May 23, 2012

You are here: Home / Archives for Avoiding Bankruptcy / Credit Repair

Smart Borrowing Tips

May 19, 2012 By

The good folks at Harris Bank offer a number of tips on borrowing that especially apply to people with poor credit

Not just our advice

Financial Literacy Month was in April, but that doesn’t mean any of the tips from Harris Bank are in any way outdated, especially for those with less than perfect credit.

We should know because at Auto Credit Express we’ve spent the last twenty years working with car buyers with poor credit. If you check out our website you’ll see that car loan applicants with low FICO scores can even study subjects such as bankruptcy as well as today’s topic.

We’ll call that topic “what to know before you borrow,” which is also the subject of a recent article from BMO Harris Bank, excerpts of which are below:

An Educated Borrower is a Smart Borrower

“Knowing how, when, and how much to borrow can be difficult to determine,” said Mike Lewis, Regional President, BMO Harris Bank. “But a little research and planning can go a long way to ensuring responsible borrowing and personal financial health.”

Lewis offers some advice on responsible borrowing and how to make sense of the options available.

•    Know your credit score. This number is vital, and will often determine whether you can borrow money, how large a loan you can secure, and what interest rate you’ll pay. Creditors will look at this score to gauge your ability to pay back a loan. It’s made available via three main agencies: TransUnion, Equifax and Experian. Credit reports from these agencies should be checked regularly to ensure accuracy.
•    Manage your credit score. There are many factors that play into a credit score, including your credit history, outstanding debts and your total number of credit accounts and loans. Paying off debt, making payments on time, and not opening new credit accounts will all help bring your credit score up.
•    Understand your responsibility before co-signing anyone else’s credit or loan. If a friend or family member makes that request, be sure you know what you’re signing and have the ability to make payments in the event the primary signator is not able to.
•    Prioritize your debt, whether you’re paying it off or taking out a loan. If you’re faced with multiple sources of debt, make a list and determine which should be paid off first. If possible, make more than the minimum monthly payments to keep interest costs down. When taking on more debt, avoid new credit cards where possible and focus debt where it can help you over the long run – in a home or a college education.

One more thing

We have only one more thing to add to this and that is, if you’ve been turned down for a conventional auto loan, resist the temptation to check out your local tote the note dealer. Doing this won’t help your credit situation and you’ll find yourself in the same predicament the next time you need transportation.

Instead, check out the Auto Credit Express web site where we’ll help find you a dealer for your best chance at an auto loan approval that can help rebuild your car credit.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loan application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , ,

The Right Car with Poor Credit

May 17, 2012 By

Choosing the right kind of car can increase the chances of successfully reestablishing auto credit

Part of the process

Once you’ve have an auto loan approval, it’s time to decide which of the vehicles you’ve qualified for will help you successfully establish your car credit.

This may sound odd especially if, in the past, you’ve qualified for a traditional auto loan. But after two decades of helping applicants with less than perfect credit here at Auto Credit Express, we’ve come up with some suggestions to help you through this particular credit repair process. Specifically, it has to do with choosing the right kind of car.

Keep the budget in mind

Often, credit-challenged buyers with approved auto loans want to finance a van, larger sedan, or even a full-size SUV.  But choosing something like this can lead to problems later on.

In the first place, due to the higher than normal interest rates charged by subprime auto lenders, the monthly payments of many of these types of vehicles put them at or over the limit of most budgets.

Secondly, more expensive car insurance and lower fuel economy also adds to their costs.

Auto Club survey

According to a recent AAA survey, the cost of fuel is among the most important items that can lead to an increase in vehicle operating costs. Based on driving 15,000 miles per year, this is what AAA has determined are the average costs of operating a vehicle based on its size and type:

Small sedan – 43.3 cents per mile or $6,496 per year
Medium sedan – 56.2 cents per mile or $8,436 per year
Minivan – 62.0 cents per mile or $9,301 per year
Large sedan – 70.2 cents per mile or $10,530 per year
4WD SUV – 73.9 cents per mile or $11,085 per year

The total costs allow for depreciation as well as fuel, tire, and car insurance expenses – all important considerations if you have bad credit.

