the 1950s and 1960s, the shares of corporate profits and proprietors’ income were roughly the same. Now, corporate profits are half-again greater. The gap between the two hit an all-time high in Q4 2011, when corporate profits reached 168 percent of proprietors’ income. (This earlier post discussed some of the reasons for the increasing disparity between large and small-business profits, including changes over the years in tax and healthcare policy.)

In addition to data on GDP and its components, the latest BEA report included new estimates of inflation based on the national income accounts. The broadest measure of inflation, the GDP deflator, grew at just a 0.6 percent annual rate in Q2. The deflator for personal consumption expenditures, closely watched by the Fed, actually fell at a 0.1 percent annual rate. Previously the PCE deflator had been estimated to have been unchanged in the quarter.

Overall, the latest report on GDP and its components contained few surprises. Compared with August’s second estimate, today’s third estimate shows the same overall rate of growth of real GDP, at 2.5 percent. Inventory accumulation and the growth of exports were slightly less rapid than previously estimated. Those changes were offset by slightly faster growth of consumer spending and a slightly less rapid decrease in the government’s contribution to GDP.

Follow this link to view or download a classroom-ready slideshow with charts of the latest GDP, profits, and inflation data.

Whatever Became of the Money Multiplier?

If you are teaching or taking an introductory macroeconomics course this fall, you will, at some point, encounter the money multiplier. The multipier posits that there is a stable ratio between M2, the stock of ordinary money in the economy, which consists of currency and bank deposits, and the monetary base, also known as high-powered money, which consists of paper currency issued by the Fed plus reserve balances that commercial banks hold on deposit at the Fed.

Your textbook will go on to explain that the money multiplier gives the Fed great power over the economy. The Fed is able to use open market operations (purchases and sales of government bonds) to control the monetary base. The monetary base, in turn, serves as the raw material from which banks create ordinary money for the rest of us. If the money multiplier has a value of, say, eight, then banks can and will create eight dollars of deposit money for each dollar of high-powered money. Add in the assumption that the quantity of money in circulation powerfully influences investment and consumption spending, and you can see why we obsess so much about quantitative easing, who will win appointment as the Federal Reserve Chair, and every comma in every press release that issues from the stately Eccles building on Constitution Avenue.

There is just one problem. As the following chart shows, something has gone badly wrong with the money multiplier in recent years. For most of the 1990s and 2000s, it was steady as a rock. From 1994 to 2007, the 12-month moving average of the multiplier stayed in a narrow range, between 8.0 and 8.4. Then it fell off a cliff. By July of this year, it had reached a record low of 3.24.



What happened? To answer that question, we need to look a little more closely at the textbook explanation of how the money multiplier is supposed to work, at some features of the banking system that the multiplier model downplays, and finally, at some recent research. >>>Read more

US Working Age Poverty Remains Near Record High in 2012

The Bureau of the Census released data for U.S. poverty rates and family income today. The headline poverty rate for all individuals was essentially unchanged from 2011, at 15 percent. The poverty rate reached an all-time low of 11.3 percent in 2000. Median family income declined from $51,100 to $51,017, a change that is not statistically significant.

One of the most striking trends in recent poverty data has been the rise in poverty among the working-age population. As the following chart shows, when the government first began to publish poverty data, the elderly were the poorest segment of the population, with children in second place. Since that time, poverty rates among the elderly have fallen dramatically, while those of children have changed little. Meanwhile, the poverty rate for working-age individuals (defined as 18 to 65 years) has risen, and has continued to rise during the current economic recovery. It reached 13.7 percent of the population in 2010, and has not showed a statistically significant change from that level since.



One might wonder why working-age poverty would not have decreased as a result of the gradual fall in unemployment rates. Another data series helps explain why it has not.>>>Read more

What Does the U-6 "Broad Unemployment Rate" Really Tell Us?

During the recent deep recession and slow recovery, U-6, an alternative measure of unemployment issued by the Bureau of Labor Statistics, has received increased attention. People often refer to U-6, which includes several groups of workers in addition to the officially unemployed, as the “broad unemployment rate.” No doubt, part of its popularity stems from the simple fact that the broad measure of joblessness makes the employment situation look worse than the standard one, and bad news attracts readers and viewers. Beyond that, thought, just what does U-6 really add to our understanding of labor market conditions?



