How to Get a Car Loan When You Have Bad Credit Score

(Gloucestercitynews.net)(January 8, 2020)–The

credit scorecard

plays an important role in getting a loan for the car. Unfortunately, bad credit score makes the process difficult for the borrower in terms of getting a favorable loan amount, monthly payments, and average interest rates. If you have got your heart set on

purchasing the dream car, then you probably need to contact a reliable lender for receiving

auto loans

. Your lender will guarantee the best auto financing deal regardless of your credit history. Read this article for more

information on getting a car loan with bad credit portfolio.

Work On Your Existing Scorecard

It is recommended to work on your existing credit score before you decide to buy a car on a loan. Check-in advance if your credit report will allow you to get a car loan or not. The bad credit portfolio surely decreases your chances of availing loans on favorable terms and conditions. By improving the score of your credit, you can shop around to choose the lending institution that fits best with your desires. It also increases your chances of getting car loans at the lowest possible rates. You can start by evaluating all the probable items that are responsible for your bad credit profile. Clean all the liabilities by paying off your unpaid accounts, reducing the number of total debts, highlighting the positive information on your scorecard, and resolving credit report errors. The continuous improvement in your scorecard leaves a good impression on the car dealers.

Increase the Amount of Down Payment

When you get to increase the amount of down payment, it means you have automatically improved your chances to receive a car loan even with bad credit history. Higher the down payment results in lesser the number of monthly payments, shorten the terms of your loan and lower the borrowing cost. The down payment is considered as money-in-hand which can impact the decisions of car loan lenders. The auto loans lender will support you in getting a car of your dreams even with a low credit score. It tends to reduce the risks associated with the default of the debtor.

Buy a Car That You Can Afford

Have you ever heard a common saying, “the less is more?” Well, that is also true when you make your decision to apply for a loan to buy a new car. If you desire to get an expensive car, then you probably realize that you would also have to take a considerable amount of loans. Similarly, when you have a limited amount saved up as down payment, then you will again have to cover the rest of the amount by getting a loan from financial lenders. Make sure you choose a car based on your estimated budget so you can afford monthly loan payments. Also, this will allow you to negotiate the average rate of interest against an approved amount of car loan.

Put Up Collateral Option

You can benefit from the collateral option if you are in trouble because of a bad credit scorecard. The collateral option allows the financial lenders to trust you because you have the intention to pledge something of great value like your house or expensive jewelry. This technique ensures the monthly payments and the residual amount of loan in the event of default or

bankruptcy

. Be careful when pledging your valuables as collateral, because your lender will sell them in case you are not able to pay. Consider all the significant risks to avoid worse case scenarios.

Consider the Help of a Co-Signer

If you have no credit history or if you are someone with a bad credit score, then don’t you worry! You can ask your parents, friends, siblings, or even your employer to co-sign the car loan. When you are financially stable and have a definite source of income, then your people will have no problem supporting you. Similarly, lenders will be happy to close a deal with you if you are in a position to mitigate the potential risks. Be absolutely sure you can make payments on time. Otherwise, your co-signer will become responsible for your debts.

image courtesy of Pinterest

Camden City’s Renaissance

(Camden City, NJ) – A recent release of survey data from the U.S. Census Bureau shows positive trends for Camden City in key areas including poverty, educational attainment, employment and unemployment. The findings come as part of a new five-year population estimate produced by the Census Bureau using data derived from the American Community Survey (ACS).

Incremental improvements in each area signal broad quality of life enhancements for residents throughout the City and echo previous findings from state agencies and other reports.

“Change doesn’t happen overnight, but in findings like these we are seeing the very real snowballing effect of progressive policies put into place to better the lives of residents in the City,” said Freeholder Director Louis Cappelli, Jr. “Our commitment remains on ending the crippling effects of decades-long poverty and economic stagnation in the city, and continuing Camden’s recent renaissance. We have a lot of work still to do, but this data makes clear that we are on the right track and headed in the right direction.”

