Bankruptcy – Many Reasons Many people fall to bankruptcy for various reasons but largely it is due to plunge in industry or economy as a whole; similar to what had happen to millions of Americans last year. However, if there is no other go and you have to declare bankruptcy, it’s important that you consider all your options first.
Solution • Bankruptcy can be a solution for sometime but it may force frequent hurdles and implications that can sustain for a lifetime. A bankruptcy will appear on your credit score for a minimum of 7 years and up to 10 years, which will diminish your options to go for any home or auto loan; making your life more insecure. In case you get a loan after filing bankruptcy, it would be very difficult to maintain high interest rates which will in turn bring you back to point zero. • While you are considering for a car and have to save at the same time, auto loan refinancing can be a good option. People take advantage of this option only when they fail to make auto loan payment. But you can take advantage of this option also when if you’re simply looking to have more cash on hand, refinancing your auto loan is worth pursuing.
Auto Loan Refinancing • With auto loan refinancing, monthly savings, as well as savings over the lifetime of your loan, are achieved in two ways - through interest rate reduction and term extension. For example, no matter what your current interest rate on your car, you’ll achieve savings if your interest rate is lowered. With term extension, if you currently have 5 years to pay your car loan, and the length of time is increased to 6 years, because you’ll have more time to pay off your debt, each monthly payment will be less. • For the past 15 years, Auto Relief Group has acted as an advocate for consumers. Auto Relief Group works directly with lenders to modify loans or leases, helping consumers achieve monthly savings through interest rate reduction or term extension.
About Auto Relief Group Auto Relief Group was founded to help customers deal with their auto loan payments in time of need. Over the years each member of their team has developed a stellar reputation, and industry connections, allowing the company to quickly identify opportunities and act to assist the clients in their efforts to reduce their payment and keep their car, SUV or truck. For more information on Auto Relief Group and its scope of services, Website:http://www.autoreliefgroup.com LinkedIn:http://www.linkedin.com/in/autoreliefgroup Facebook: http://www.facebook.com/pages/Auto-Relief-Group/236140792410 877.216.7203 877-259-3559 877 842-7667 firstname.lastname@example.org