What U-6 tells us

The main contribution of U-6, as I see it, is to remind us that those whom the BLS defines as unemployed—those who are not working for pay even an hour a week but have looked for work within the last four weeks—are not the only ones who suffer when labor markets are weak. U-6 brings in two groups of people who feel  labor market distress even though they do not fit the official definition of unemployed:>>>Read more

Poor Credit Auto Loans - A Ray of Light for Bad Credit Borrowers

Bad credit score has become a common phenomenon. Almost, everyone has had his/her share of encounter with the dreaded bad credit history. It acts as a major deterrent in getting credit. Loans become difficult because of bad credit. But, it never means that you cannot get an auto loan with bad credit history. Thankfully, poor credit car financing is very easy.
Initially, lenders refrained from offering poor credit auto loans. They considered bad credit borrowers very risky and that's why rejected most applications with bad credit. But, with changing times, lenders have understood that many Americans are dealing with bad credit. And, it's common sense to offer poor credit auto loans to such a large population.
If you want an auto loan with bad credit, it is important that you convince the lender of being a low risk credit borrower. If he is assured of the safety of his investment, he will easily offer you a poor credit auto loan. Here's how you can get yourself a poor credit auto loan.
Your Budget Sets Your Boundary
When you prepare a budget, you know the exact amount of money that you can spend on buying a car. It will help you to choose a car without much trouble. With a budget in hand, comparing auto loans programs for poor credit will become very easy. You can easily ascertain if the monthly payments are affordable or not with the help of budget.
Get Your Documents Ready
After deciding on your budget, you must get together all your documents. Lender will require you to have Income and Employment Proof. You can use your current pay stubs for this purpose. He may also want to see receipts of utility bills. All this will give him a picture of your debt repaying ability.
A Used Car is a Better Option
A new car is expensive than a used car. So, when you buy a new car, you will have to pay more. When you have a poor credit score, your interest rates may not be very low and so, it's best to avoid a new car.
It's better to search for a car after getting approved for a poor credit auto loan. It is possible that the lender may want you to buy a car from a specific dealer only. If this happens, all your hard work of searching a car will go waste. Hence, apply for a car loan first.
However, do remember to buy a used car after getting it inspected by your trusted mechanic. Also, check the car title. Do not buy any car that has been salvaged or flooded.
Apply with Sub-prime Lenders
When you are ready with your budget and documents, it's time to apply for a car loan. Now, traditional lenders and banks may reject your car loan application for having bad credit. This is because they usually offer auto loans to borrowers with good credit scores. So, you must not waste time in applying with all lenders.
Instead, devote some of your time in research. Search lenders who offer poor credit auto loans and have a high approval ratio. You can easily avail a poor credit auto loan from sub-prime lenders. These lenders have expertise and experience in dealing with bad credit scores. They are able to handle credit issues better than anyone else.
Web to Your Rescue
You can find many sub-prime lenders with the help of internet. There are numerous online car financing companies that have huge network of sub-prime lenders. All you need to do is search for a reputed car financing company and apply on its website for a poor credit car loan. Once you apply by submitting an online car loan application form, the company will search a lender for you.
Compare and Then Sign the Contract
When you apply with online sub-prime lenders, you will get several poor credit auto loan quotes. Now, it's your time to choose the best option for you. Choose a car loan quote by considering important factors like interest rates, loan terms and conditions, pre-payment penalties, additional fees, charges, etc. You can make use online car loan calculators to calculate exact monthly payments.
You must choose a poor credit car loan program that offers you great ease. You have to make regular monthly payments to pay-off your low credit automobile loan. It will improve your credit ratings and help you in availing lowest possible rates in future. So, search for that perfect poor credit auto loan and start improving your credit score.

US Unemployment Rate Falls to 7.3 Percent in August, a New Low for the Recovery

The U.S. unemployment rate edged down from 7.39 percent in July to 7.28 percent in August, according to data released today by the Bureau of Labor Statistics. The decrease did not, however, reflect an across-the-board strengthening of the labor market. According to the BLS household survey, the civilian labor force, the number of unemployed, and the number of employed all decreased slightly for the month, both before and after seasonal adjustment. The labor force participation rate and the employment-population ratio also decreased on the month.

