July, 2010

Anchoring – A trick each auto dealership uses

When people make decisions, they usually adjust their outlook based upon upon a set perception, or anchor. Once an anchor has been set for future comparisons, that anchor is hard to remove from the mind. This process of operating bias is appropriately called anchoring, and retail business cannot wait to use it on an unaware ...

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Record-low mortgage rates create unique refinancing opportunities

Mortgage rates being slow doesn't make for a booming housing market. Since the real estate market is so slow, and mortgage rates have gone down substantially, the majority are more able to find opportunities in the market. Having a lower interest rate will helps numerous be willing to take that step of losing some money ...

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Tony Hayward steps down to run TNK-BP Russian oil venture

Tony Hayward was expected to resign Monday after a meeting in London to choose his fate. He's being sent to Siberia instead, where he will work at TNK-BP, a joint venture with Russian oil barons that is one of BP's most lucrative deals . Hayward may appear to be escaping culpability for leading a wreck ...

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Car loans getting easier for people with low credit scores

Getting car loans has become easier. Those with low credit scores couldn't be happier to see that they can nevertheless get car loans. The credit market getting easier will make cars sell faster. Auto lenders are happy with more cars being sold. And selling more cars is good for a U.S. economic recovery that is ...

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Bad credit loans for car purchases increasing

Borrowers with poor credit are seeing a slow if certain expansion of possibilities for purchasing cars. While lending is nevertheless slow for borrowers at every credit tier, it is improving. Additional choices for bad-credit borrowers are also expanding. Dropping numbers of payday installment loans In late 2008, installment loan offered for auto purchasing dropped by a huge ...

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