| If you've recently tried to get an auto loan to buy a | | | | How much have they changed? In general, a 720 |
| new car, you may have been disappointed at the loan | | | | credit score used to qualify for excellent credit. Now, |
| you were offered. You may have even been denied. | | | | to be considered excellent credit and get approved for |
| The mortgage and credit crisis trickles all the way | | | | the best rates you need a 760 in most cases. That's |
| down to personal loans and car loans, and even | | | | not to say you can't get a loan with a lower score, but |
| people with good credit are finding difficulty with | | | | you may have to pay a premium. |
| securing the loan they need to purchase a new car. | | | | What's frustrating many people is that the difference |
| That's not good news for the auto industry, which is | | | | between what is considered fair credit and good credit |
| already struggling to survive. Not only are car sales | | | | may be just a couple points. Had they known their |
| down on a whole, but the people who need to buy a | | | | credit score before applying for a loan and realized |
| car are finding they can't because of the new, stricter | | | | they were just a couple points short of qualifying for a |
| bank standards. Banks simply can't take the financial | | | | good credit auto loan, things could have been different. |
| risk they use to be able to, and their minimum credit | | | | There are several small, easy steps that can be made |
| score standards before they can even begin to | | | | to raise your score 50 - 100 points, but first you need |
| negotiate have changed. | | | | to know where you stand on the credit scoring scale. |