(Financial advisor) Four Guaranteed Car Finance Myths
No commentsBy 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
Pandiyat-I Jawanmardi
By Ibrahim Machiwala
”The Pandiyat-i Jawanmardi (maxims of fortitude) is a collection of the advices of Imam Mustansir billah (d. 880/1475), which had been compiled in the time of Imam Abdus Salam (d. 899/1493). The word pandiyat is the plural of pand means advice, and jawanmardi means manliness. The term jawanmardi is the Persian translation of fata means young man or brave youth. The Koran (18:10) called the Seven Sleepers fityan (pl. of fata). This term generally was connected with Ali bin Abu Talib, as the sentence of the hadith goes: “There is no fata but Ali, and no sword but Zulfikar”
It contains the advices (pandiyat) for the true believers (mu’minin) and to those seeking to attain the exemplary standards of manliness (jawanmardi). It is divided into three sections, viz. Pandiyat great (115 parts), Pandiyat small (105 parts) and twelve Jawanmardi (12 parts), also incorporated with few farmans of Imam Abdus Salam. It deals with the advices to the believers on ethics, humanity, behavior, etc.
The Ismailis are referred to by the Sufic sounding terms as ahl-i haqq and ahl-i haqiqat (the people of the truth), while the Imam himself is termed as pir, murshid and qutb. It is venerated as a Pir or hujjat in India, and is read in Yarkand, Gilgit, Hunza, Chitral, Badakhshan, and Iran.
Syed Nur Muhammad Shah (d. 940/1534) stands an earliest source to make mention of the Pandiyat-i Jawanmardi that, “Mustansir billah then became the Imam, who executed much works in the world. He narrated Pandiyat into the Persian, also exhorted therein the Jawanmardi” (Satveni-ji Vel, 108:9-10).
The Indian tradition however has it that Imam Abdus Salam delivered Kamadia Kapura a copy of the Pandiyat-i Jawanmardi, ranking it as the 29th hujjat or pir. The copy was placed on the gadi of the Mukhi in the Jamatkhana in Sind. The Ismailis paid their homage confessing it as a Pir. It exercised the authority of hujjat or pir for about 80 years till the appointment of next 30th Pir Hyder Ali in 960/1552 in the period of Imam Khalilullah Ali (d. 993/1585). The tradition further relates that when Imam Khalilullah Ali resolved to appoint the 30th Pir for India, he summoned Mukhi Shamdas Kapura of Sind with an original copy of Pandiyat-i Jawanmardi. A ceremony was performed to take away the authority from the book and transfer it to Pir Hyder Ali.
W. Ivanow comments on Pandiyat-i Jawanmardi that, “The book, or its greater part, was compiled under Shah Abdu’s-Salam who succeeded Imam Mustansir bi’l-lah and thus really was the Imam of the time when the compiler was engaged in writing. The enigmatic passage on p. 56 may be easily explained if we suggest that Mustansir bi’l-lah told his followers not to disclose his own identity to outsiders, nor of the Imam of one’s time generally. And as the Imam of the time at the moment when the compiler was writing was Shah Abdu’s-Salam, he automatically mentioned his name.”
Mumtaz Ali Tajddin S. Ali is an popular Ismaili Scholar, He has written many articles on Ismaili Imam, Ismailism, and Pandiyat-I Jawanmardi from Encyclopedia of Ismaili.
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VA Home Loans - VA Mortgage Loans Houston
By James Hall
VA Loan is the best low rate home loans and refinances loans in Houston. Refinance is most benefit in market place with low interest rate for all loans. They approve home loans and monthly mortgage loan payments. Houston VA Home Mortgage Loans experts help you to get a Houston Veterans Mortgage Home Loan. They are dedicated to serve the veteran community. They handle your mortgage and real estate in house and they serves you at any time. They are experts and best to give Houston Veterans Mortgage loans and Home Loans for Veteran Community.
VA Loans Houston also offers VA Refinance Loans Programs. VA Refinance loan is most benefit in marketplace with low interest rate. They help you in monthly mortgage payments to meet your financial level in VA Refinance Loan. It is our pledge to provide customers with a team of highly-trained VA Mortgage Professionals, coupled with an exceptional level of service. Our dedicated loan officers and VA Specialists work hard to ensure the process goes as smoothly as possible. VA Loan Houston satisfied many Veterans for Home and Mortgage Loans.
A VA Streamline Refinance, also know as an IRRL (Interest Rate Reduction Loan), is an easy way to reduce your mortgage payment and save you a lot of money. A streamline refinance can be done WITHOUT an appraisal, NO income verification, and NO out-of-pocket expense. We also refinance your conventional loan to a VA loan and save your money by REMOVING your monthly MORTGAGE INSURANCE and LOWERING your interest rate. Removing your mortgage insurance is typically the equivalent of lowering your interest rate by 1%. Refinancing into a VA loan CAN and WILL save you money each and every month. On October 10th, 2008 the President signed into law the Veterans’ Benefits Improvement Act of 2008. This law now allows eligible veterans to take out up to 100% of the value of their home to pay off their debt, make home improvements, or get cash back while reducing their rate.
Benefits of VA Home Loans Houston:
1. Equal opportunity.
2. No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property).
3. Buyer informed of reasonable value.
4. Negotiable interest rate.
5. Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation).
6. Closing costs are comparable with other financing types (and may be lower).
7. No mortgage insurance premiums.
8. An assumable mortgage.
9. Right to prepay without penalty.
10. For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
11. VA assistance to veteran borrowers in default due to temporary financial difficulty.
Type of Loan and Percentage for Veteran by VA Loans Houston
1. Interest Rate Reduction Refinancing Loans = .50%
2. Manufactured Home Loans = 1.00%
3. Loan Assumptions = .50%
Call VA Loan Houston at anytime and we have VA Loan Professionals waiting to help you get started with the VA Loan process. We are available from 8am to 7pm (central time) Monday thru Friday. If it is outside these hours, please use this form to get in touch with us. We look forward to working with you!
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Call 281-606-0490
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VA Loan Houston - We are Houston VA Home Mortgage Loans experts to get a Houston Veterans Mortgage Home Loan.
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