Have you been refused a car lease? Chances are you have less flawed credit
history. Know what's involved and what you can do to build good credit
history.
Credit score is a measure of your credit worthiness used by leasing agents
to determine whether you are eligible for a lease. You credit score is
based on your past and present credit history, and can range anywhere from
350 to 850. A measure above 720 is considered a prime score and will
land you the best rates. If you are below 640, then you are sub-prime
and will be considered bad rating by the bulk of leasing agents. This is
where all the trouble in getting that lease comes from.
Ask for your FICO Credit Score from the Fair Isaac Corporation (FICO)
which details your credit score held by all three leading credit score
agencies in the country. Compare the three credit scores and determine if
any agency is holding erroneous credit data about you. Contact the
reporting agency and getting corrected.
If there are no mistakes in your credit report, then you can take some
steps to maximise your score to go above the threshold of 640. Pay your
bills on time and pay down any credit card debts you have. Do not take any
new accounts as this might increase the likelihood of you getting into bad
credit thus worsening your credit score.
Latest news and information
 Globe and Mail | Chevrolet Volt or Nissan Leaf - Which Auto Lease is a Better Deal? AutoLoanDaily.com GM announced the price of its Chevrolet Volt and a lease option for the electric car Tuesday. The long-range electric sedan will cost $41000 ... How innovative financing will increase demand for electric cars GM to Sell Chevy Volt for $41000; Lease Terms Close to Leaf's 2011 Chevrolet Volt Price Finally Announced |
13 WTHRIndy picked as 1 of 5 cities to launch the electric car WTHR Smart Car will begin leasing their new electric car in Indianapolis in October. The 4 year lease costs about $31000. Friday, the public is invited to stop ... |
Sign and Drive for a Bad Credit Auto Loan Auto Credit Express (blog) The majority of auto loans for bad credit are for purchasing, not leasing, a vehicle. But in addition to the fact that the leasing option is rarely ... |
GATX Corp. Reports Operating Results (10-Q) GuruFocus.com Lease income in North America decreased $22.9 million, primarily due to an average of approximately 3600 fewer cars on lease resulting from lease end ... |
Durable-Goods Orders Slide Wall Street Journal "Based on our data, the equipment finance industry continues to show gradual but steady growth," said William G. Sutton, president of the Equipment Leasing ... |
 Kansas City Star | General Motors to buy AmeriCredit of Fort Worth to lure more car buyers with ... Dallas Morning News Leasing a car helps lower monthly payments and makes luxury cars – which keep their value more over time – much more attractive. GM had been leasing just 7 ... GM deal to buy AmeriCredit gets it back into subprime lending News As Gm Dips Back Into Subprime Lending Will The Deals Get Better GM buys subprime lender for $3.5 billion |
Car leasing users 'should be aware of rules abroad' Hitachi Capital Vehicle Solutions This is according to Skoda and RAC, which have issued advice to motorists who may use their vehicles abroad - such as car leasing users - to note that other ... |
 Honest John | 15 Month leasing offer on a Mercedes Benz CL500 Honest John The car was registered in Nov 2009 and has covered 13000 miles during this period and is finished in Obsidian Black with Black Leather, being the flagship ... |
Lease a car Marketplace (blog) And secondly one of the options we are considering is leasing a new car, but it is tough to discern when you would choose a car lease over a purchase. ... |
 The State | CONSUMER FINANCE: Auto Sales Are Top Consumer Complaint Wall Street Journal Consumers complained about misrepresentations in advertising or sales of new and used cars, lemons, faulty repairs, and towing and leasing disputes. ... Top 10 consumer complaints |
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