The ACS produces estimates of select population characteristics for one- and five-year periods. Five-year estimates include data aggregated over a 60-month period and attempt to show the characteristics of the city over that entire stretch. While five-year estimates provide a less current snapshot of the City than one-year estimates released in September, they represent the most accurate data released by the ACS, with the lowest margin of error.

Among the most stunning trends to have been observed this decade is the surge in educational attainment among 18- to 24-year-olds in the City. From 2006 to 2010 approximately 68 percent of young adults in the City had graduated high school, earned their G.E.D., attended some college, or received an associate’s, bachelor’s or advanced degree. The most recent estimate shows this population achieving high school or better levels of education at a stunning 83.3 percent.

“Academic progress has been paramount to the changes in the Camden City School District over the last five years,” Superintendent Katrina McCombs said. “Ensuring all of our students and families are attaining a quality education and gaining access to advanced educational opportunities is our objective. This report underscores the progress being made in the classroom and throughout our district.”

The findings also show that those residents are having much more success at the conclusion of their education and when seeking employment. Despite the overall population of residents 16 and over decreasing since the period ending in 2013, the number of those employed has increased by more than 2,500. Over the same period, the number of unemployed residents dropped precipitously from more than 7,700 to fewer than 3,900. The City posted a 12.6 percent unemployment rate over the five years ending in 2018, a dramatic decline from the 24.4 percent reported from 2009 to 2013.

“Unparalleled collaboration and a holistic approach to revitalization is resulting in real progress in Camden,” said Camden Mayor Francisco Moran. “As a lifelong resident, I can assure you the transformation taking place in the city is extraordinary. The results are tangible as the positive impact is being felt throughout the community. The data indicates that Camden is making substantial gains as it relates to reducing poverty, improving academic outcomes and increasing employment prospects. This kind of sustained progress has not been witnessed in decades. These are all positive signs for our residents and indicators that the quality of life continues to improve.”

Throughout the city, a variety of factors have led to steadily improving conditions and decreases in the overall poverty rate. While declining slowly from its post-recession peak, the poverty rate in the city slid to 36.8 percent.

The American Community Survey is administered by the U.S. Census Bureau for the purposes of collecting detailed population and housing information. Data collected as part of the ACS is publicly available and can be found by visiting

www.data.census.gov

Can\’t Decide What Type Of Boat To Buy? Here Is A Short Guide

Buying a boat for the first time can be an overwhelming process for the first time. Many different types of boats can be used for various purposes. You shouldn’t look at any friend’s or family member’s vessel and get the same thing because it might not be as suitable for your needs. Here is a list of the various kinds of boats, and other things that you might want to consider before making the decision.

Before Thinking Of Buying

The first thing is, you will need to have a boating license. For which you should consider taking classes, consider taking

practice tests by Aceboater

if you are in Canada. Then, check the laws in the state you plan on riding the boat. Similar to registering a car, you might need to register the vessel as well. Also, learn about transferring the registration to your name if you are considering to purchase a used boat.

Look into each different kind of boat

Think about what you want to do with the boat. Make a list of all the activities that you, or your family, might want to do. Here is a list of the common types of boats:

Aluminum Fishing Boats

It is very commonly used for angling, which is a fishing sport. It has lightweight, and it is effortless to transport.

All-Purpose Fishing Boats

If you are really into fishing and like to catch all kinds of fishes, then this might be a good option. This type is excellent for maximum versatility.

Bowriders

Bowriders are excellent for families and groups of people. They can be used for numerous watersports and regular joy rides.

Cuddy Cabins

Cuddy cabins are excellent for a beautiful day out in the waters, under the sun. If needed, they also have a covered area.

Cabin Cruisers

These are more luxuries versions of cuddy cabins.

Deck Boats

These boats are fantastic for bigger crowds. They are all about making more space inside and maximizing the seating capacity. They can even be used to throw small parties.

Fish and Ski

If you are the kind of person who loves to fish but also enjoys the occasional water sports with friends and family, this might be the ideal boat for you.

High Performance

If you are planning to race, or love speed, then a streamlined boat with high speed and low air resistance would be suitable. Luckily, high-performance boats are just that.

