From the Wall Street Journal
Chrysler Financial, once the financial arm of the new Chrysler Group LLC, will dismiss roughly 350 employees, or 9% of its work force.
More than 100 of the layoffs are effective Tuesday and will come primarily out of the company's sales teams. Another 240 will come at the end of August, when a customer call center in Kansas City, Mo., will be closed, the… Continue
Added by JJ Hornblass on June 30, 2009 at 9:54pm —
there are many online financial tools that can be used to reduce the cumbersome activities while shopping online or making payments online.one of these is Billeo which has one many awards for its effectiveness.it provides a password manager which saves all the passwords from various shopping sites and bank accounts, along with providing a unique password for each account.it also auto fills forms at online checkout counters.it creates a budget, keeps a track of transactions and reminds you of… Continue
Added by steve on June 26, 2009 at 10:30am —
Manage all of your online payments, receipts and passwords using one easy-to-use tool. Billeo helps you pay bills and shop online, making your online life easier and more secure.
When you download Billeo you get :
A Shopping Assistant which helps you : auto-login to favorite stores
auto-fill credit card and address details during checkout
access reports to analyze your recent shopping activity
A Bill Pay Assistant which helps you : earn… Continue
Added by steve on June 25, 2009 at 10:30am —
GMAC LLC has reportedly
cut floorplan financing from about 80 dealers, or 6% of the surviving Chrysler dealerbase. Without floorplan financing, those dealers face daunting prospects, and are likely to fail.
There is no surprise in GMAC's action. The pseudo-captive is merely behaving like a financial institution should, dispensing risk with care.
What is surprising is that… Continue
Added by JJ Hornblass on June 25, 2009 at 9:32am —
Remember when you could offer $1 buy-out at the end of the lease period? Maybe that is too far back for some of you. I have been in auto and equipment leasing.
If you do it correctly, you could do well in this arena. It gives consumers another alternative.
Anyone remember open-end leases or fmv leases? These are a few avenues that the finance industry may want to reconsider.
Added by Cindy McClelland on June 24, 2009 at 6:22pm —
If there’s one component of finance that’s gotten hammered hard in the past year, it’s leasing. Like lenders, lessors have tightened underwriting across the board. What makes things more difficult is the fact that so many lessors have curtailed their businesses or exited the market altogether. In a nutshell: Fewer providers are offering leases, and of those that remain, qualification standards are tough.
Technically, it would seem that leasing would be a popular option these days,… Continue
Added by Marcie Belles on June 24, 2009 at 12:40pm —
the best way to do any kind of business online is to subscibe to a financial site like billeo.com which provides what it calls an online shopping assistant that not only keeps a check on all your online activities, but also keeps a list of all bills that need to be paid. it also has an auto fill option which will fill up the form on a shopping site automatically, thus eliminating the pop up window completely.thus just looking through your detials on the site will give you an idea about all… Continue
Added by steve on June 24, 2009 at 11:00am —
A de novo dealership floorplanning continues to move toward an initial public offering -- albeit a small one. Today, Lincoln Floorplanning Co. Inc. filed its fifth amendment to its first IPO filing in December. No offering date has been set yet for Lincoln.
Lincoln is a new venture. Daytona Beach, Fla.-based Lincoln has never earned a penny of revenue from operations and it won't until capital is raised. The company had about $7,500 in its bank account at the end of last… Continue
Added by JJ Hornblass on June 22, 2009 at 11:45pm —
We are very pleased to announce that Balboa Insurance
is the Diamond Sponsor for the 2009 Auto Finance Summit.
Balboa Insurance is a provider of risk mitigation products and services for the auto finance community.
