Archive for the ‘bad credit car loans’ Category
Kia launches Cadenza as replacement for Amanti sedan, hits North America in 2011:
Wednesday, November 25th, 2009
Kia is replacing its Amanti large sedan with a new model called the Cadenza, which was unveiled today in South Korea. It goes on sale there this year and in North America in 2011.
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Koenigsegg backs out of deal to buy Saab:
Wednesday, November 25th, 2009
Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors.
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Los Angeles auto show: Subaru to debut a pair of Imprezas:
Wednesday, November 25th, 2009
Subaru’s Impreza family will grow with the debuts of two new offshoots at the Los Angeles auto show next month.
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Green with Luxury: You don’t have to sacrifice style to save the planet:
Wednesday, November 25th, 2009
With the entire world moving toward greener everything, it follows that the upper crust would join in. After all, not everyone with a conscience wants to be seen driving a Toyota Prius.
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Tesla To Choose Downey For Model S Electric Sedan Plant
Wednesday, November 25th, 2009
Two adjacent Southern California cities have been competing for the factory where Tesla Motors will build its all-electric 2012 Model S luxury sports sedan. Now, a pair of local papers have scooped the automotive press and broken the news: Downey beats Long Beach.
Downey Mayor Mario Guerra told the Downey Patriot that the deal is “99.9 percent ..
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OnStar Turn-By-Turn Is Free On Friday (To Current Subscribers)
Wednesday, November 25th, 2009
Remember when HBO and Cinemax used to offer free weekends, just to show non-subscribers what they were missing? Well, General Motors’ OnStar has taken half a page from that playbook: this Friday, OnStar will provide free turn-by-turn navigation — but only to current subscribers. Presumably, the goal is to get folks enrolled at OnStar’s Safe ..
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2011 Kia Cadenza To Replace Amanti, Meanwhile Optima Is Top Model
Wednesday, November 25th, 2009
Hyundai has risen from barely-noticed econo-car maker to winner of the North America Car of the Year with the Genesis Sedan, but what of little sister Kia? They’ve been hard at work improving their image, too, and one of their next steps will be the replacement of the Amanti sedan. The Kia Cadenza unveiled in South Korea today is pegged to ..
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Video: Changing A VW Fan Belt With The Engine Running
Wednesday, November 25th, 2009
Although combustion engines will remain a part of the car mix for several decades to come, it seems pretty clear that electrics are the way of the future. And while many will be sad to see gas engines go the way of their fuel source (i.e. the dinosaur), there are many things we won’t miss about ‘em — like all those moving parts that tend to ..
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Mitsubishi May Offer Gas-Powered i-Miev To U.S. Buyers
Wednesday, November 25th, 2009
Back in June, Mitsubishi unveiled the production version of its i-MiEV battery electric vehicle. The curious-looking five-door hatch went on sale in Japan six weeks later at a retail cost of ¥3 million ($33,800). It runs off a 16 kWh lithium ion battery, which powers an electric motor for about 100 miles per charge.
At the time of the ..
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4 Factors Working Against Credit Card Issuers
Wednesday, November 25th, 2009
A lot of types of businesses have taken a turn for the worse during this recession but few have been impacted as negatively as poor credit history card companies. The poor credit history card business was a great business for a long time–consumers had the financing they needed. Most made their payments. And, the companies providing the poor credit history made billions of dollars because so many people refused to live within their means. The recession combined with the poor credit history crisis has been a nightmare for poor credit history card companies and if economist predictions about the recovery of the economy are correct, it’s likely to get worse before it gets better for poor credit history card issuers.
A growing number of poor credit history card holders are falling behind on their payments. In October, the number of people that were at least 60 days behind on their payments increased again and analysts expect this trend to continue. There are several factors working against poor credit history card issuers in this economy.
New Legislation: Lawmakers are being held accountable for the lack of regulation in the financial industry that led to the collapse of several financial institutions and billions of dollars in taxpayer bailouts. poor credit history card companies who used to have the ability to hedge risk by increasing interest rates and cutting poor credit history limits are seeing their powers in these areas limited by the new poor credit history Card Accountability, Responsibility, and Disclosure Act that was signed into law this past Spring. A year from now, the poor credit history card industry will look very different than it did just a year ago.
Customer Delinquencies: poor credit history card companies depend on the ability of their customers to make payments. The weak economy has led to massive delinquencies and with so many people struggling to make their mortgage payments it’s easy to see why poor credit history card payments are falling by the wayside. Part of the reason so many companies are cutting available poor credit history lines is to reduce the risk of customers in financial trouble piling up poor credit history card debt and then failing to pay it off.
Unemployment: The reason why recovery for poor credit history card issuers will be slow is that so many people are out of jobs. In a recent Wall Street Journal survey, economists predicted that a year from now, unemployment would still be in the neighborhood of 9.5%. If the job market is slow to recover and personal incomes continue to be stagnant, people who are spending down their savings and hoping for a miracle might be the next wave to stop making their poor credit history card payments.
Public Perception: One of the big hurdles facing the poor credit history card industry that is harder to quantify is the negative public perception. The media coverage of poor credit history card issuers and the way they’ve treated their customers have turned the public against the industry as a whole and that will be a difficult problem to overcome. A popular rant posted on YouTube against the poor credit history card industry become one of the most watched videos of the year and fueled the fire of other customers who were frustrated with their card issuers. As the economy stabilizes, issuers will need to treat their customers with a higher level of service to regain their trust but it’s a battle that will probably take years to overcome.
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