Know Your Credit Score Before Applying For an Auto Loan

It is important to know what your credit score isof current address, addresses and Zip codes for
before you apply for an auto loan.places you have lived in the past 5 years, date of birth
Finding out your current score ahead of time will helpand social security number.
you determine what lenders may open a new line ofIf you are ever denied credit for any reason, you can
credit for you and what rates you may qualify for.get a free copy of your credit report from the national
To obtain your official credit score you will want tocredit bureaus. Otherwise, the cost to obtain a copy of
obtain a copy of your credit report from each of theyour credit report is usually around $9 but may be
three national credit bureaus - Equifax, Experian andcheaper in some states. You will need to request your
TransUnion. Although Equifax is the most widelycredit score separately. Experian charges an additional
accessed credit bureau, lenders may get their reportsfee for a request, with a combined $14.95 charge for
from one of the other two bureaus. An error on anyboth.
one of these reports could lower your score and resultOnce you obtain your credit score you will know how
in you being denied credit.easily you can get an auto loan with good rates and
Listed below is the contact information for each of theterms. The closer your score is to 750-850, the better
national credit bureaus:off you'll be. If you score is in the 600 range or below
Equifaxyou will want to find out from lenders what the range
Equifax Credit Information Services, Inc.of credit scores they will accept before applying for
P.O. Box 740241any loans.
Atlanta, GA 30374Finding out what range of lenders will accept may also
Experianhelp prevent your credit score from being reduced
National Consumer Assistance Centerfurther. Every time a lender checks your credit score,
P.O. Box 2002the credit bureaus make a record of the inquiry. Too
Allen, TX 75013many inquiries can be seen as a sign of financial
TransUnion LLCinstability and your score could be lowered as a result.
Consumer Disclosure CenterThe time you take to find out your credit score on
P.O. Box 1000your own, will save you time and hassle later on as
Chester, PA 19022you begin searching for an auto loan that is right for
To protect your privacy and verify your identity, eachyou.
bureau requires that you provide your full name, proof