Also participating as sponsors of the 2009 Auto Finance Summit are Fiserv
and Experian Automotive
The 2009 Auto Finance… Continue
Added by Mike Gibb on June 22, 2009 at 10:30am —
Billeo is the essential toolbar for anyone who makes transactions online. From start to finish Billeo's unique combination of features make any transaction - from online shopping purchases to bill payments - easier,faster, and more secure. Billeo creates a private, encrypted vault on your own computer where all your website login details and eWallet data are stored, available to assist you just when you need it, so you never have to remember a password or fill out a form manually again. Billeo… Continue
Added by steve on June 19, 2009 at 8:29am —
Billeo will help you to closely monitor and control your spending habits, and accounts such as retirement, credit cards, bill payments and much more. Provides a huge number of incoming and outgoing categories so you can see where your money goes. It is simple but clever enough not only for the home but also small business. Billeo provides easy to understand core reports that tell you when bills are coming up, Actual vs Budget and graphical charts to view your income and outgoings at a glance.… Continue
Added by steve on June 18, 2009 at 11:00am —
"People today conduct most of their financial transactions online. These transactions are quite cumbersome if you forget to pay your bills on time or if you hate to fill up the long forms at the shopping website every time you buy something. Also sometimes in the thrill of a new acquisition, you may forget that the money spent is actually needed elsewhere.
There is a solution for this in the form of websites
that serve as online financial tools.
They not only… Continue
Added by steve on June 17, 2009 at 11:30am —
Amid all the worst-is-behind-us sentiments being tossed about these days, auto loan delinquencies are still on the rise, TransUnion says.
In data released yesterday, TransUnion indicated that the year-over-year national 60-day auto delinquency rate increased 27.69% in the first quarter of 2009 to 0.83%. While that is not a terribly high number, TransUnion expects the 60-day delinquency to continue its march higher:
TransUnion's national 60-day auto delinquency rate… Continue
Added by JJ Hornblass on June 16, 2009 at 2:00pm —
Everyone wants to get more than what they pay for! How about a marketing program which delivers more than advertised? Everyone needs sales and some momentum - here's a program for you to consider: Performance Based Marketing. Check this out:
We identify people exactly
when they are ready to buy. It's why our campaigns work!
* We know how to identify customers currently in the market to buy your product!
* We're so sure of our ability we will pay to market to… Continue
Added by John Butler on June 16, 2009 at 11:11am —
Technology can help you:
Everyone is reducing staff and biting the bullet. How can your managers and people continue to do it all with a much smaller staff? What if you lack the special finance expert you think you need to run this business?
The kind of tool you need is one that can function as “special finance in a box.” Technology can do the work of a seasoned special finance manager, just much faster. You need a tool that can calculate the potential profitability of… Continue
Added by John Butler on June 16, 2009 at 11:04am —
It’s tougher than ever to plan your finances. But it’s also easier than ever to find help on the cheap.
There are a host of Web sites that help you lay out a budget and track your spending and investments. Some let you set up a plan for a long-term goal, like college or retirement, and others offer advice about where to put your money. And many of these services are free of charge.
Billeo is one of the best sites and offers a Bill Pay Assistant, A Shopping Assistant and a… Continue
Added by steve on June 16, 2009 at 10:30am —
Now that the Federal Government's strangely name "Cash For Clunkers" automotive sales stimulus bill has been approved by both the House of Representatives and the US Senate, I am seeing quite a few dealership management teams making plans and preparing marketing, advertising and promotional messages designed to leverage the $1,000,000,000.00 earmarked as cash incentives to customers for buying a newer, more fuel efficient vehicles... With the cash on the hood at between $3,500 and $4,500 per… Continue
Added by Ralph Paglia on June 15, 2009 at 11:57pm —
Thinking of buying a car but your bad credit holds you back from securing especially when you think of financing it. The reasons for having poor credit can be numerous like past bankruptcy or simply default payment on either credit… Continue
Added by Williams Orchard on June 15, 2009 at 5:00am —
there is an urgent need to organise the details that are primary to shopping online, for eg: the names and passwords of various banks and credit cards. this is where a secure financial website like
come into the picture, it remembers the bank account, credit card numbers and passwords and automatically fills in the forms at most of the websites.
Added by steve on June 12, 2009 at 9:29am —
Shopping online is generally too much of a hassle, what with most people, hating to fill up all the various forms, trying vainly to remember the account no. and password, while the virtual shopping cart stands with amazing stuff that one has filled it with. this is where sites like
step in to do the dirty work of providing crutches to the memory. once registration at the site is done and all necessary details provided, the site will auto fill all… Continue
Added by steve on June 12, 2009 at 9:05am —