The BLS also publishes data on a broader measure of unemployment and undermployment known as U-6. That measure takes into account people who are working part-time but would prefer full-time work, and so-called marginally attached workers. The latter incude people who have not looked for work because they think none is available and people who would like a job and are available for work, but who did not look for work in the previous four weeks because of study, family responsibilities, or other reasons. Both involuntary part-time workers and marginally attached workers decreased for the month, bringing U-6 to 13.7 percent. As the chart shows, that also was a new low for the recovery.

 
According to the separate survey of business establishments, the number of payroll jobs grew by 169,000 during August. The establishment survey excludes farm workers and the self-employed, does not correct for workers holding two jobs, and differs in other details of methodology. It is not unusual for the household employment data and the payroll jobs data to point in opposite directions. >>>Read More

Follow this link to view or download a classroom-ready slideshow with charts of the latest jobs data

Brazil's Volatile Real: Why Currency Fluctuations are Painful

Brazil’s volatile currency, the real, is back in the news. Two years ago, the real hit all-time highs against the dollar. The rise prompted Brazil’s finance minister, Guido Mantega, to accuse the central banks of advanced countries, the Fed in particular, of conducting a “currency war” at his country’s expense.  Now the real is heading back toward the lows it reached in 2008, at the depth of the global financial crisis. One might think that if a strong real is bad, then a weak real must be good, but that has not been the reaction. Instead, the recent depreciation has caused Brazil’s central bank president to complain about the “adverse winds” from a strong dollar.

Why are currency fluctuations, regardless of direction, so painful, and not just for Brazil? The traditional notion is that exchange rate movements, whether appreciation or depreciation, produce roughly equal gains and losses. Some of them come from the effects on trade in goods and services. When a country’s currency appreciates, its exporters find it harder to sell their products abroad and domestic producers have a harder time competing with imports. They are losers. Meanwhile, firms that use imported inputs and consumers of imported goods are winners. There are also financial effects. People whose foreign currency assets exceed their foreign currency liabilities gain from appreciation of the domestic currency, and those with foreign currency liabilities greater than foreign currency assets lose.>>>Read more

Bad Credit Auto Loan - How Can You Get a Better Rate?

You can improve your credit by availing bad credit auto loans. The Internet offers various bad credit auto loans for those with bad credit, yet on the lookout for loans to rebuild their credit history.
Auto loans for people with bad credit
You can receive bad credit auto loans even if your credit position is good. However, rules governing such credit are very different. You need to pay more down payment and higher interest rates too. Rather, you may have to pay almost half of total cost of the vehicle as down payment. Repayment period of loan could range between two to five years.
How can such loans help my credit position?
Normally, creditors increase cost of vehicles under bad credit auto loans intentionally. This of course does not provide much help to your financial position. You can overcome this situation by checking actual value of car. Thereafter, you can accept an increase of $200 to $500 on total cost of vehicle. If your creditors quote similar value for your vehicle, you can accept such auto loans to improve your credits.
If your credit situation is grim, it is difficult receiving any form of credit. Your bad credit auto loans can affect your interest rates ion credit cards, mortgages, etc. These improve your overall credit position and help you come out of bad credit slowly.
Where to look for such loans
The Internet is the main source for obtaining such bad credit auto loans. There are various websites of car dealers on the Internet. You can answer few questions on their website and send your application for purchasing cars to concerned dealer. Dealers dealing in such loans do not charge fees and after careful consideration of all factors, they decide whether to issue you loan or not. You can only take loan offered to you, as you cannot check about company.
Sometimes, you can obtain bad credit auto loans by applying directly for auto loan. Although most auto companies do not favor people with bad credit, yet few are ready to take risk. You can therefore receive loans through them.

US GDP Growth Revised Up to 2.5 Percent on Stronger Exports; Inflation Falls

The Bureau of Economic Analysis reported today that the U.S. economy grew at an annual rate of 2.5 percent in the second quarter of 2013. The advance estimate for Q2, released last month, had shown a 1.7 percent growth rate. Higher exports and lower imports were a major factor behind the stronger growth estimate. As the following chart shows, Q2 growth appears to have picked up from its slower pace in Q4 2012 and Q1 2013. The Q2 data are subject to further revision in a third estimate that the BEA will release next month.

