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Credit Scores

‘Best’ Is Not Always Best

AFIP’s executive director reminds us why the word “best” should be avoided when discussing financing or lease rates with customers.

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Auto Finance ‘Running on All Cylinders,' Equifax Reports

Equifax reported today that auto finance’s total outstanding balance reached a record high in the opening quarter. New credit reached an eight-year high, while serious delinquencies fell to their lowest level in more than five years.

Clouds Part for Auto Finance

The unusually cold weather that impacted much of the economy didn’t slow down the auto finance industry, which reached new highs in several critical metrics.

Auto Lease Approvals Rebound Slightly in December

Holiday shopping trends help 2013 finish with healthy credit approvals, Swapalease.com reports.

Credit Health on Approved Leases Strongest Since Recession

More than 77 percent of car lease customers were approved during April, up from 70 percent during the previous month, according to Swapalease.com.

Gov. Cuomo to Credit Reporting Agencies: Protect Sandy Victims

New York Gov. Andrew Cuomo is demanding that credit bureaus give special allowances for Hurricane Sandy victims. The credit reporting agencies, however, say they are already doing their part.

Credit Scores Approach Pre-recession Levels in Q1, Experian Reports

Not only did finance sources finance more customers with lower credit scores, they lowered interest rates and extended terms to help fuel vehicle sales.

Americans Eager to Improve Credit Scores, NFCC Reports

Only 5 percent of respondents to a financial literacy survey said they needed help understanding their credit report, yet a majority of adults have neither ordered their credit report or score in the last 12 months

NADA University Announces Legal, Regulatory Webinars

NADA University announced it is now offering all of its legal and regulatory webinars — live and on-demand — at no cost to NADA and American Truck Dealer members and their staffs.

Interest Rates at Lowest Levels Since 2008, Experian Reports

Experian Automotive announced that the automotive loan market showed continued improvement, with interest rates for new- and used-vehicle loans at their lowest levels since 2008.