| When it comes to the car buying process, I simply | | | | score. And your overall credit score is the determining |
| cannot stress enough to you that before you ever set | | | | factor as to what type of financing rate you can |
| foot at the dealership you need to have a very good | | | | qualify for. |
| idea of what your financing interest rate is going to be. | | | | If after examining your credit report, there appears to |
| The back end of the car deal at the dealership (or the | | | | be no deleterious entries and your credit history looks |
| finance and insurance office) can be the source of | | | | good, then chances are your credit score is going to |
| very tidy profits for any car dealer. Especially for | | | | be fine. However, if you have some challenges mixed |
| those people who head into the financing aspect of | | | | in amongst your credit, you are going to want to in |
| the car deal without having a clue as to what type of | | | | order to get a report that actually shows your credit |
| interest rate that they qualify for. | | | | score. |
| So how do you no what interest rate you might qualify | | | | Remember, that any unnecessary increase in the |
| for? | | | | interest rate that you must pay for your loan is going |
| In order to get a handle on what type of interest rate | | | | to cost you a lot more per month as far as your car |
| you're going to be up against when buying a car you | | | | payments are concerned. So, make sure that you get |
| first need to know what your credit looks like. And the | | | | both your credit report and your credit score and |
| best way to find out about your credit is to obtain your | | | | make sure if there are errors that you get them |
| credit report and find out what your FICO (Fair Isaac | | | | cleaned up. |
| Corporation) credit score is. | | | | Your credit score ranges from 300 to 850. As a |
| Our federal government has indeed passed a law that | | | | general rule if your credit score is 720 or higher you |
| allows consumers to get one free credit report every | | | | should probably qualify for the best interest rates and |
| 12 months. Once you do obtain your credit report, you | | | | any factory or manufacturer sponsored special |
| want to look it over carefully and check for any false | | | | interest rates. |
| or even duplicate entries. If you do discover any errors | | | | Obviously, the higher your credit score the better. |
| or an equities you should contact the credit bureaus in | | | | If your credit score hovers around 600 or lower... you |
| writing and submit any documentation concerning the | | | | are at a much greater risk of being declined for your |
| error so that it can be removed from your credit | | | | car loan, or at the very least be paying a much higher |
| report. | | | | interest rate. |
| When it comes to the car buying process checking | | | | The bottom line here is simple... when you head into a |
| your credit just simply cannot be left to chance. | | | | car dealership to buy a car, this should not be the first |
| The only drawback obtaining your credit report is the | | | | time that you are taking a look at your credit history |
| fact that this credit report will not contain your credit | | | | and your subsequent credit score. |