The next table breaks the latest growth data down according to the contributions of each major sector of the economy. The contribution of consumption expenditure was essentially unchanged at 1.21 percentage points, a little slower than the average growth of consumption over the previous eight quarters. Investment contributed a little more to growth than previously reported, but the upward revision was entirely attributable to higher nonfarm inventory investment. Inventory investment is an ambiguous indicator. Higher inventory investment can indicate either that firms are optimistically stocking up in anticipation of stronger future sales, or that goods they had planned to sell were unexpectedly piling up in warehouses and store shelves because of disappointing demand. >>>Read More

Follow this link to view or download a classroom-ready slideshow with charts of the latest GDP data

Fast Auto Loan Approval for every Car Buyer with any Credit Score

Fast Auto Loan Approval is the ideal auto financing company for every car buyer in America. No matter where you live, the company can get you instant auto loan approval. Its high approval rate of 87.4% is a proof of it.

Fast Auto Loan Approval reaches out to every car buyer. So, don’t think that your bad credit score or poor credit history will create problems in getting a new car loan. With wide experience of the subprime auto financing market, you can easily get low rates on auto loans.

Turn your cherished car dream into a reality! Get approved for a new car loan or a used auto financing program at the click of mouse. That’s the magic of Fast Auto Loan Approval. Apply now and get online auto loan quotes!

3 EASY Steps for Poor Credit Car Loans with Low Rates

A rather unusual report by CNN Money says Americans avoid marrying those with credit troubles. Never has poor credit had such an impact on American lives! But, don’t worry if your credit report says “poor credit”. You can improve your credit and that too, while buying a car.

Don’t think it’s a far-fetched dream. You can definitely get a low rate poor credit car loan. And, affordable payments will increase your credit score. This way you will be able to repair your credit ratings.

Now, when your aim is low rate poor credit car loans, this article will help you. Just three simple steps mentioned in this car financing guide will prove to be extremely fruitful in your pursuit.

Simple Steps that guarantee Success

1. See your Score before you Shop

Even though you are very sure of your credit score, it is crucial to check it before starting any financing process. Do not worry about negative hit on your credit score because checking your own report doesn’t affect your ratings.

Benefits of checking your credit score:
A. It gives you the opportunity to make improvements by removing errors.
B. You can increase score by paying-off few debts.
C. As you know your accurate score, chances of any fraud become zero.
D. You can know the average auto loan rates that are available for your score. This will help you select the best possible car financing deal.

2. Unwise to Select a Car

Most experts will suggest you to search for a car at your nearest dealer. The logic is that it saves time after approval. But, you must refrain from doing so. It is because many lenders and sub-prime auto financing companies want their applicants to buy the car from a list of specific dealers. This means there is absolutely no point in choosing the exact car make and model. All your hard work will go down the drain. So, get approved for a poor credit car loan and then search for a car.

3. Online to avoid Lines

With the advancement in technology, the extremely tedious process of car loans has become extremely easy. You can get every kind of auto loan at the click of mouse. There are many online auto financing companies that offer poor credit car loans.

The benefit of opting for the online mode is that you can easily compare and calculate loan rates. Many car financing websites provide an online calculator to help you calculate accurate monthly payments and interest.

Ideally, you must apply with more than two websites. It will give you a better chance of comparing rates. This way will you will be able to choose the best rate despite a poor credit rating.

When you want low rates on auto loans, you must optimize your time. Spend it wisely on improving your credit score and searching reputed lenders. It will ensure that you get affordable rates.

Use these simple suggestions to uproot poor credit from your life. The problem of poor credit history can happen to anyone but these suggestions can help you deal with it. Start working on securing lowest rates on poor credit car loans and improve your score today!

Alexei Navalny: To Change Russia's Economy, Start with Moscow

Alexei Navalny, lawyer, blogger, and opposition activist, has a simple slogan for his campaign to become mayor of Moscow: Change Russia, start with Moscow. His program urges a broad spectrum of changes to legal, political, educational, and healthcare systems, but reform of Moscow’s and Russia’s economy underlie all of them.
Russia’s economy certainly could use a shot in the arm. When Vladimir Putin first became president of Russia, the economy was just beginning to emerge from the chaos of the 1990s. Putin promised, rashly, to double GDP in ten years. If you pick the right measure of GDP and the right years, he managed to do it. (See this earlier post for details.) However, as the next chart shows, the Russian economy was hit hard by the global crisis. In its best post-recovery year, 2010, it grew at barely half the pre-crisis average. Year-on-year growth of real GDP through the second quarter of 2013 has been just 1.2 percent. The economy may have technically entered a recession in the second quarter, although Bloomberg quotes Deputy Economy Minister Andrei  Klepach as saying that there was no recession, only stagnation.



