Leasing with bad credit

Leasing with bad credit

Have you been refused a car lease? Chances are you have less flawed credit 

history. Know what’s involved and what you can do to build good credit 

history. 

Credit score is a measure of your credit worthiness used by leasing agents

to determine whether you are eligible for a lease. You credit score is 

based on your past and present credit history, and can range anywhere from

350 to 850. A measure above 720 is considered a “prime score” and will

land you the best rates. If you are below 640, then you are “sub-prime” 

and will be considered bad rating by the bulk of leasing agents. This is

where all the trouble in getting that lease comes from.

Ask for your FICO Credit Score from the Fair Isaac Corporation (FICO) 

which details your credit score held by all three leading credit score 

agencies in the country. Compare the three credit scores and determine if 

any agency is holding erroneous credit data about you. Contact the 

reporting agency and getting corrected.

If there are no mistakes in your credit report, then you can take some 

steps to maximise your score to go above the threshold of 640. Pay your 

bills on time and pay down any credit card debts you have. Do not take any 

new accounts as this might increase the likelihood of you getting into bad

credit thus worsening your credit score.

Leasing with bad credit

بقلم محمد عمايرة

محمد عمايرة 14 سنه ، مدون أردني مهووس بالتقنيه والتكنولوجيا الحديثه ويهتم بكل ما هو جديد في عالم التقنية والانترنت

شارك الموضوع مع اصدقائك؟

اذا كان لديك اي استفسار عزيزي الزائر بامكانك وضعه في تعليق!