Maintain Your Credit Score through Auto Loan Modification © Auto Relief Group http://autoreliefgroup.com

3 Factors – While Purchasing a Car Loan Price of The Car Monthly Payment & Duration FICO® Score © Auto Relief Group http://autoreliefgroup.com Depends on the Car –Your Choice Lowering the monthly payment increases the duration amount –Your Choice FICO® Score - They Determine your interest rate

It is the representation of your credit worthiness Your risk to your auto lender More your Score, Less Risky you are © Auto Relief Group http://autoreliefgroup.com What is FICO? FICO was created by The Fair Isaac Corporation as the first credit scoring system for a bank credit card in 1970. Simply…. It shows you will not run away, but will pay!

35% — Payment History: Late payments on bills, such as a mortgage, credit card or automobile loan etc., 30% — Credit Utilization: The ratio of current revolving debt (such as credit card balances) to the total available revolving credit (credit limits) 15% — Length of Credit: Consumer’s credit history age, assuming they pay their bills, it can have a positive impact on their FICO score. 10% — Types of Credit Used: Installment, revolving, Consumer Finance 10% — Amount of credit obtained recently: Applying for lots of new credit (card) in a short period of time is also viewed as risky and can cause a drop in an individual’s score © Auto Relief Group http://autoreliefgroup.com When FICO® Score gets affected? Formulae for calculating FICO® is a guarded Secret. Yet, FICO disclosed few factors which affects its score…

Repossession of the vehicle Late payment Loan for higher interest rate will seriously affect your Credit Score. Repossession affects your chance of obtaining loan for the next vehicle © Auto Relief Group http://autoreliefgroup.com FICO® Score: In Obtaining An Auto Loan In most of the cases late payment occurs because you don’t have cash to pay higher amount. The chance of paying them would be higher if the amount is lesser

Auto Loan modification would be the best choice Assisting the clients in lowering their monthly car payment by as much as 50% The options includes, Loan modification of an existing automobile loan Equity recapture Trade up Sale of the vehicle Vehicle refinancing (for those individuals who are in danger of losing their vehicle to repossession). © Auto Relief Group http://autoreliefgroup.com Reduce your Auto Loan From the words of Auto Relief Group, nations leading Auto Loan Modification Company.

Auto Relief Group was founded to help customers deal with their auto loan payments in time of need. Over the years each member of their team has developed a stellar reputation, and industry connections, allowing the company to quickly identify opportunities and act to assist the clients in their efforts to reduce their payment and keep their car, SUV or truck. © Auto Relief Group http://autoreliefgroup.com Auto Relief Group

© Auto Relief Group http://autoreliefgroup.com