Your Credit
Do you have credit questions? We have some credit information that might help.
Credit is an important factor when considering the purchase of a new vehicle as it can have a substantial impact on the outcome of your purchase, so it’s important to know some basic credit information. Things like, what is a credit score, where your credit score ranks, and how your current credit status will impact the financing of your vehicle. Below are some helpful and informative resources that will enable you to better understand credit and help you make smarter decisions with regard to your vehicle financing.
Understanding Your FICO Score
A credit score is a number that summarizes your credit risk based on a snapshot of your credit report at a particular point in time. A credit score helps lenders evaluate your credit report and estimate your credit risk. The most widely used credit scores are FICO® Scores, the credit scores created by FICO.
Check Your Credit Report
Do you know what’s on your credit report? Did you know you can find out what is for free? Simply knowing what’s on your credit report isn’t going to give you a better one, but it can be an excellent start to maintaining knowledge about aspects of your credit.
Understanding Your Credit Report
Not sure what all that information on a credit report means? The three main credit bureaus, Equifax, Experian, and TransUnion, have all provided information about credit reports so you may understand it better.