The power and popularity of mobile computing and the Internet has ushered in a new era of E-commerce. Our reliance on the Internet for making purchases and getting information is expected to grow exponentially for decades to come. This has motivated application developers to create easy to use mobile and web applications. There are many tools available for consumers to use to better edify themselves, before and during the buying process. One such tool is the auto loan calculator.
Our auto loan calculator is not unlike the ones used by car dealers all over the country. Once you fill in the required information like the purchase price, loan term, cash down, interest rate, fees, taxes, trade allowance and the payoff on your existing vehicle, your estimated monthly payment will be generated. The final terms of your car loan will be based solely on your credit standing, you employment status, and your Initial Investment. Using a payment estimator helps give you an idea of what to expect during the car buying process.
Once you have an estimation of what your monthly payment could be, fill out the pre-approval form. Shortly after you complete the form, you will be contacted by one of our Loan specialists.
Are you working? Do you get a pension? Are you getting a social security or disability check every month? If so, it will give you a leg up in your quest to get approved. Fill out the form and get pre-approved.
There are many different Credit Scores that creditors use to assess your credit worthiness such as NextGen, VantageScore, EMPIRICA and BEACON, but the most widely used Credit Score is the FICO Score. According to MyFICO.com, your FICO Score is calculated using 5 variables. Payment history, Amounts owed, Length of credit history, Types of credit in use, and New credit. I’m sure nobody told you all that when you took your first dive into the world of borrowing money and managing credit. Most of us end up having credit issues because we did not receive adequate guidance on how to manage our credit. In fact most of us don’t get adequate information of how to manage our finances. Well there is no better time than the present to begin to reverse the trend in your favor.
Here are a few things you can do right now to help improve your credit score.
Set up automatic payments Dispute errors on your credit report Negotiate with creditors you currently owe Get a secure credit card Only use 30% or less of you credit card balance Don’t close any old credit cards you have Start paying on your outstanding loans because is reflects lower utilization of credit