| According to Experian Automotive, a global leader in | | | | Taylor, director of Sales of ARG, |
| providing information and analytical tools, the U.S. | | | | With over 15 years of experience, ARG has been |
| automotive lending industry showed signs of | | | | helping Americans find the best way to lower their |
| stabilization during the third quarter of 2009. Experian | | | | payments and keep their car, truck, boat or RV. They |
| throws light on the major lenders. While Toyota | | | | work directly with the auto lenders to obtain the best |
| Financial Services topped the market share in the third | | | | loan modification. This modification consists of |
| quarter at 11.2%, followed by Chase Auto Finance at | | | | extending terms or lowering interest rates to find the |
| 11.1%, GMAC at 9.1% and Ford Motor Credit at 7.1% for | | | | payment that works best for the individual. |
| new cars; on the other, Wachovia Dealer Services | | | | “We’ve been successfully assisting our clients in |
| occupied the market at 5.7%, followed by Chase Auto | | | | lowering their monthly car payment by as much as |
| Finance at 4.5%, Toyota Financial Services at 3% and | | | | 50%. Our options include loan modification of an |
| Capital One Auto Finance at 1.8% for the used ones. | | | | existing automobile loan, equity recapture, trade up, sale |
| However, the cost of borrowing has risen for people | | | | or even vehicle refinancing for those individuals who |
| with a low credit score of 500 to 589. Considering the | | | | are in danger of losing their vehicle to repossession. |
| still not so healthy economy with high rates of | | | | Since every situation is unique, only after consulting |
| unemployment, foreclosures, late payments etc., the | | | | with the ARG professionals can you possibly |
| financial institutes do hesitate to approve loans for the | | | | determine what is best for you on an individual |
| risky borrowers. | | | | basis.” Jeffery signs off. |
| Interestingly, Auto Relief Group (ARG), nations leading | | | | About Auto Relief Group: |
| Auto Loan Modification Company, reports increase in | | | | Auto Relief Group was founded to help customers |
| their clientele. “Though the dark phase of recession | | | | deal with their auto loan payments in time of need. |
| affected everybody badly, a service that actually | | | | Over the years each member of their team has |
| bloomed is ‘Auto loan modification’ service. | | | | developed a stellar reputation, and industry connections, |
| Recession brought along many late repayments for | | | | allowing the company to quickly identify opportunities |
| auto loan, even repossessions in worst cases but | | | | and act to assist the clients in their efforts to reduce |
| those who didn’t want their vehicles to be | | | | their payment and keep their car, SUV or truck. |
| repossessed thereby lowering their credit score took | | | | For more information on Auto Relief Group and its |
| the refuge in Auto Relief Group. Apparently, the | | | | scope of services, |
| market for auto loan modification gets the fuel from | | | | Visit: |
| auto loan industry as their borrowers are the | | | | Contact: |
| potential customers for loan modification if they lack | | | | 877.216. |
| enough funds to meet the EMIs,” said Jeffrey | | | | |