Auto Loan
Auto Loan: Take it for a test drive
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December 05, 2001

By: Bev Dodd

Auto Loan: Take it for a test drive

Maintaining a high credit score before you get an auto loan isn't that difficult. Also keep your insurance up to date after you get an auto loan could save you money. We'll discuss this more below.

Maintaining your high credit score should be an ongoing process, not a task you rush into when buying a car or applying for a auto loan. In fact, that's the worst time. Banks will reject you if you have current disputed items on your credit report, until it resolves in 30 days. It can take 60 days to clean up your credit score, so don't apply for any new credit until all disputes are resolved and you verified the FICO Score.

Make sure you keep your auto insurance up to date after you obtain a auto loan. If you don't, many lenders will add single interest insurance. It only covers the lender, does not satisfy your legal obligation to provide no-fault insurance, and costs substantially more than you'd pay if you obtained full coverage insurance yourself.

Never enter a dealer without competing quotes to keep them in line and for you to get the best price for your auto loan. Show them you did your homework and get your instant credit history report and FICO credit score.

For more information on Auto Loan, or to choose from a variety of related products and services, choose from the following:

Auto loans | Bad credit approval | Consolidation loan | Home buyers | Personal loan online | Refinance

About The Author:

Bev Dodd is a successful author and publisher of  Many have commented that her website offers the best recommendations, links and information on loans, mortgages and financing.

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