Finance Questions

Archive for June, 2005

Question: How do I get Car Finance, with a bad credit history?

I have a good job now but have a bit of a dodgy credit history so I keep getting refused Car Finance, please help!!!

Answer: 1. Get someone to co-sign for you.
2. To rectify your credit make sure you pay your bills on time, pay as early as possible. One day late hurts your credit score.
3. Get rid of all but 2 or 3 credit cards, don't get rid of the oldest ones, credit companies look to see how old those accounts are and it brings up you're credit score.
4. I don't live in your country so can't tell you where to go for a loan.
5. Putting down as much money on car purchase as possible will lower your interest rate and increase your chances.
Good Luck

Car Finance Made Simple

Question: What is the number to pay your GMAC auto loan by phone?

I need the number for the GMAC auto financing department to pay by telephone. I think it was/is called TruePay. I don't know the new number to pay by phone.

Answer: Try 1-800-200-4622

GMAC Financing Commercial - Another One from Sedelmaier