Delray Beach, FL (PRWEB) August 27, 2010
Now more than ever consumers are finding that virtually any decision that can impact them financially hinges on their credit score. Purchasing a vehicle is no exception. NationalCreditReport.com, a leader in credit report, credit score and credit monitoring services, reminds consumers that even their ability to get a car is impacted by the information the three major credit bureaus (Experian™, Equifax™, and TransUnion™) include in credit reports.
“Some people purchasing or leasing a vehicle may not realize that being able to buy one involves more than just finding a car and getting a car loan. Credit score definitely comes into play more than one might think,” said Samuel S. Ambrose, Vice President of Marketing and Operations of NationalCreditReport.com. “My advice is ‘before you attempt a lease or purchase, obtain your personal credit report and focus on getting a good credit score so you can not only acquire a car loan, but also secure auto insurance.’”
According to Ambrose, there are two main reasons that getting a good credit score is important for car buyers:
- Getting a car loan - Credit scores are the primary factor lenders take into account when they obtain your personal credit report. A consumer’s credit score is a number associated with their financial risk and compiled by the three major credit bureaus. The higher the car-buyer’s score is, the less of a risk they are in the eyes of the auto lender. Getting a good credit score can help consumers obtain a better interest rate on the car loan which can save them a lot of money over time.
- Securing auto insurance - Some insurance companies develop the price of the insurance policy by looking at the applicant’s credit score. Automobile insurance companies can obtain a personal credit report to determine insurance risk.
According to Ambrose, any person about to embark on a large purchase like this should obtain their personal credit report which will show them which areas, if any, they need to improve upon to get the best interest rates and insurance policies available to them.
At the company’s website, http://www.nationalcreditreport.com, consumers are able to sign up for a free credit score and a free, seven-day trial of its Triple Safeguard Credit Monitoring service. Credit monitoring benefits car-buyers by alerting them via e-mail if any changes occur in their credit report.
For individuals who do not want to participate in a credit monitoring service, the company also allows customers to obtain a personal credit report and score for one low price with “no strings attached.” Interested customers can visit http://www.nationalcreditreport.com/nostringsoffer to buy their credit report and score.
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them improve their personal credit report and prevent identity theft. NationalCreditReport.com encourages consumers to obtain their credit report on a regular basis.