Credit Score and Buying a Car Huntsville TX

Check your credit report and know your credit score before you buy a car. If you're planning on financing your car with an auto loan, it's useful to know your credit score so you get the best interest rate.

Local Companies

Covington Credit
(936) 293-8090
1026 12th St
Huntsville, TX
Ace Cash Express
(936) 291-7668
2805 Sam Houston Ave
Huntsville, TX
Toledo Finance Corp
(936) 295-3718
1208 University Ave
Huntsville, TX
Check 'n Go
(936) 438-8748
179 Interstate 45 S
Huntsville, TX
Ez Money Loan Services
(936) 291-0876
1707 11th St
Huntsville, TX
Ez Money Loan Services
(936) 291-0876
1707 11th St
Huntsville, TX
Rainbow Financial Services
(936) 291-1221
1022 12th St
Huntsville, TX
Ez Money Loan Services
(936) 291-0876
1707 11th St
Huntsville, TX
Sunbelt Credit
(936) 291-2291
1206 Sam Houston Ave
Huntsville, TX
World Finance Corporation
(936) 291-9085
1018 12th St
Huntsville, TX

No one likes buying a car; the entire process is awkward and cumbersome. Most items we buy are plainly marked with the price, but with cars, the price is often a mystery. Then you have to haggle with a salesman and hope that you have worked out the best price possible. Having done that, you have to arrange financing. You can often get an acceptable interest rate when financing through the dealer, but some dealers are padding their bottom line by offering loans at higher rates than they otherwise might.

The scam works like this – You negotiate your best price with the dealer and you agree to finance through them. You fill out the credit application and hand it over to the salesman, who has promised you some reasonable terms. He takes off to process the application and to check your credit report while you have a cup of coffee. He returns a few minutes later, shaking his head. He informs you that your credit score is only 600 and that you will not qualify for the interest rate he offered you. He says that you will have to pay a higher rate. And not knowing any better, you agree.

Had you done your homework by checking your credit score ahead of time, you would have known your actual credit score and you could have pointed out that the salesman's assessment of your credit score was incorrect. At that point, you could insist upon receiving the more favorable interest rate or threaten to finance elsewhere. This is a common scam that works because most people really do not know their exact credit score.

Learning your credit score is easy. All you have to do is visit the Websites of one of the three major credit bureaus – Experian, Trans Union or Equifax. For a modest fee, you can receive a copy of your credit report with your credit score. Armed with this useful piece of information, you can shop for a car with a bit more peace of mind, knowing ahead of time whether or not you can qualify for the best financing.

About the Author:

©Copyright 2006 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing. Retro Marketing, established in 1978, is a firm devoted to informational Websites, including http://www.LemonLawHelp.net, a site devoted to automobile lemon laws.


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Featured Local Company

SeattleTacomaAutoLoan.com

713-261-8465
Nasa Rd.
Houston, TX
http://www.seattletacomaautoloan.com


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