Car Credit Facts Has information on bad credit car loans. There are several articles on FICO scores and what it means when getting a car loan. Information on how to take some quick steps to improve the FICO score for better car loan rates. How FICO score is used when giving car loans rates. Finally just how much does having bad credit cost not in just getting a car loan but for anything.
Car Credit Facts how much is bad credit costing when getting a car loan. If the FICO score is below a certain number then it is considered a subprime borrower. FICO score is calculated mainly on late pays, using too much of the available credit on say credit cards. Apply for credit sparingly are just some of the topics covered on carcreditfacts.com and how to improve the credit score.
Car Credit Facts http://www.carcreditfacts.com has tips on how to improve the credit score so people looking for a car can get a car loan or get a better rate on a car loan. Information on how to check the FICO report for errors and getting those errors corrected. How just paying bills on time can help increase your credit score. About 30% of the score is on paying bills on time so just some minor changes can have a huge impact on what a person pays in car loan interest rates.
Some less know tips on getting better car loans are having a larger down payment. This shows any lender that this is a serious purchase and the more someone has invested the less the risk is for the lender. The shorter the term on a car can also lower the interest rate on a car purchase. Again it is showing any lender that the risk is less in this situation.
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Car Credit Facts is dedicated to helping people get a car loan, insurance and information in helping them improve their credit and making smart car purchases,