What could the mayor of Moscow do about Russia’s GDP? More than one might think. For one thing, the city of Moscow, all by itself, accounts for a quarter of the country’s economic output—about the same share as the top 20 U.S. cities contribute to the American economy. More importantly, though, Moscow exhibits all of Russia’s economic ills in microcosm. Change there really could spark change throughout the country. >>>Read more

Subprime Car Loans – Getting Approval is very EASY Today

Good times are here again! With Auto Sales reaching pre-recessionary levels, everyone can get easy approval on auto loans. Don’t think that your sub-prime credit score will create problems in getting a car financing program. This article will be your perfect partner in getting a sub-prime car loan. It will give you useful tips for easy auto loan approval and help you find the best car loan for your situation. Let’s get started.

Today’s Situation is favorable for Sub-prime Credit Holders

Stigma related to sub-prime credit history does make one skeptic. But, you must consider today’s condition. The growth of asset backed securities has been phenomenal. In 2011, ABS reached $11.7 billion. And, experts have predicted further increase.

Also, Moody’s Investor Service’s report mentioned that private equity money is entering the market. More flow of money will ensure higher competition in the sub-prime auto loan market. So, don’t worry about getting rejected. You can get approved for a subprime car loan today!

Documentation Process

Car buyers often abhor the word “documents”. But, it is very essential to complete the documentation process. If you have your paperwork ready, lenders will not be able to delay their decision. Also, it will make the lender’s work easy and will earn you some brownie points.

You must be ready with:
a) Credit Report
b) SSN
c) Driver’s License
d) Bank and Financial Statements
e) Recent Pay Stubs
f) Employment Verification Letter
g) Car Title (if you have chosen a car).

Remember that you should not exaggerate your income. Sub-prime lenders maintain diligence in verifying your documents. So, be 100% honest.

Down Payment

When you have a sub-prime credit score, down payment can be your savior. By making a down payment, the lender will come to know about your stable financial condition.This way you will be able to negate the effects of sub-prime credit.

It’s okay if you cannot manage cash for down payment; you can always trade-in your old car.

Think-Through

Car is the second biggest purchase of your life. You certainly don’t want to take any rash decisions. If you don’t opt for a low rate auto loan, it will be difficult for you to make payments. This may even lead to bankruptcy. So, think well before signing on the dotted line.

You must compare the loan quotes and choose them after considering every aspect. Don’t concentrate on interest rates only. You must opt for a loan that offers flexible loan terms.

So, spend some time in analyzing the auto loan quotes and then select the best loan program.

Fast Auto Loan Approval provides quick approval on bad credit car loans. Low rate auto financing program is a reality when you fill the secure application form. Apply now!

California Auto Loans – Cut down your Car Loan Cost in California

Californians love cars and it is quite evident by the Car Culture of the State. Every car buyer in California knows that getting lower rates on auto financing program is very important. Car buying is sure a dream but it can soon turn into a nightmare if you are unable to get the rates of your choice.

Don’t let your car dream become a Pandora’s Box for you. You can definitely get a comfortable loan if you are ready for it. Also, you should be able to reduce the risk factor. How to achieve both these goals is explained in this article.

What’s Wise for your Wallet

Money is a critical factor for every financing program. And, you can only make your car loan easy by managing your payments. So, start by making a budget.

If you decide to make an unplanned purchase, you risk of making your payments dreadful. So, spend time on making a budget. This way you will make a wise car buying decision. It will show your comfortable monthly payment range. And, that will enable you in choosing the ideal car.

Lower Rates by lessening the Risk

When you want competitive rates on California car loans, your every step should be towards reducing the risk factor. If your CA lender sees you as a safe investment, he will readily reduce the interest rates.

Improvement in Credit Score

Every lender in the Golden State will want to know your credit history. A good credit score shows a sound credit history. It means you have been making regular payments. This is important for lenders in approving car loans with low rates. So, if you have a bad credit score, improve it by paying off few of your debts.

Also, apply for your free annual copy of credit report to remove errors. It is essential to know your credit score as well. It will help you know the current average rates available in the market for you.

Getting a Co-Signer

Nothing works better than a co-signer. When the lender sees a co-signer, he knows that regular payments won’t be a problem. So, ask your relative or a friend to co-sign your California auto loans contract.