Year over year costs

The report also noted that “The small sedan category experienced the smallest increase of the five categories of vehicles, rising only 2.9 percent from last year to 43.3 cents per mile or $6,496 per year, based on 15,000 miles of yearly driving. The minimal increase was primarily due to the increased popularity of small sedans led by higher fuel prices. It resulted in the small sedan category being the only one where depreciation costs were lower than last year, falling 1.9 percent.”

This means that buyers, regardless of their credit, can save over $2,000 a year just by choosing a small sedan instead of a midsize one – savings that can be used to shorten the loan term or lower the payment and free up money to pay other bills.

The Bottom Line

Financing a vehicle if you’re someone with less than perfect credit means that it’s time to get practical when picking one out. By doing this and making your monthly payments on time, the next car you buy will qualify for a lower interest rate.

We do have one more suggestion: at Auto Credit Express we assist people with credit issues in finding a dealer that can offer them their best chance for an auto loan approval.

So if you find yourself in this situation and you’re ready to reestablish your car credit, you can begin now by filling out our online car loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , ,

Improve Your Credit Scores

May 10, 2012 By

No less of an authority than the US Government has some words of wisdom for improving your FICO scores

Helping your auto credit

Here at Auto Credit Express we’ve spent a great deal of time over the past twenty years helping car shoppers with less than perfect credit find a dealer that understands these situations that can help get them approved auto loans. We even designed a website that contains a resource section on topics such as repossession and basic car loan requirements.

And while we also offer suggestions on how to repair credit, we recently came across an article from the U.S. Government’s web portal that seems to sum up perfectly the process of improving your personal credit.

This is what it had to say:

5 Steps to Help You Improve Your Credit Score

So what should you do if you want to improve or maintain a good credit score? The following tips might help.

1) Request a free credit report

You can request a free copy of your report every 12 months from each of the three main credit bureaus: Equifax, Experian and TransUnion.

The official website to get your free credit report is www.annualcreditreport.com.

2) Understand Your Credit Report

Understanding your credit report will help you make better decisions when it comes to your finances, because your credit score is based on your credit report. It includes personal information about you such as:

•    Your payment history.
•    How many loans you have and how much you owe.
•    If you have ever filed for bankruptcy.

3) Check Your Credit Report

Sometimes information on your credit report might be incorrect or incomplete. That’s why you should check it periodically.

If you do find a mistake, these agencies must:

•    Investigate the discrepancy usually within 30 days and correct it if necessary.
•    Notify the company that provided the incorrect information.
•    Provide you with a free copy of your credit report if changes are made.

The Federal Trade Commission has more detailed information on how to access free credit reports.

4) Pay Your Bills on Time

Paying your bills on time is an important factor in determining your credit score and showing your creditors that you are a responsible consumer. But there are other factors that might impact your credit score:

•    Be selective when you apply for credit as too many applications may negatively affect your score.
•    Don’t go over your credit limits. In fact, it is better to stay well below them.
•    Pay down your debt with regular payments.

5) Get Professional Help

A budget might help you pay your bills on time. If you owe too much or are unable to pay your bills, you might want to consider a credit counseling agency. They can help you to manage your finances or figure out a plan to pay off your debt.

Be careful when seeking out these services, they might charge excessive fees and that can put you deeper in debt. The Federal Trade Commission has more information about credit counseling agencies and how they can help you improve your credit score.

One more thing

In some instances, just raising your credit scores won’t qualify you for a traditional car loan.

If this happens, before you visit a tote the note dealer you should know that at Auto Credit Express we work with dealers that understand a broad range of credit issues and can offer you your best chance for approved auto loans.

So if you’re ready to establish your car credit, you can begin now by filling out our online car loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , ,

Credit Repair using Debt Settlement

May 8, 2012 By

Debt settlement may not be the best way consumers with less than perfect credit try to turn themselves around

Credit repair

Quite often credit-challenged applicants want to know if there are quicker or easier ways to fix bad credit.

And while everyone’s credit situation is different, we know it usually takes time to do this because here at Auto Credit Express we’ve been working with car shoppers with less than perfect credit for the last two decades. It’s also why our website contains information on issues ranging from no credit auto loans to today’s topic, debt settlement.

Questions about debt settlement

But since we’re not experts on the topic, we’ll turn to those who are.

Not that long ago the Illinois CPA Society issued a press release dealing with this very topic. Here are some questions and answers it contained:

How Does Debt Settlement Work?

