Technology article: Leasing and your Credit Score
Article Tips > Technology
Your credit score is part of the leasing decision. When you apply for alease, your lease company will typically look at your credit score to
decide whether you to approve the application.
The leasing contract stipulates that you make regular, monthly payments
over your lease term. The credit score you lease company requests
identifies how likely you are to make such payments. It is simply a number
calculated according to a model that takes into account your payment
history, any amounts you owe and credit currently in use.
It is very important to keep a good credit-score, usually above 700, to
qualify for a lease or any other lending decision. Start by ordering your
credit report from Fair Isaac Corp, the company that creates your credit
score. If erroneous data is held about you, then contact the creditor
responsible and get such information corrected.
Your payment history is the single most important factor in determining
your credit score, so get in the habit of paying everything you owe on time
and keep the balances low in your credit cards.
About the author of Leasing and your Credit Score
John Ugoshowa. For more information about Auto Leasing see the Auto Leasing section of The Free Ad Forum at http://www.thefreeadforum.com/infowizards/SUB/Auto-Leasing_103_1.htmlAdditional technology articles
Where to Find a Locksmith?
When you think of locksmiths, you probably think about being locked ou...When you think of locksmiths, you probably think about being locked ou
Benefits of Leasing
Despite aggressive low-interest financing, cash-back offers and other ...Despite aggressive low-interest financing, cash-back offers and other