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FICO, created by The Fair Isaac Corporation as the first credit scoring system for a bank credit card in 1970, is the representation of your credit worthiness, i.e., your risk to your auto lender. If your score is less, you will not be fit for a loan. So, more your score, less risky you are. That shows you will not run away, but you will pay!

Credit score Most of the auto lenders will look into one of your FICO® scores to determine the rate they will offer you.

Credit score Most of the auto lenders will look into one of your FICO® scores to determine the rate they will offer you.

Thousands of people are suffering from foreclosures and repossessions due to the sub-prime loan crisis in the market. People who had a low FICO/ credit score had an opportunity to buy their own cars, automobiles, etc by obtaining a sub-prime loan.

If you consider repairing your credit, ensure that you submit your credit report and review it. However, restoring your credit with easy results; this may sound attractive to anyone hampered by poor FICO scores but it's very difficult to do so.

If you consider repairing your credit, ensure that you submit your credit report and review it. However, restoring your credit with easy results; this may sound attractive to anyone hampered by poor FICO scores but it's very difficult to do so. If you are in such a bad state, try indirect method...

In 2010 more and more people will opt for all kinds of loan from home to estate to auto. While the economic crisis has just brushed away the sinking market, it's time to invest wisely.  And as Obama keeps some of us sailing through our past hefty home loans through his "Mortgage Modification Program," it's important that you don't lose your FICO scores in other acquired loans such as Auto.

Is Now the Right Time to Buy a Car? Whenever people think of buying a car (whether they have sufficient fund or not) the first question they get is, "is it the right time to buy the car", "when is the best time to buy a car". There is no reason to consider them as wrong. He argues even the people who laugh at this will ask the same when they think of buying a car.

Credit card holders are asked not interest to close their credit card account as it will affect their credit score. They are clueless as they do...

The recent federal law has put a restriction on the interest rate charged on credit card holders. Thus, credit card companies are charging fess for some or the other thing to make up for their lost revenues.