Simply stated, debt settlement is an approach to debt reduction in which the debtor and the creditor agree on a reduced balance that will be regarded as payment in full. A credit company must have a solid reason to believe that you are actually unable to pay them before entering into a debt settlement agreement. Unfortunately, you prove this by not paying them which is an instant black mark on your credit score that doesn’t go away for seven years. Once you’ve proven you can’t pay them, you must negotiate a balance you can pay. The debt doesn’t go away, it just gets lowered.

What are some of the Consequences of Debt Settlement?

In addition to having already hurt your credit score by non-payment, you must pay the negotiated balance immediately. Also, any debt that is forgiven is considered income – and you will have to pay taxes on that income.  

Are There Alternative Solutions?

You can call your credit card companies and ask them to reduce your rate. Point out that you’ve been a loyal customer who’s paid on time in the past. If the first person you speak to isn’t authorized to lower your rate, ask to speak to a supervisor.  Be persistent and assertive.

Also try to get rid of your payments faster by trying to pay more than the minimum; even $5 makes a difference.

How do you get on top of already large minimum payments?

Cut out extras to make it work and pay your credit balances down first – no more premium cable, expensive data packages on your phone or eating out too many lunches or dinners. What you save goes to paying your credit card.  Also consider selling through consignment shops or eBay things you bought but aren’t using.  Look at your budget and lifestyle carefully to see where you’re living outside of your means and identify where you can cut back.

The Bottom Line

As the Illinois CPA society puts it, “Debt settlement is a serious decision with serious repercussions. It’s important to think beyond your current situation. With debt settlement you’ll have a black mark on your credit report that could keep you from any number of new things you’d like in the future – a house, apartment, job or car.”

Also keep in mind that if you have auto credit issues and you’ve been turned down by a traditional lender, you have more choices than just a tote the note dealer.

That’s because here at Auto Credit Express we work with dealers that understand a broad range of credit issues and, even with poor credit, can offer you your best chance for approved auto loans.

So if you’re ready to establish your car credit, you can begin now by filling out our online car loan application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , , ,

True Free Credit Scores

May 6, 2012 By

There is at least one website where consumers can get a free credit score any time they want

The best things

Even credit-challenged car buyers might finish the above title with the words “in life are free.”

But we know this usually isn’t the case here at Auto Credit Express, where we’ve been involved in helping people qualify for bad credit auto loans through a nearby dealer for over 20 years.  We even developed a web site so applicants understand aspects of the loan process including credit life insurance as well as today’s topic, how to get a free credit score.

Improving your karma

As far as free goes, you can probably count outdoor parks, the occasional art gallery and one credit report per year from each of the major bureaus. But practically everything else, including your FICO scores, requires that you cough up some bucks.

In the case of credit scores, that either means signing up for a trial version one of the services offered by either the credit bureaus or an outside company or making a one-time purchase at a cost of $14.95 (Experian) to $15.95 (Equifax) per month (try finding a price on the TransUnion site and good luck to you).

So this is what you were faced with. You were, that is, until San Francisco-based CreditKarma.com came onto the scene.

Here is how the company explained it in one of their initial press releases:

Credit Karma, a resource that helps empower consumers to actively manage their financial health, today (12/12/08) announced an agreement with TrueCredit.com, a leading provider of credit reports and consumer credit education, that will enable consumers to obtain their TransUnion credit scores at no cost. Both companies believe that it is more important than ever to provide consumers with the tools and information to better understand how lenders are evaluating them.

“Credit scores are being scrutinized more than ever before, so it is critical for consumers to know what their score is and how it’s likely to be viewed by a lender,” said Lucy Duni, vice president of Consumer Education at TrueCredit.com by TransUnion. “Since your credit score is derived from the data in your credit report, reviewing your report on a regular basis is also essential to gaining a truly holistic view of your overall finances.”

“We are proud to partner with TrueCredit.com to provide consumers with the chance to access their score for free,” said Kenneth Lin, founder and CEO of Credit Karma. “Credit scores are a window into one’s financial health, and Credit Karma remains committed to giving consumers free access to that score as well as educating them about the tools they can use to understand it.”

To obtain your free TransUnion score from Credit Karma, visit their web site at: http://www.creditkarma.com/

The catch

Since your free credit score comes from TransUnion, it’s important to remember that it can vary from bureau to bureau. This means the scores from both Equifax and Experian could be either higher or lower than the one you receive through Credit Karma.