Down Payment

A down payment can down your rates and your car loan troubles. Reduction in car loan amount reduces the lender’s risk. Also, when the lender sees you handling down payment, he is sure of your financial capacity.

Completing Essential Documents

Who doesn’t want quick end to work? Lenders in California are no different. If you offer them a complete list of required documents, his work will be over quickly. This will have a positive impact. Also, it will show you as a responsible individual.

This way you will be able to prepare yourself for a car loan in California. Remember that cutting down your loan cost is possible when you work actively towards reducing the risk.

Best of Luck for a comfortable car loan in the Californian State!

Virginia New Car Loans – The Complete Guide for the Ideal Auto Financing Program

Are you looking forward to own a new car in the Old Dominion? Well, buying a new car is easy in Virginia. But, to get the most affordable car loan, you must know the auto financing market. Also, you must ascertain your capacity before choosing a new car loan. Looks like an uphill task? It’s isn’t when you get the right help. Use this car financing guide to select the best available auto financing program in Virginia.

What’s the Current Car Financing Trend in Virginia?

When you begin your VA auto financing search, you must know what options are currently provided. The most recent offering is the long loan term. Lenders all over Virginia have introduced loan term as long as 84 months. Many experts are even predicting 9 year terms.

Such loan terms are specially designed for Virginia new car buyers who cannot afford high monthly payments. With such long loan terms, your monthly payment can be as low as $350. This way you can fulfill your dream of buying a new automobile and that too, without hurting your monthly budget.

Can you have a Slice of this Cake?

VA lenders bring innovative car loans program to increase their business. And, by increasing the loan term, their market has increased substantially. But, is this auto financing option for you?

You should never sign up for a loan before analyzing your current situation. There are many lenders and online auto financing companies in the Virginian State. So, you shouldn’t be in a hurry to accept the first car loan quote that is offered to you.

What should be the Ideal VA New Car Loan?

For every Virginian, there will be a different perfect car loan program. To know which car loan quote is ideal for you, prepare a budget. It will help you to know your affordability. When you receive VA new car loan quote, correlate it with your budget. Ascertain if you will be able to make regular payments.

To choose the ideal car loan quote, you must calculate the APR and consider the total interest amount. There are other factors like penalties and fees which should be taken into consideration.

Remember that most long term loans come with a high interest cost. Ideally, your VA car loan payments should not be over 60 months. A shorter loan term will help you reduce the chances of an upside down car loan. Remember that if your Virginia auto loan gets over quickly, you will be able to buy a new car in future.

Don’t forget to ascertain each and every aspect of the loan process because carefulness can only get you the best possible car financing program in Virginia.

How Fuel Subsidies Around the World Burden the Rich and the Poor Alike, with Lessons for the US

I have posted frequently (most recently in a three-part series that starts here) on the topic of underpricing of energy in the United States, but we are not the only offender. Many countries around the world subsidize consumer energy prices in ways that bring them to levels even lower than what U.S. consumers pay. These policies burden the rich and the poor alike—rich countries like Saudi Arabia and poor ones like Egypt, and within each country, both rich and poor citizens.

How subsidies hurt the poor

Fuel subsidies both help and hurt consumers. The trouble is that poor consumers get a disproportionately small portion of the help and a disproportionately larger share of the hurt.
The help comes because subsidies make fuels more affordable. That not only reduces direct costs for cooking and lighting, but also indirectly holds other prices down, for example, by reducing transportation costs for food. For individual families, the price reductions can be most welcome. For example, a study by Arze del Granado and others, cited by the IMF study, found that an increase of $.25 per liter in the price of fuel would reduce the real purchasing power of a poor household by more than 5 percent. >>>Read more

Colorado Car Loans – Better Deals are Waiting for you

Most Coloradan car buyers confess of having hard time while getting approval on auto loans. If you are troubled by endless wait at the lender’s office, it’s time to get accelerate the Colorado car financing process. Empower yourself with the knowledge of the Coloradan auto financing process. Once you know what is expected from you, you will be able to deal with the situation in a better way. So, let’s get started.

Get over with the Tedious Part

Preparing a budget is often tiring but, it gives you the power to make your car loan affordable. So, calculate your income and expenses. Ascertain a monthly payment amount that you would be comfortable with.

You must check your credit report for errors. Credit bureaus are infamous for making mistakes. So, it is better to remove them from your credit report. It will help you improve your credit score.

