Chrysler LLC recently introduced a special 6.9 percent financing rate for people with B-tier credit, according to a news report from the Detroit Free Press.

With financial institutions tightening lending guidelines, the move is expected to help dealers finance mid-level credit consumers. Last year, people with B-tier credit could get financing at about 12 percent or higher, executives said.

So far this year, Chrysler’s U.S. sales are down 15.5 percent. The company now hopes that lower loan rates will help dealers move more vehicles, with company officials saying that consumers with B-credit shouldn’t be penalized because of the overall credit situation.