Philadelphia, PA -- (SBWIRE) -- 10/01/2019 -- With Black Friday deals coming up, dealerships across the nation will be offering great premiums for new and used cars. Those who are looking to purchase a new vehicle must look at their current credit score and determine what their interest on the loan will be. Quality Credit Repair, one of the go-to credit repair companies in the Philadelphia area, is offering to help clients improve their credit ahead of such big-money purchases.
When banks and dealerships determine what interest rates to charge on auto loans, they always look at clients' FICO credit scores to determine the amount of risk they pose. People with high credit scores have a proven history of exceptional credit usage. Their payment history shows that bills were always paid on time, their revolving utilization indicates that they can responsibly balance their credit limits, and their length of credit history proves that they are good borrowers in the long run.
People with low credit scores will be victims to higher interest rates on their auto loans. Low credit is an indicator of higher risk, prompting lending institutions to charge more. People with the worst credit scores of 300-500 will be seeing interest rates as high as 20% on their auto loans. Generally, newer car models have lower interest rates for a number of reasons, so keep that in mind when car shopping.
All those looking to get an auto loan for the purchase of their new car are encouraged to contact Quality Credit Repair. Quality Credit Repair is a leading credit company offering financial advice and debt counseling in Philadelphia and the surrounding areas. It can take 3-6 months, or longer, to repair credit based on individual situations, so don't hesitate to call now.
About Quality Credit Repair
Quality Credit Repair works to help clients better their credit score and ensure they receive the most accurate credit reports. Their dedicated and highly trained consultants have over 20 years of experience resolving credit related issues. They will review a client's credit report and highlight areas that are harming the scores. The consultant will also layout changes the individual can make to better their credit. The company helps build credit by recommending the opening of secured accounts with certain, trusted lenders. Their services are available to clients anywhere in the country.
For more information, please visit http://www.qualitycreditrepair.com/.