Get together your documents. You will require your SSN, banking statements, financial records, recent pay-stubs, receipts of utility bills. Few Coloradan lenders may even ask for an Employment Verification Letter. Completing your paperwork may take a few days. So, start in advance.

Co-signer in Colorful Colorado

A co-signer can work wonders for your goal. When the lender comes to know that a good credit holder has agreed to become your co-signer, his tension reduces. He becomes sure of receiving monthly payments. This will decrease the risk factor and your Colorado car loan rates as well.

Money for putting Money Down

Down payment is not mandatory for getting a car loan in Colorado. But, just like co-signing, it can definitely increase your chances of getting a better auto financing program. When you put 10%-20% of the total car cost as down payment, you manifest your financial stability. Also, you cut down the Colorado auto loan amount and reduce the lender’s risk. This way you get the benefit of lower rates and quick approval.

Why go Online?

There are many online auto financing companies that serve the Centennial State. The benefit of online CO auto loans is that you can submit the car loan application without walking down to the lender’s office. No matter you live in Denver City, Colorado Springs or Akron, an online auto loan is just a click away.

Do remember to apply with several reliable auto financing websites. Once you get the Colorado auto loan quotes, compare rates and other factors like loan term, penalty and clauses, etc.

You can get the best auto financing program when you maintain diligence. Stay cautious and understand every aspect of the Colorado car loans process.

Colorado car loans can be availed instantly with Fast Auto Loan Approval. 92% approval ratio on Colorado auto financing program manifests the company’s expertise in getting you approval. Apply now and get lowest rates!

Best of Luck for Best Rates!

New York Used Car Loans – Prepare the Ground before you go Loan Shopping

An inexperienced car buyer may often end up making a mistake while getting a used car loan in New York. Several things like the total car loan cost, loan terms and conditions, etc. are to be considered. So, don’t just jump on the band wagon. Prepare well before you go loan shopping in NY. It will help you secure a better used car loan deal.

Checking Score – A Second Nature for every Credit Borrower

Whenever you want a loan, checking your credit score and credit report is the basic requirement. By analyzing your credit report, you will be able to remove errors from it. Also, when you know your credit score, no NY lender can charge higher rates under the pretext of a lower credit score.

Choosing the Car

New York is the 3rd most populous state. So, there are many car drivers in the state. This implies that there will be many used cars for sale. Hence, it is very easy to find a used car in the Empire State.

But, you must keep in mind car loan criteria before choosing the car. Most lenders and auto dealers won’t finance a car older than 6 years. Also, many of them require the car to be driven for less than 90,000 miles.

Dealer’s not always the Option

Remember that dealership financing is not the only option for getting used car loans. With intense competition, New Yorkers now have many car financing options. You can go to your local bank or a credit union and get pre-qualified for used car loans. Take advantage of internet and apply with online auto financing companies. When you use the online option, you can get approved for a low rate used car loan without even leaving the comfort of your home.

Perfect Paperwork

Here’s an important tip for used car buyers: Maintain diligence in completing paperwork. It will create a positive impact on the lender. Also, it will speed your NY car financing process.

Keep your credit report and SSN ready. NY lenders will require banking statements and recent utility bills.Also, recent pay stubs and Employment Verification Letter is necessary. Don’t inflate your income because lenders scrutinize every piece of information that you provide them.

Concentrate on the Loan, not Monthly Payments

When you get auto loans quotes from lenders, do compare them. If you choose a car loan quote by looking at the monthly payments, you may be at a loss. It is possible that the used car loan quote may have longer term and lower monthly payments. If that’s the case, you will end up paying more towards interest. So, it is essential that you consider every car loan factor and not just payments. Sign the car loan contract only when you are 100% sure of the details.

By keeping in mind the suggestions mentioned in this article, you will be able to get easy approval on used car loan in New York State.

Dealership Financing – A Perfect Car Buying Guide for Better Auto Loan Deals

It’s “Dealership Financing” and not the Devil’s Workshop. Many people detest dealership financing because of stories related to dealership scams. But, it’s one of the easiest ways of getting a car loan. The best thing about a dealership is that you get your car and car loan at the same place. You can certainly get better deals from a dealer if you are prepared for the car financing process. This article will help you prepare for a car loan from an auto dealership.

The SCORE

It is very important to know your credit score before going to the dealer. You must have heard about scams related to credit scores. But, if you know your accurate credit score, no dealer will be able to offer you higher rates under the pretext of bad credit scores.

