Credit Score and Buying a Car Jackson MS

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

Quik Cash
(601) 362-2274
Northside Bailey Ave
Jackson, MS
White System of Jackson Inc Loans
(601) 355-0534
116 S Roach St
Jackson, MS
Cash Connections
(601) 362-1444
4425 N State St
Jackson, MS
Esf-Mheac
(601) 321-5555
2600 Lakeland Ter
Jackson, MS
Mississippi Title Loans
(601) 360-8355
2241 Highway 80 W
Jackson, MS
Apex Lending
(601) 956-4382
1563 E County Line Rd
Jackson, MS
Silver Mine
(601) 982-1603
4631 I
Jackson, MS
Wachovia Mortgage Corporation
(601) 503-2130
188 E Capitol St Ste 100
Jackson, MS
United Credit Corp of Jackson
(601) 922-0084
4253 Robinson St
Jackson, MS
Cash Cow
(601) 352-2274
2241 Highway 80 W
Jackson, MS

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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Related Local Event
Mississippi International Auto Show
Dates: 1/22/2010 - 1/24/2010
Location: Jackson Convention Complex, Jackson
Jackson, MS
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