Auto Financing with Bad Credit Written by Steve Wilson
Purchasing a new car can be a fun and exhilarating time. However, for those with less than perfect credit purchasing a new car can be stressful and exhausting as they try to locate auto financing for their new vehicle. Many people experience difficult times at one point or another in their lives, and in many cases their credit rating suffers. When you have bad credit, many lenders see you as a high risk and are reluctant to lend you money to make your purchase. If you find a lender that is willing to provide financing you should expect to pay a higher interest rate than someone who has a better credit rating. If you do have bad credit and are looking to make a new car purchase there are several things you can do to make obtaining an auto loan a little easier. Before applying for any type of auto financing you should obtain a copy of your credit report and credit score. It is important to know what potential lenders will see before you start looking for a loan. It is recommended that you obtain a copy of your credit report at least once per year, before making a major purchase or if you have been turned down for credit. Obtaining a copy of your credit report will not lower your credit score and will list all of your outstanding credit card and loan debts, as well as any collections you have. You can obtain a copy of your report by contacting credit reporting agencies directly •Equifax: (800) 685-1111, www.equifax.com •Experian (formerly TRW): (888) 397-3742, www.experian.com •TransUnion: (800) 888-4213, www.transunion.com Carefully review your report to ensure that everything is accurate and take immediate steps to correct any inaccurate or wrong information. Each negative item on your credit report goes to lower your credit score. Your credit score will determine whether or not a lender will be able to lend you money, and if so at what interest rate. Traditionally lower your credit score, higher interest rate you can expect to pay. If you are not planning to make your vehicle purchase immediately, and your credit is less than perfect, you may want to look into ways to improve your credit before you apply for your auto loan. There are a number of excellent online resources such as MyFICO.com www.myfico.com that will not only sell you a copy of your credit report and score, but also provide calculators that will help you determine affect of certain actions such as paying off $1000 on your credit card, or how consolidating your debt will affect your credit,. If you have any accounts that are in collections, paying those off can quickly help you improve your credit score.
| | The Easy Way To Buy InsuranceWritten by Jim De Fazio
We all know importance of having right insurance whether it’s Health, Home, Life, Auto or Long Term Care. We also know that there are many different types of policies and just as many different prices. Who doesn’t want to think that they are getting best coverage for best price? That being said, who has time to call five or six different companies to get best rates or patience to wade through stacks of junk mail that we all get with each one claiming to save you money on your insurance needs? Well there is an easier way! There are many online websites that will give you a quote on your insurance needs but which ones are reliable? Here are some tips that should help. 1.Avoid companies that only offer you one quote from one company. This is no better than you having to call various insurance companies to compare prices.
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