Your credit rating is the number one factor that affects the auto loan rate you receive for your financing.  Do you know what kind of credit you have? We have outlined the various different credit types below. In addition to studying the information on this page, we suggest that you obtain a copy of your credit report before you apply for an auto loan. Why? Because if your credit score is less than expected, you may want to look to improve your score before you apply for financing; so that the terms and rates you receive are more favorable than if you don't look to better your rating. Or there may be erroneous information or even outdated information on your credit report, that is adversely effecting your credit score, and needs to be removed.

If you credit is not what you expected, or you have no credit, you can learn information on how to boost your credit score.

**Regarding the information below...please note that a tradeline is any credit or loan that is listed on your credit report. A tradeline can include credit cards, mortgages, auto loans, etc..

EXCELLENT CREDIT
-- Credit score of 680 or above.
-- Consists of at least five years of credit with a minimum of five tradelines. Each tradeline must have no less than 36 months of reported payments.
-- Typical credit history will indicate minimal credit credit line usage. Meaning you use your credit cards frequently, but do not leave a balance on a month-to-month basis.
-- No sign of late payments.
-- Very few credit inquiries.
-- Being a homeowner for two years helps.
-- Employment at the same job for one year.
-- Live at the same address for one year.

GOOD CREDIT
-- Credit score between 620 and 679.
-- Consists of at least three years of credit with a minimum of three tradelines. Each tradeline must have no less than 12 months of reported payments.
-- Typical credit card history will indicate credit card usage with minimal usage of credit lines.
-- No delinquent account. Payment history must be current. One late payments is OK.
-- Being a homeowner for for one year helps.
-- Employment at the same job for six months.
-- Live at the same address for six months.
-- No repossessions.
-- Bankruptcy OK as long as it has been discharged for a minimum of two years. You must also exhibit a strong history of re-establishing your credit.
-- Few credit inquiries.

FAIR CREDIT
-- Credit score between 560 - 619.
-- Consists of at least three years of credit with a minimum of three tradelines. Each tradeline must have no less than one year of reported payments.
-- Minimal use of credit card lines.
-- Being a homeowner helps.
-- Credit history will reflect several late payments. Accounts will still show as 'paid as agreed'.
-- Can have had two different jobs in the last year, but must be currently employed for at least six months. 
-- Can have a maximum of two different addresses in last year.
-- Bankruptcy discharge is OK. Attempt at re-establishing credit helps.
-- Several credit inquiries in the last year.

BAD CREDIT
-- Credit score between 400 - 559.
-- Reflective credit history of less than three years.
-- High credit card line use.
-- More than one delinquent account, over extended periods of time.
-- Accounts in collection.
-- Active bankruptcy.
-- Many credit inquiries in the last year.

NO CREDIT
-- No numerical credit score available from the reporting agencies

Home | APPLY NOW | How The Program Works | FAQ | Payment Calculator | Today's Rates
Contact Us | Site Map | Dealer Network | Affiliates
Customer Testimonials | Reestablishing Credit | Used Cars vs. New Cars | Auto Purchasing Tips
Loan Glossary | What Credit Type Are You?

Specializing in providing low rates for:
Bad Credit | No Credit | Students | Bankruptcy