These are just a few, and there are many other types that you should look at before buying.

New Or Used

Now that you have the appropriate information about the kind of boat that would be best, take a look at the budget. It would help if you decided whether to buy a brand new boat or a used one. If you have been saving up for a while, or money is not a problem, then new ones are the way to go. If you are a little low on cash, then purchasing a used one would be better. Used boats can be just as good and last just as long if they are in good condition. Consider getting a thorough inspection before buying a pre-owned vessel.

Visit

boatsforsale.co.uk

and browse through their wide selection of different types of boats both new and used.

images courtesy of Pinterest

NJ Assemblyman Moriarty Takes Credit for New Minimum Wage of $11

WASHINGTON TOWNSHIP NJ (January 3, 2020)–Thousands of people across the state started their new year with a dollar raise thanks to the rise in the minimum wage to $11. The increase is a result of the legislation signed into law last February to put NJ on the path to a $15 minimum wage by 2024 for most workers.

CNBNews graphics file

According to Assemblyman Paul D. Moriarty, a prime sponsor of the legislation, “Putting New Jersey on the path to $15 was the right thing to do to help level the playing field for our hard-working residents.” The minimum wage will continue to increase by one dollar every January 1st until it reaches $15 in 2024.

Someone working 40 hours per week will now make $ 4,472 a year more at $11 an hour than they did a year ago at $8.85. “With almost $90 more each week, minimum wage workers today have a much better chance to thrive than they did a year ago.”

However, not all workers received the same raise. Due to concerns for some industries, the minimum wage for employees of small businesses, farms, and seasonal businesses rose from $8.85 to $10.30 an hour. All Seasonal and small business employees will reach $15 an hour by 2026, and farmworkers could reach $15 by 2027 with legislative approval.

“By raising the minimum wage in a controlled way, we will ensure our workers are treated fairly while our businesses continue to thrive.” Assemblyman Moriarty added, “This is just one way we are fighting for New Jersey Workers. Looking toward 2020, we plan to take on the misclassification of employees and bring transparency to forced arbitration in employment contracts.”

source

https://servingsouthjersey.com/

People Like Pennsylvania But…..

By Steve Bittenbender |

The Center Square

The number of Americans on the move might have reached a 65-year-low in 2019, but Census Bureau data shows Pennsylvania ranked among the top states for both attracting and losing residents.

A recent report

by STORAGECafé, which bills itself as a storage rental marketplace, reports that Pennsylvania is the 10th most popular destination for people moving from another

state. In 2018, the state attracted 253,000 newcomers.

Pennsylvania attracted more residents from New Jersey than anywhere else. The site reported that 44,000 people crossed the Delaware River to make the Keystone State their new home.

Yet, the report, which uses Census Bureau data, indicates only six states lost more residents. Pennsylvania saw 240,832 move out, with 17,000 moving next door to Ohio.

Part of the reason why so many may be making those moves is due to the fact they’re inexpensive. Moving the possessions from a two-bedroom home in New Jersey to Pennsylvania cost, on average, about $2,400. That was the least expensive interstate move.

Pennsylvanians moving to Ohio paid average moving costs of about $2,500. Nearly 10,000 people moved from Pennsylvania to Delaware, at an average cost of up to $3,700 per move.

STORAGECafé worked with United Van Lines in determining the moving costs and did not factor packing or insurance.

Earlier this year, the Pew Charitable Trusts

released a study

about the migration patterns for Philadelphia, Pennsylvania’s largest city. The study noted that about 60,000 residents leave the city annually, roughly 10,000 more than it attracts.

Of those who left the region, the main reason for moving elsewhere was because of job opportunities. Pew research indicated that 44 percent moved away for work; the next highest response – moving closer to friends and family – garnered just 11 percent of respondents.

Pew said since it was the first time such a study had been conducted, it was uncertain if these issues are lingering ones within the city.

“What is clear is that there is not one overarching reason for relocating,” the Pew report states. “Most of those who left Philadelphia characterized themselves not as fleeing the city but, rather, as seeking new opportunities elsewhere.”

