Building a Better Credit Report

Building a better credit report can be a very simple thing to do with just a little bit of knowledge and can make getting auto loans easier at a better loan rate. The better a person's credit report is, the easier it will be for them to get an auto loan and lower their auto loan interest rate, which will in turn lower monthly payments for auto financing.

Newspapers, television, radio and the internet are filled with companies advertising their expertise in "erasing negative information" within an individual's credit report. These companies are scam artists and cannot erase accurate, negative information from a credit report. It is possible to find car financing with varying loan rates for bad credit, but a person will be able to find auto financing with a better loan rate if they have a good credit report.

The only ways to improve a person's credit rating are time, deliberate effort and a plan to repay bills.

There are many resources available to help consumers build a better credit report. The most important thing is to start right now.

FTC: Building a Better Credit Report
The Federal Trade Commission has issued a number of facts to help consumers build a better credit report. These facts explain your rights, provide recommendations on improving your credit report, tips on handling debt, how to avoid credit-related scams, information about identity theft and resources for further information. These facts are recommended for any type of debt and are applicable to bad auto credit, especially when planning for auto financing. Read the facts from FTC.

My Total Money Makeover
Personal finance planner Dave Ramsey provides a system thousands of individuals and families have implemented to get out of and stay out of debt. This website provides resources, including his radio show, baby step progress tracking, budgeting tools and community forums. Through his process, you can alleviate bad auto credit, learn about auto financing and auto loan rates and prevent a bad credit loan. All of this information will teach you how to improve your credit report by making more knowledgeable finance decisions. Learn about the program.

Auto Loan Calculator
Use our auto loan calculator to calculate your loan interest rate for car financing. This auto loan calculator provides an estimate on how much you may be able to afford each month based on your trade-in value or down payment, the A.P.R. and the auto loan term.