How Good Is Your Credit?

1. How Good Is Your Credit?

2. Regardless of your past or present credit issues, Car Loans Kingston will do whatever it takes to get you the best rate and payment you qualify for. Here are different credit profiles. Which one do you think you would fit into?

3. Different Credit Profiles Good Credit: Consumers with good credit demonstrated a “paid as agreed” credit history for at least three years. “Unapplied for” derogatory items on the credit report such as medical bills, and civil judgments from non-creditors are often ignored. Good Credit Consumers have has “paid as agreed” installment credit such as mortgage or an auto loan within the last three years. Major derogatory items such as repossession or bankruptcy should have happened over three years ago.

4. Fair Credit: Consumers with fair credit history will have demonstrated a “paid as agreed” credit history for at least two years. They may have the occasional late payment. Consumers without “paid as agreed” installment credit such as mortgage or an auto loan within the last two years should have substantial good revolving credit. Major derogatory items such as repossession and bankruptcy happened over eighteen months ago. Bad Credit or No Credit: Consumers with little or no applied for credit. May have numerous unapplied for charge-off accounts such as bad checks, unpaid medical bills and utility bills, small unpaid charge accounts and unresolved repossessions over two years old.

5. Really Bad Credit: • Consumers with credit problems that cannot be isolated to a single event. A long term history of bad credit • For example: • Multiple Bankruptcies • Multiple Repossessions outside of bankruptcy at different times • Significant bad credit after a bankruptcy. • Current delinquent on all existing obligations • Repossessions less then one year old • History of writing bad checks over a long period of time.

6. Situational Bad Credit or Slow Play: • Consumers with a situational credit problem. You can usually identify a significant economic disaster or event that caused the credit situation. • For Example: • Divorce • Illness or Injury • Loss of Employment • Bankruptcy due to medical problems, credit card debt or loss of income.

7. Whether your credit is perfect, if you have had a few blemishes or a bankruptcy, Car Loans Kingston can help. We will not turn you away because of your credit. We are here to help you rebuild and reestablish your credit. If you have any questions or concerns, don’t hesitate to contact us at 613-549-7353 or jeff@kingstondodge.com.  Buckle Up and Get Ready To Revive Your Drive! Source: www.autocreditexpress.com