One other thing that should be pointed out is that in order to receive your score from Credit Karma you have to endure marketing offers from various companies that are based on your credit score in order to view the results.

The flip side, however, is that by signing up you can also use the tools supplied by the web site to track your credit score as well as take advantage of the credit and finance information found on the site.

The Bottom Line

Even taking into consideration the marketing pitch hassles, one free credit score is better than none and it will give you a real idea of where you currently stand. From this perspective, maybe this does qualify as one of the best things in life.

Another thing that probably qualifies can be found at Auto Credit Express, where we forward your information to dealers that understand a wide spectrum of credit situations and can offer applicants their best chance for an auto loan approval.

So if you’re ready to reestablish your car credit, you can begin now by filling out our online car loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , ,

Your Credit and Identity Theft

May 5, 2012 By

Even if you are just beginning your efforts at credit repair you should still be concerned about preventing identity theft

Credit repair

Rebuilding your credit can be tough. We know because our business here at Auto Credit Express is to match up credit-challenged applicants with auto dealers that can help them secure bad credit car loans.

Our web site also provides potential applicants with as much real world information as possible so that they are able to make decisions on how to approach the auto credit repair process, since a poor decision could result in some negative consequences including trapping them in a loan they can’t afford.

This usually results in repossession and, if this happens, the only remaining choice for buyers is a tote the note car dealer. It also means that the credit rebuilding process has to be put on hold for at least a year, since even subprime lenders will only consider an applicant if the repossession listed on a credit reports is over a year old.

This also underscores the need for customers with poor credit to exercise caution when it comes to sharing their personal information online at this critical time.

But a press release from the Texas Society of CPAs reminds us that we need to watch our offline habits, as well.

Identity theft

The press release reminds us that there is more to identity theft than just information tampering online. Here are three tips from TSCPA to help you guard against offline identity theft:

Tip #1: Do away with pre-screened credit card offers.

You see junk mail, thieves see an opportunity to raid your finances. You can opt out of receiving pre-screened credit card offers by calling 1-888-5OPTOUT.

Tip #2: Check your credit report regularly.

Order a free credit report at least once a year from each of the three credit bureaus – Equifax, Experian and TransUnion. Just go to www.AnnualCreditReport.com or call 877-322-8228. You can space it out to get one copy of your credit report every four months and review them carefully for any unauthorized address changes and new accounts that you didn’t open.

Tip #3: Treat mail with care.

Don’t put bill payments in your home mailbox for pick-up by the mail carrier. Instead, drop them off at the post office. Or, consider installing a locked mailbox at your residence or using a post office box. If you’re going out of town, be sure to contact the U.S. Postal Service and request a vacation hold on your mail.

TSCPA also has more prevention tips, as well as a compilation of online resources, at its web site: www.ValueYourMoney.org

Helping you reestablish your credit

You should also know that at Auto Credit Express we help people experiencing car credit difficulties find a dealer that will treat them with understanding and respect and give them their best chance for an auto loan approval.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , ,

Tricks Your Credit Cards Are Playing to Get More of Your Money

May 3, 2012 By

If you’ve been choosing plastic over paper for some time now (that is, if you’ve been using credit cards over cash for most of your purchases), you’re probably well aware of just how little your creditors actually care about you.  I’m sure it came as quite a shock when you opened that initial credit card bill, and discovered that a good chunk of your bill was going to pay down interest rate hikes and other arbitrary fees.

Instead of keeping their customer’s best interests in mind, card companies will continually look for ways to screw them out of more of their hard-earned duckets, leaving many looking for debt relief the next time they open a bill.  And now that the federal government has stepped in on behalf of the rest of us and passed laws designed to protect from defaults, interest hikes and the like, creditors are devising new ways to take your happy buck back from you.  If you’re not careful, you’ll end up with a list of unwanted charges and find yourself in need of credit repair services fast.  Here are just a few of the methods to watch out for, so you won’t be too surprised the next time your bill comes in…

  • The grace period. Many with credit cards are already aware of the “grace period” – the time you have to pay off a new purchase before you’re hit with a finance charge.  These grace periods vary by creditor and consumer, so while some people may have a little bit of extra time to pay off a purchase, others have been slapped with the finance charge almost as soon as they make the purchase in the first place, it seems.  Luckily, card companies are forced to send your bill early enough so that you can avoid the finance charge entirely – assuming you have the money in your account to pay the bill in the first place.

