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
LeaseTrader.com's Auto Lease Transfer Marketplace Brought ... MSNBC - MIAMI, FL - LeaseTrader.com, the nationwide online marketplace for car lease transfers, today announced it has bucked the trend in automotive market ... LeaseTrader.com's Auto Lease Transfer Marketplace Brought ... |
 BBC News | Area auto dealers hope for rebound Traverse City Record Eagle, MI - "We're a fairly lease-intensive market, and Ford has stayed in the leasing business, so we've been able to pick up some market share from Chrysler and GM, ... Video: Chrysler, Toyota, Lead Declines in Auto Sales For Car Companies, It Was a Year to Forget Automakers weather sales declines for 2008 |
Auto sales plunge hits Kentucky, too Kentucky.com, KY - "That has probably cost our dealership 15 to 20 deals a month," Cleaver said of leasing's woes. "It's all about credit," he said. "We're not just car ... |
 WCBD | New program: Lose your job and return your car with little credit ... WCBD, SC - If you involuntarily lose your job within a year of purchase or leasing, you can return your car with little or most likely no damage to your credit. ... Hyundai To Nouveau Pauvre: You Can Return Car Lose Your Job? Return Your Hyundai with Few Strings Hyundai Gives Distressed Consumers Ability To Return Cars |
 National Post | Auto loan business in full gear: Experts Toronto Star, Canada - Banks have stepped up to provide car-loan business as the credit arms of some major car markers have stopped leasing vehicles and been forced to charge more ... Canadians prefer cars from Asia, Europe |
 This is Money | Car leasing: Is it right for you? This is Money, UK - Car leasing can allow new car buyers to choose make and model and enjoy a new motor with less hassle and depreciation, but is it right for you? ... |
Drivers resisting allure of new cars Toronto Star, Canada - "You're not going to work up bills around $3600 on a three-year-old car, but you will by leasing a brand-new car." Meanwhile, a high number of used cars are ... |
 Telegraph.co.uk | Thousands of drivers who bought cars on hire purchase face ... Telegraph.co.uk, United Kingdom - The Finance and Leasing Association, the trade body representing finance houses which handle the business, admitted that thousands of drivers were returning ... Now spectre of negative equity stalks thousands of CAR owners |
BCA Pulse Shows Auction Prices Rising Honest John, UK - This suggests that contract extensions in the leasing sector have not been adopted as was expected by many commentators. With pressures in the new car ... |
Car crashes into leasing office WTHR, IN - Indianapolis - A car crashed into a leasing office at Park Central Apartments on the north side Saturday. The car crushed the outer wall of the office, ... |
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