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I saw a video that provided kitchen hacks for faster cooking. Spare time and high internet speed led me to a number of videos and articles that provided everyday hacks for making life simpler. That’s when I thought – Why not provide car buyers with bad credit auto loan hacks? And, thus this blog post began.

I have worked in the subprime auto financing industry for the past 6 years. I worked as a loan consultant for car buyers with credit issues. My experience taught me few things that could guarantee approval on bad credit auto loans. I am sharing it with you.

Smart Work is the Key

In today’s world, a smart worker dominates the hard worker. While getting approved for a bad credit car loan, you need to do the same. If you search at the wrong places, you won’t find your bad credit loan. You don’t have to try hard. Don’t go walking to every lender and bank in the neighborhood. Instead, log in to your computer and search for a lender who provides sub-prime financing. You will find many online auto financing companies that provide bad credit car loans. Research and choose the one that provides services in your city.

Your work doesn’t get over with finding the right lender. You still need to finish the following things for quicker approval.

File your Documents

Lenders need few documents to study your financial health. And, if you keep them ready, your loan process will get over quickly. Here’s what you will need to complete the bad credit car loan file:

1. Financial Statements

2. Recent Pay-Slips

3. Employment Verification Letter

4. Information about the Car, if you have selected any.

Any of these Things can help you

When you have bad credit history, any one of these things can help you in getting guaranteed approval. The reason is that these factors reduce lender’s risk. And, when you reduce the risk factor, lenders become comfortable in approving loan to bad credit customers.

1. Find a co-signer

A co-signer gives you power. With someone to back your loan application, it becomes strong. Also, lender becomes sure of getting back his money. This means lender will approve your loan request easily.

2. Spare some money for down payment

Down payment reduces the loan amount. It helps in showing your current financial stability to the lender. The lender will become tension-free when he sees that you can manage such a large amount.

3. Trade-in your old car

If you have less cash and have an old vehicle lying in your garage, you can trade it. This way you will reduce the car loan amount and not spend a single penny out of your pocket.

So, these are the simple hacks that can get you guaranteed approval on bad credit auto loan.

Due to luring potential buyers, Real estate developers in Mumbai are offering exciting discounts and incentives. Several real estate agents are giving 8 to 14% cuts in property rates. They are also sending emails to potential buyers with commission discounts so as to push deals. Some are giving incentives like free vacation, gold coin, motorbike etc.

These activities choose pace throughout the festive season once real estate activity is higher. It is the most effective time for developers to draw the attention of potential customers towards their project. They are available up with offers such as discount on one-time payment, pay some cost of the apartment and the rest will be paid at the flat possession time.

The property examiners expected Oct to Dec, 2014 period to accumulate offers of more 60 thousand units over large cities in India. Nearly 15% discount is expected during this festive season. Real estate companies and brokers raise their sales talk throughout this season so as to sweep through falling demand and the crunch of liquidity. This crunch has been created by developers as a result of they like sticking out to high property rates.

Since lenders are also loaning cash at high rates, lack of funds has discontinuous income for developers. Since home buyers have gotten simple home loans from banks, realty companies try to draw in consumers to urge eliminate inventory. In such a condition, developers are left with no possibility however to supply interest subsidies and discounts.

At the year end, sales of properties are relied upon to achieve 200,000 units over India during the festive season. Last year, most of the brokers were prepared to offer a discount of 10% on flats to attract buyers. As per real estate experts, the trend of giving discounts has expanded during a time when property rates are required to shoot up because of a stable government and positive changes.

In the last two years, the realty sector in India has been attempting to overcome declining deals and high stock. Developers have been engaging trust lack as relatively few banks were ready to put cash in the property segment. Then again, now with a stable government, people are expecting an inspirational standpoint regarding deals and dispatches of residential units.

So, at a time once interest rates are increasing and interest is lukewarm, buying 2 or 3 BHK flats in Mumbai will get you engaged discounts or incentives, if you are lucky. Remember to approach your dealer for more details.