  • Weekend/holiday fees. If you’ve ever paid your credit card bill over the weekend, or you received a bill with a due date over a holiday like Christmas, and paid it the following week (say the bill was due Saturday, but you pay it the following Monday), you may have been hit with an extra processing fee.  This can cause real headaches, especially around the holidays, when money flows like eggnog.  Luckily, this is also one of the easiest extra charges to avoid as well.  The Credit CARD Act of 2009 states that card companies are no longer allowed to charge you a late fee for paying the day after a weekend or holiday, but anything after that is fair game.  Avoid the charge by paying a day or two before the weekend.

  • Using your card overseas (or not). I went on a Eurotrip (well, actually more of a England/Ireland trip) a few years ago, and was shocked and dismayed when I saw my credit card bill after I got back home.  I had figured they’d charge me a fee for currency conversion, but damn if it wasn’t a lot more than I had thought it would be.  Some card companies won’t even wait for you to go overseas; if you purchase anything online from another country, like some sweet rims for your ’95 Honda Civic from Japan, and your payment is processed in yen, you’ll be hit just as hard as I was.  The solution?  Don’t buy anything online from a foreign country if you don’t want to pay any more for it than you already are.

  • Inactivity fees. Here’s a fee we’re all hit with at some point in time, assuming you’ve got cards that you stop using for an extended period of time.  Your creditors don’t like being neglected, and so start looking for ways to recapture your attention – which generally translates to charging you an inactivity fee as a wake-up call.  Thankfully, such charges have since been outlawed, but card companies already have a follow-up charge waiting in the wings if you fail to make a minimum amount of purchases by year’s end.  So either keep making those charges, or if you don’t plan on using the card ever again, close it to avoid the hassle.
Filed Under: Credit Repair, News Tagged With: , , , , , , , , ,

Not So Free Credit Scores

May 3, 2012 By

Those offers for free credit scores usually are not free but there is a way you can do it all on your own

Your credit reports

Most loan decisions are based on credit scores, but it can also help if you’re credit-challenged to see your credit reports before applying at a dealer that specializes in bad credit auto sales.

Here at Auto Credit Express we’ve seen the kind of difference this can make. In fact, for over the two decades we’ve been helping applicants with low FICO scores find a dealer that understands their credit situations. Our website, which we designed, even contains information on issues such as finding a dealer and repossession as well as today’s topic, those not so free credit scores.

Credit score ads

If you watch television, you’ve probably seen commercials offering people a free credit score (an FTC ruling means they can’t use this wording for credit reports). Since it seems too good to be true, are these scores (actually scores and credit reports) really free?

A number of companies such as freescore360.com will, for a fee, furnish you with a credit report and a credit score from each credit bureau. Credit monitoring services are also available.

It takes a lot of money to run these ads so somehow these companies are making money. So what’s the catch?

The fact is they want you to visit their web sites so you’ll sign up for additional paid services. Once on these sites you’ll be asked for your name, address, Email address and phone number – all this before you even give them your Social Security Number. Throughout the process, you’ll usually see a “special offers” box that you have to uncheck if you don’t want to receive any.

Not only that, but your “free” credit scores usually start the clock on a trial offer that, if not cancelled within a set time period, could enroll you in a subscription service that will charge your debit or credit card each month.

If this is what you’re looking for, that’s all well and good.

But there is one site where you can view and print your credit reports from each of the three credit bureaus without costing a dime.

Credit reports

The Fair Credit Reporting Act, passed by Congress in 1970, enables consumers to have access to the information in their credit files. In 2003, another law (the Fair and Accurate Credit Transactions Act or FACTA) revised the original act and requires each credit bureau to furnish consumers, on request, with one credit report per year at no charge, as well as access to their FICO scores for a reasonable fee (not free but at least available).

This can be done in one of three ways: You can contact each bureau in writing, you can each one individually at a toll-free number, or you can visit one website: www.annualcreditreport.com.

If you choose to go the web site route, you’ll need to furnish information that establishes your identity. Once validated, you can view and download your reports immediately.