The Census Bureau reported that 31.4 million Americans moved in 2019. That’s the lowest total since 1954, and the percentage of Americans who moved, just 9.8 was an all-time low since the bureau began tracking residential moves in 1947.

Of those who moved, about 4.6 million moved to a new state.

published here with permission of The Center Square

American Life League Calls for Catholic Response to Murphy\’s $9.5M Bailout of Planned Parenthood

\”Planned Parenthood is a vicious, racist institution whose actions are diametrically opposed to Catholic moral and social teaching\”~

American Life League president Judie Brown

WASHINGTON, D.C. (03 January 2020) —

American Life League president Judie Brown

issued the following statement calling on Bishop James F. Checchio of the Catholic Diocese of Metuchen to impose canonical sanctions against New Jersey’s governor, Phil Murphy:

Planned Parenthood is a vicious, racist institution whose actions are diametrically opposed to Catholic moral and social teaching. For Murphy to shovel $9.5 million of New Jersey’s taxpayer dollars into the maw of the nation’s #1 abortion machine is abhorrent.

Such actions taken by Catholic public figures do more than just scandalize the faithful. They present to Catholics the idea that they too can create their own private version of truth. Such a condition not only coarsens society, but further erodes the authority of the Catholic bishops in the United States who continue to allow pro-abortion public figures, such as Governor Murphy, to profane the Holy Eucharist.

On behalf of the millions of pro-life Catholics whom we represent and the over 70,000 families who support our work, American Life League calls on Bishop James Checchio to take the sad but necessary step of enforcing Canon 915 and formally instructing Governor Murphy that he is not to present himself to Holy Communion.

Catholics need to be bold enough to realize the link between abortion and the Real Presence of Christ. It should be no small wonder that only 1 in 6 Catholics actually believe in the Real Presence when we do so little to defend Christ’s image in the womb.

Bishop Checchio, millions of Catholics across America are looking to you to see whether or not the Real Presence is more than what the world sees. Murphy’s mockery should not be met with silence, but correction. What would St. Thomas Becket do?

American Life League is the nation’s oldest grassroots, Catholic, pro-life organization. Its president, Judie Brown, has led the organization since its 1979 beginning. She has served three terms on the Pontifical Academy for Life—appointed twice by Pope John Paul II and again by Pope Benedict XVI.

Pittsburg/Scranton Market Lucrative for House Flipping

By Dave Fidlin |

The Center Square

Homebuyers snapping up residential properties and subsequently selling them in short order were able to more than double what they initially paid in two areas of Pennsylvania, according to a recent report.

Researchers with ATTOM Data Solutions, a company specializing in property and real estate records, stated home flippers in the metropolitan statistical areas within Pittsburgh and Scranton were able to sell homes at greater price points in the third quarter of 2019.

The information is included in ATTOM’s

recently released report

on home flipping trends across the U.S.

Home flippers historically have bought and quickly resold homes for a profit, typically after making a series of repairs or improvements to raise the property’s value.

Between July and September, homebuyers who flipped homes and condos in the Pittsburgh area saw overall margins of 132.6 percent, while homebuyers in the Scranton area experienced overall margins of 122.5 percent.

The high flipping yields in the Pittsburgh and Scranton areas bucked a national trend, according to ATTOM researchers, where profit margins in most areas of the country were on the downswing.

The two Pennsylvania metropolitan areas were among eight across the U.S. where home flippers experienced returns on investment of 100 percent or more during the same statistical period. Pittsburgh and Scranton also topped the list.

Other areas of the country with high yields, close behind the two Pennsylvania areas, included Flint, Mich., at 111.2 percent; Cleveland, at 109.8 percent; and Hickory-Lenoir-Morgantown, N.C., at 109.7 percent.

a separate report

from the same statistical period, ATTOM researchers also revealed the Pittsburgh area had some of the largest amounts of all-cash purchases for home flipping.

In metro areas with populations of 1 million or more, Pittsburgh ranked third for all-cash purchases, according to the report, clocking in at 77.2 percent.

