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The need and desire to own a car is a desire that cuts across people of all ages and races. As an individual, there are chances that you might want to buy yourself a car but lack the funds and finances to finance the purchase of a car that you can call your own. If this were the case, I would recommend that you should consider taking up a car loan.

A car loan is kind of loan that an individual can take up whenever you are in need of funds to finance the purchase of a car that you can call your own.

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NEW YORK (CNNMoney.com) — Remember how everyone complained that banks weren’t doing enough to help troubled borrowers?

Well …

Banks have realized that foreclosing on home after home after home may not be in anyone’s best interest — least of all their own. So they’ve ramped up the number of loan modifications they’re handing out to their delinquent clients.

Banks are doing nearly twice as many modifications under their own foreclosure prevention initiatives than under the Obama administration’s signature Home Affordable Modification Program, known as HAMP.

It is usually easier to find a bad credit car loan than most people think. Many car dealers and most used car dealers will make car loans to people with bad credit.

The reason dealers and others will make bad credit car loans is that a car loan is a secured loan. This means that the car is used as collateral for the loan. If the loan isn’t paid, the car dealer can simply repossess the car and recover some of their losses.

Even though a bad credit car loan is relatively easy to find there can be some restrictions to it. Such loans usually come with much higher interest rates than normal car loans. S

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Obama mortgage-aid effort is struggling to stem the rising number of foreclosures in US

WASHINGTON (AP) — Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States, economists say.

More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Econo

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