From the Credit Union Times today:
The New York Times pointed to the National Credit Union Foundation’s efforts to help borrowers with poor credit get car loans.
In an opinion piece on More Than Wheels, a program that provides low-interest loans on new or used cars, the guest author responded to questions from readers on some of the logistics. Since its launch in 2001, More Than Wheels said, it has helped nearly 1,500 families finance more than $15 million in loans.
Author Lisa Margonelli wrote, “With its emphasis on financial education and credit repair, More Than Wheels will likely need to grow organically to maintain its integrity. But many other institutions could, and should, get involved in providing low-interest auto loans.”
She then cited the National Credit Union Foundation’s list of CU programs that helps borrowers with impaired credit get affordable car loans. Click to Continue Reading…