The metropolitan area with the greatest preponderance of all-cash purchases was Cleveland-Elyria, Ohio, at 79.2 percent, followed by the Detroit-Warren-Dearborn MSA, at 78.9 percent.

On the whole, 56,566 single-family homes and condos were flipped across the U.S. in the third quarter of 2019, according to ATTOM’s analysis. The figure represented a 12.9 percent decrease from the previous quarter and a 6.8 percent decrease from the third quarter of 2018.

In a statement, Todd Teta, chief product officer at ATTOM Data Solutions, said the home flipping declines point to narrowing profits across many areas of the country.

“The retreat back to more normal levels of sales comes amid broader market forces that are making it harder and harder for investors to complete the kinds of deals they were getting as recently as last year,” Teta said.

In the ATTOM report, Maksim Stavinsky, co-founder and chief operating officer of Roc Capital, said homebuyers in a number of areas of the country have opted to hang on to renovated properties and rent them, rather than sell them at a loss in the current marketplace.

“We have been seeing a decline in projected and realized profits for borrowers on projects, despite the fact that borrower financing costs have been meaningfully coming down,” Stavinsky said in the report.

published here with permission of The Center Square

PA Turnpike Toll Hikes Drag on Economy

By Dave Lemery |

The Center Square

Pity the commuter or trucker who must steer his or her vehicle onto the Pennsylvania Turnpike to get to work each day – the toll rates that critics say are already exorbitant are about to get even worse.

Reeling under massive debt payments that were supposed to be covered by tolls on Interstate 80, the ailing Turnpike administration is set to roll out even higher toll rates starting Sunday, Jan. 5.

For a passenger vehicle traveling from the westernmost toll plaza in Warrendale, just outside Pittsburgh, all the way across the state to the easternmost ticketing plaza in North Wales, just outside Philadelphia, a motorist today can expect to pay $36.20. But by next week, that price will rise to $38.40.

In 2016, the same trip cost $30.32 in tolls.

The source of the Turnpike’s financial distress is

a 2007 law

that diverted $450 million annually from Turnpike coffers to PennDOT to fund other efforts. When the federal government refused to allow the state to put tolls on I-80, the annual payments became unsustainable and have led to annual toll hikes; in the preceding 64 years, the Turnpike averaged less than one toll hike per decade.

Lawmakers later approved a smaller payment from the Turnpike to PennDOT – starting in 2022, the obligation will drop from $450 million a year to $50 million through 2057. But in the meantime, the Turnpike has accumulated about $13 billion in debt, and climbing.

In November, Rep. Lori Mizgorski, R-Allison Park,

said more action needs to be taken

beyond the scheduled drop in PennDOT payments in two years.

“The Pennsylvania Turnpike Commission (PTC) has been forced by law to raise tolls for 11 straight years, while causing the turnpike to reduce its rebuilding program by 13 [percent], forcing their debt levels to more than $13 billion,” Mizgorski said. “The turnpike commission needs to make critical investments to power economic growth across the Commonwealth and provide relief to its customers from excessive toll increases.”

In a news conference last year to call attention to the Turnpike’s financial issues, Auditor General Eugene DePasquale noted that the effects of the rising tolls radiate throughout the state’s economy, raising prices even for those who never drive a single mile on the highway.

“For those that think, ‘Well, I don\’t drive the Turnpike, why should I care about this? I don\’t pay that?’ News flash. Those truckers that are driving on that, they\’re hauling fruit, they\’re hauling food,” DePasquale said. “They\’re hauling goods and services that you\’re buying in Pennsylvania. Yes, you are paying that, because that is being passed along to the consumers.”

Turnpike Commission CEO Mark Compton said last year that about half of the turnpikes $1.2 billion in revenue each year is going toward paying $600 million in debt, preventing the commission from taking on needed large-scale improvement projects.

Opportunity New Jersey Calls for Businesses and Government Leaders to Enact Positive Change

Opportunity New Jersey is calling on the Garden State’s business and government leaders to get New Jersey on the path to job growth and affordability.

