Instead of applying for typical car loans, [unemployed] Americans with poor credit scores are utilizing lease locator companies, much like AutoLeaseLocator.com for thousands of cars available for take over payments.
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Los Angeles (PRWEB) October 14, 2011
Jobless Americans with outstanding 2011 and 2012 Unemployment Extension claims have utilized auto lease payment takeover programs for new cars, due to credit requirements, announces Unemployment-Extension.Org.
Unemployment rates have certainly been a popular topic of discussion this year, with unemployment extension benefits being a main concern of the general American public. A topic that has received less discussion however, has been the difficulty in obtaining auto financing.
Unemployment-Extension.Org reports show that an increasing number of Unemployment Extension applicants have used a car lease take-over payment alternative instead of applying for traditional lending options.
Instead of applying for typical car loans, Americans with poor credit scores are utilizing lease locator companies, much like AutoLeaseLocator.com for thousands of cars available for take over payments.
The process seems to work, and is relatively simple: the original car owner cannot afford their vehicle for what is owed on it, then the AutoLeaseLocator connects the owner to an individual who takes over the remainder of the car payments.
The consumers who have used the service have certainly appreciated the service, as it is obviously a much needed program in this economy.
Any unemployment extension inquires are to be made at Unemployment-Extension.Org. One can utilize the take over car payments program at AutoLeaseLocator.com.