The Importance of Knowing Your Credit Score

TORONTO - April 3, 2020 - PRLog -- If you had to write down your credit score, would you know the number? Your credit has a big impact on your life, which is why you should know your score. Good Fellow's Auto Wholesalers has put together a list of reasons why you should know your credit score.

Better Financing Options
The most important reason to know your FICO assessment score is because of its effect on your ability to secure a loan. Knowing your score will save you time and effort before placing an auto loan application, and it can even help you secure better terms. A better score will result in lower interest rates, higher loan amounts, and much quicker approval. Lower scores may result in denials, higher interest rates, and lower approved loan amounts.

Better Credit Card Rewards
Consumers with higher credit scores tend to be offered lower interest rates on their credit card loans. Many high credit consumers can secure credit cards with a 0% introductory APR fee, and in many cases, more lucrative credit card incentives...

Read More: https://www.goodfellowsauto.com/auto-loan-tips/the-import...

Contact Us
If you need help improving your score or securing a loan on a used vehicle, Good Fellow's Auto Wholesalers can help. Give us a call at 1 (855) 581-9590 to find out more about our auto financing services.