My name is Gary Freitas. I am in charge of getting you the best
financing deal that is possible towards your vehicle purchase here at
Ashley Ford. We have a great history of financing vehicles for owners
that thought that their credit placed them far away from the car, truck
or SUV they wanted or needed. We are thoroughly committed to getting you
the credit that you deserve and the vehicle you require. Make certain
that you call me with your questions or concerns at 888-695-1747, ext.
Your credit report influences your ability to obtain purchases on credit
as well as your ability to rent an apartment, purchase a home, secure a
job or even buy insurance. Although credit problems are common, few
people understand how their credit history is collected and reported.
Some of the following information may help in understanding your credit
rating. It will show how this rating can "change your life."
Your Credit Score
The information in your credit history is used to create your credit
score, a three-digit number that shows how likely you are to pay your
debts. The higher the score the more likely you are to be a good credit
risk. For example: FICA credit scores which are produced by the Fair
Isaac and Co. and used by more than 70 of the nations top 100 financial
institutions, range from 400s to about 850. Usually you need a score of
at lease 600 to apply for a mortgage. Some companies charge lower
interest rates to people with higher scores.
Bad Credit Hurts
People may want to check your credit history before they give you a job,
lease on an apartment or house, a bank account, telephone service or an
insurance policy. If your score is low, you may have to explain why. If
your score is too low, you may not get what you want or you may be
asked to pay more for it.
Your Credit History
If you have never seen your credit report or if you have not checked it
in the past two years, you should request a copy from at lease one of
the reporting agencies that we have listed. Check the report carefully
to make certain there are no errors reflected in your credit report. You
can correct a mistake by showing proof of the error to both the entity
that reported the error and the reporting agency but it may take some
tie and effort.
You may request your credit report from these agencies:
Equifax Information Services LLC
P.O. Box 740241
Atlanta, GA 30374
Consumer Disclosure Center
P.O. Box 1000
Chester, PA 19022
National Consumer Assistance Center
P.O. Box 2104
Allen, TX 75013
Steps Toward Better Credit
1. Pay bills on time. Late payments reflect on your credit history
2. If you owe a lot on your credit cards, make at lease the miimum
payment each month
3. If you do not have a source of credit such as a credit card, get one
and make the minimum payments; this way you will build a good history.
4. Do not apply for more credit than you require. Applications will show
up on your credit report and may cause potential creditors to think
that you are about to take on more debt.
5. Don't ignore your debt obligations. If you are experiencing problems
making minimum payments, contact your credit and work out a reduced
payment plan. If you cannot work out a reduced payment plan with your
creditors, contact a credit counseling service for assistance. Your
creditors may be ore receptive to a well known third party.
Getting a Vehicle
Credit Acceptance is an indirect sales financial services company
specializing in products and services for a network of automobile
dealers in North America and Europe. Credit Acceptance provides
automobile dealers with financing sources for consumers with limited
access to credit and delivers credit approval in less than 30 seconds
through the internet. Through its financing program, Credit Acceptance
helps its clients improve their credit score by making timely monthly
payments that Credit Acceptance reports to the three major credit
I hope you have found this information both informative and
enlightening. By continuing our history of matching cars to people, enve
those who may think that a vehicle is out of their reach may find it is
not. Ashley Ford works with their community. Let us work with you!
888-695-1747, ext. 6125