The CAR

When you go to a dealership to select the car, test-drive is a must. You must check the Odometer for miles. Don’t buy a car with more than 80,000 miles because it won’t last long. Also, ask your trusted mechanic to inspect it. It’s always better to get expert opinion.

The benefit of dealership finance over private party auto sale is you get special offers. Many dealers offer extra warranty and cash rebates on car sales. If you are confused in choosing a car, you can select on the basis of offers.

M.S.R.P.

Most car buyers pay the MSRP or the list price. But, this is where they go wrong. You don’t need to pay the “Sticker Price”. This is because dealer’s profit is added to it. You can negotiate it and pay a lower amount.

The PAYMENTS

When you are done lowering the car price, talk about finance with the dealer. The salesman will concentrate on monthly payments and talk about lowest payments. But, you must look at the big picture. Consider the total loan amount and total interest. It is quite possible that lower payments for a long term will increase the total interest amount.

The CONTRACT

After car financing has discussed, read the contract. Don’t go for “spot financing”. Most dealers allow you to take the car without getting you approved for a car loan. It is quite possible that the dealer is unable to find a lender for you. In such circumstances, you will have to take back the car to the dealer. So, avoid “spot financing” and take delivery of the car only when the loan contract is signed.

Being cautious is the key while working with a dealer. If you follow the tips mentioned in this article, you will certainly get the very best of auto financing.

Fast Auto Loan Approval can get you approved for dealership financing. Lowest rates on auto financing deals even when you have bad credit score. Apply now and get ready to get best rates!

Washington Bad Credit Car Loans - Simple Tips for Approval in Seven Days

Car is an important purchase in an American’s life. Most Washingtonians may live in a rented house but they will definitely buy their favorite car. Such is the love for automobiles!

If you are one such ardent car lover, this is the best time to buy. Car sales have been highest since 2007 and loan rates are also on the lower side. If bad credit history is stopping you from making a car purchase in the Evergreen State, do not worry. This article will help you solve bad credit troubles in just a week. Follow this car financing guide and get tips to enjoy the best Washington auto financing program within a week.

Day-1 – Get Ready for a Car Loan

When you have a bad credit history, it is important to analyze your financial situation before getting a loan. If you seek financing options without considering your income, it will worsen your credit score. So, prepare a budget and ascertain your affordability. Know if you can manage monthly payments.

It is seen that lenders take quick and favorable decision when the financial statements and car loan documents are ready. So, complete the documentation process.

Also, you must check your credit score and credit report. It will give you the opportunity of removing any error from your credit report. You can improve your credit score by paying-off few of your debts.

Day-2 – Find a Co-Signer

When you want to get quick approval on Washington bad credit auto loans, a co-signer is your answer. A co-signer diverts the lender’s attention from your bad credit history. When you have a co-signer, the lender becomes sure of payments.

If you are having trouble in convincing someone with a good credit score to become your co-signer, assure him of regular payments. Also, tell him that your regular payments will increase his credit score as well.

Day-3 – Manage Down Payment

It’s time to get together at least 10% of the car cost. It will be used as down payment. Putting money down at the time of buying a car manifests the lender of your financial stability. When the lender sees you making a down payment, it becomes clear to him that you can easily manage smaller monthly payments. This will enable you to lower your auto loan rates.

Day-4 – Apply Online

Now, that all the basic work is done, apply online for bad credit auto loans. Washingtonians have the benefit of online auto loans in their state. There are several auto financing websites that offer affordable car loan options in the Evergreen State. Do check the security of the website before giving out your SSN and banking details.

Once you apply for bad credit car loans, the website will take around 2-3 business days to process your auto loan application form. So, at the end of the week, you will receive your auto loan quotes.

Compare the quotes on several aspects like interest rates, loan term, conditions, penalties, etc. Once you are sure of the car loan quote, sign the dotted line and buy your favorite car.

So, that’s how you can get a Washington bad credit auto loan within a week. Remember that the “start” always seems difficult. But, once you begin the bad credit car loan process in Washington, things will become easy for you. Just remember to follow the tips mentioned in this article.

Best of Luck!

Just as its name, Fast Auto Loan Approval is known for quick approval on WA bad credit car financing program. Get low rates and flexible terms on auto loans quotes. Apply now and get the best car loan deal in Washington.