“It’s a new year, an election year, and the start of a new decade,” said Opportunity New Jersey (ONJ) co-chairs Tom Bracken and Michele Siekerka in a joint statement. “We have a Plan for an Affordable New Jersey and look forward to working with the Governor’s office, and the offices of our Senate and Assembly leadership, to put it into action.”

Bracken (President and CEO of the New Jersey Chamber of Commerce) and Siekerka (President and CEO of the New Jersey Business and Industry Association) rolled out the Plan in mid-2019, and announced the formation of an Economic Development and Advisory Council as a key tenet of the Plan’s implementation. The Council, which includes business, education, and labor representatives from throughout the state, held its inaugural meeting this past fall.

“From addressing fiscally challenged and outdated legacy systems, to stimulating job growth and investments in our state, our Plan is a roadmap to stability and prosperity in our region,” said Bracken and Siekerka, adding that New Jersey currently has among the highest personal and business taxes in the nation. “With all the extraordinary assets and advantages our state has to offer, there is no reason why we shouldn’t lead our peer states in job growth, wage growth, and business competitiveness throughout the Northeast.”

Those interested in reviewing the Plan for an Affordable New Jersey, and signing up for the group’s newsletter, can visit

www.opportunitynj.org

to learn more.

“We are concerned, but also optimistic about the prospect of real progress in 2020 and beyond,” said Bracken and Siekerka. “On behalf of the Opportunity NJ steering committee, the Economic Development and Advisory Council, and all our dedicated colleagues, we extend our best wishes for a happy and prosperous New Year in New Jersey.”

Feds Give NJ Families Nearly $2Million to Help Them Reach Self-Sufficiency

Federal funding to support education and employment among HUD-assisted families

See local funding chart below

NEW JERSEY – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded more than $79 million to nearly 700 public housing authorities across the country. In New Jersey, HUD awarded $1,925,793.00 to 24 public housing authorities and local agencies. These funds will help residents of public housing and voucher-assisted housing increase their earned income and reduce their dependency on public assistance and rental subsidies.

Read more about the local impact of the grants announced today

Funded through HUD’s

Family Self-Sufficiency Program(FSS)

, these grants enable public housing agencies (PHAs) to collaborate with social service agencies, community colleges, businesses, and other local partners to help participants further their education, gain marketable skills, and otherwise increase their income potential through new employment or by advancing in their current workplace.“Helping people find jobs that will put them on the path to self-sufficiency is at the core of HUD’s mission,” said HUD Secretary Ben Carson. “HUD is committed to working with our local partners to connect families with the opportunities and support they need to succeed at every level.”

“The FSS program is a data-proven vehicle that has helped thousands of HUD-assisted families achieve financial independence,” said Lynne Patton, HUD Regional Administrator for New York and New Jersey. “I am thrilled that this Administration has dedicated $8 million to help advance low-income residents New York & New Jersey and ensure that they receive the guidance and resources necessary to usher them into a self-sufficient New Year!”

HUD’s FSS Program funding helps local public housing authorities to hire Service Coordinators who work directly with residents to connect them with existing programs and services in the local community. These Service Coordinators build relationships with networks of local service providers, who provide direct assistance to FSS participants. The broad spectrum of services made possible through FSS enables participating families to find jobs, increase earned income, reduce or eliminate the need for rental and/or welfare assistance, and make progress toward achieving economic independence and housing self-sufficiency.

Participants in the program sign a five-year contract requiring the head of the household to obtain employment. In addition, no member of the FSS family may have received cash welfare assistance for twelve months prior to program graduation. Families in the FSS program have an interest-bearing escrow account established for them. The amount credited to the family’s escrow account is based on increases in the family’s earned income during the term of the FSS contract. FSS participants who successfully complete the requirements of their FSS contract receive the escrow funds upon completion and are able to apply those funds to advance their personal circumstances, including, for example, paying educational expenses or making a down-payment on a home.

For more information on the successes of the FSS program, please see

FSS Celebrates 25 Years! 25 Years of the Family Self-Sufficiency Program: Families Working, Families Prospering

###

HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

More information about HUD and its programs is available on the Internet

www.hud.gov

and

https://

espanol.hud.gov