What else you should know

If the credit scores you receive fall below a 640 FICO we want you to know that here at Auto Credit Express we’ll help you locate a dealer for your best chance at an auto loan approval.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , ,

Avoiding Credit Repair Fraud

April 27, 2012 By

When it comes to credit repair if it seems too good to be true it probably is

Offers to help your credit

When it comes to repairing your car credit, a problem credit auto loan is usually the only choice. You can ignore many of the advertisements you see in the newspapers, on television and on the internet. But don’t just take our word for it, how about that of the FTC?

The fact is, we’ve come across these offers hundreds of times here at Auto Credit Express where for over the twenty years we’ve helped applicants with bad credit find a dealer that understands these credit situations. Our website even contains information on topics such as used car inspections and bankruptcy as well as today’s topic, avoiding credit fraudsters.

Credit repair offers

“Credit problems? No problem!”
“We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”

We know you’ve seen these and more advertisements that offer to repair credit quickly. Here is what the Federal Trade Commission has to say:

Every day, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The truth is, these companies can’t deliver an improved credit report for you using the tactics they promote. It’s illegal: No one can remove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in fees, you’re left with the same credit report and someone else has your money.

If you see a credit repair offer, here’s how to tell if the company behind it is up to no good:

•    The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.
•    The company doesn’t tell you your rights and what you can do for yourself for free.
•    The company recommends that you do not contact any of the three major national credit reporting companies directly.
•    The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.
•    The company suggests that you try to invent a “new” credit identity — and then, a new credit report — by applying for an Employer Identification Number to use instead of your Social Security number.
•    The company advises you to dispute all the information in your credit report, regardless of its accuracy or timeliness.

How this can affect you

There is also another point to consider and that is how contracting with one of these credit repair agencies could get you into trouble if you follow the wrong advice.

According to the FTC, “If you follow illegal advice and commit fraud, you may find yourself in legal hot water, too: It’s a federal crime to lie on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses. You could be charged and prosecuted for mail or wire fraud if you use the mail, telephone, or Internet to apply for credit and provide false information.”

The Bottom Line

Beware of credit repair companies that make promises that seem too good to be true. In the end, chances are this is the case.

And one more thing: here at Auto Credit Express all we can promise is that if you are credit-challenged, we’ll help you locate a dealer for your best chance at an auto loan approval.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , , ,

Boosting Your Credit Repair

April 21, 2012 By

In addition to bad credit car loans there are other services out there that credit challenged consumers can use to further help their FICO scores

Just the beginning

People applying for loans from subprime auto lenders sometimes ask us if there is anything else they can do to improve their credit scores.

We get these questions because for the past twenty years at Auto Credit Express we’ve been helping applicants with less than perfect credit find a dealer that understands their credit situations. Our website is even designed so that consumers with credit problems can look up such subjects as in house financing and repossession as well as today’s topic, increasing your credit repair efforts during a non prime car loan.

Understanding credit repair

Even during a loan designed to reestablish your car credit, if you haven’t already done so, now is the time to make sure the information contained in your credit reports is accurate.

Realizing that a number of our applicants might take advantage of this opportunity, we created a new web site at FutureCreditScore.com.

At the same time, we signed an agreement with a Michigan-based company, United Credit Education Services, to offer these individuals an additional credit repair service.

UCES

United Credit Education Services (UCES), which is affiliated with a federal credit union, is a financial services company that deals with credit education and restoration. Top-rated by the Better Business Bureau, they guide consumers through the process of disputing inaccurate, erroneous and obsolete information in their credit files.

If you decide this is the way you want to go, you’ll find yourself using a web-based application and working with a team of experienced professionals that can offer you the chance to raise your credit scores quickly and legally.

This means that if low FICO scores have prevented you from getting approved auto loans or if you’re not satisfied with either the interest rate or terms of your current car loan you can, with the help of the professionals at UCES, take the necessary steps to repair your credit and improve your credit scores at all three credit bureaus.

If you’d like more information on the process required to correct information contained in your credit reports as well as improve your FICO scores, go to www.futurecreditscore.com.

The Bottom Line

  • If you have low credit scores and you’re currently financing a vehicle, now is the perfect time to make sure your next car will be financed at a lower interest rate.
  • You should also know that at Auto Credit Express we help people experiencing car credit difficulties find a dealer for their best chance at an auto loan approval.

So if you really want to get your auto credit on track, you can begin now by filling out our online auto loans application.

Filed Under: Auto Loan Debt, Credit Repair, News Tagged With: , , , , , , , ,
« Older Posts