This table shows the percentage of American who fall into each given range of credit score. To qualify for the best auto loan rates possible, you typically need a credit score of 720 at minimum. Offers such as 0% auto financing may require even higher credit scores, and a very good debt-to-income ratio. Scores below [...]
How a Short Sale Affects Your Credit
August 28, 2010 Leave a Comment
A short sale will definitely be deleterious to your credit. According to some experts, the drop in your score could total 150 points. That’s enough to drop you several credit tiers, and make credit approval for home loans and conventional auto financing VERY challenging for at least two years. This could mean that financing a [...]
Auto Credit Loosening Up?
August 27, 2010 Leave a Comment
We all know that getting an auto loan is not easy these days. In total, captive lenders, banks, and credit unions are holding more than $30 billion less right now than they did in August 2009. That said, Experience Automotive published news yesterday at Auto Finance Summit 2010 that people with credit ratings between subprime [...]
The True Cost of Credit Score
April 9, 2010 Leave a Comment
If you’re shopping for a car with less-than-perfect credit, you’ve heard again and again about the importance of your credit score for: Getting Approved Determining Your Auto Loan Interest Rate At Buy Here ‘N Pay Here, we pride ourselves on helping consumers accomplish #1: getting approved for Buy Here Pay Here financing. We have only [...]
