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Until 8 years ago or so, I had no idea what a personal credit report even looked like....or what it even said about me.

Even worse, I had absolutely no idea what my Credit Score was and what it meant to my bank accounts.  A few years spent in the Automotive Industry opened my eyes.

Now it's time for me to open yours.

Did you know that something as ridiculous as a 2 point drop in your credit score will force you to spend almost $1,100 more on a 5 year car loan.

That's right - if your credit score drops from a 700 to a 698....you are no longer a Tier 1 Credit Risk....and the Interest Rate you'll now pay is 2% - 4% higher.  You might as well just hand-over your wallet or purse.

Here's a bit more info for you regarding your personal credit report and credit score....so you can hold on to you wallet or purse!



Has Your Credit Score Taken A Hit


Have you moved in the last 24 months?  If so, your personal credit report will indicate that....and your Credit Score will decrease

Have you ever done something as simple as be 30 days overdue on a single bill....in the last 7 years?  If so, a delinquency code is on your personal credit report and your credit score has been decreased.

Have you changed Jobs in the last 24 months?  That will negatively impact your personal credit report as well.

Have you ever asked for a credit limit increase on any of your credit cards?  That negatively impacts your personal credit report as well.

Have you been transferring Credit Card balances from one Credit Card to another to take advantage of lower interest rates?  It's a mistake that millions make every month....and it severely impacts your credit report every time you do it.

Last year, 10 million people were victims of identity theft.  And most of them did not find out about the theft till they applied for credit, were turned down....and then decided to review their personal credit report.

On average, victims ofIdentity TheftOfficial Social Security & FTC Identity Theft Info labor for 16 months, waste almost 200 hundred hours of their personal time and spend more than $1000 clearing their names.

Other than Identify Theft, all of the examples listed above can be turned around - if you know how Credit Reports and Credit Scores work!

Read on!



What Your Credit Report Says And How It's Used


The actual credit scoring system and credit report was developed by a company called Fair-Isaac (a quasi-governmental-type group).  Today, all that Data is now managed by Trans Union, Experian and Equifax.

These three companies have complete control over what gets reported and how it impacts your credit scores and personal credit reports.

And every Lending Institution in the Country relies on data from one of the three companies - each and  every single time they have to make a credit decision.

Here's an example -  US Bank uses Equifax, Wells Fargo Bank uses Experian and Honda Finance uses Trans Union. 

Each assigns a credit score, based on the history in your credit report, which determines if you'll get the credit you're wanting....and what interest rate you'll end up with.

Credit Scores are generally broken down as follows -

700+ Score - you're considered Tier 1 - considered excellent by lenders and typically offered the best rates.

650 - 699 - you're considered Tier 2 - considered good by lenders and typically offered interest rates 1% - 4% higher than Tier 1 borrowers.

600 - 649 - you're considered Tier 3 - considered fair by lenders and typically offered rates between 8% and 12%.

550 - 599 - you're considered Tier 4 - considered poor by lender and typically offered rates between 13% and 22%.

350 - 499 - you're considered Tier 5 - considered very poor by lenders and typically offered interest rates similar to what the Mafia lends at.



Get Your Credit Report For Free....Sort Of


Recently, I've been seeing a lot of advertising on the Internet and TV offering to provide you a Free Personal Credit Report.  Heck, there's probably 200,000 Web Sites that make that offer.

Ok - listen carefully - almost 99% of those ad's are a crock.


There are only two ways to get a FREE Credit Report.  And yes, they both have string's attached. 

The first way to get a Free Credit Report.... is to get turned down for credit. 

The second way is to wait for your once-a-year window to request your Free Credit Report.  This is a newer program just recently put in place (2005) which was mandated by the Feds.

The Web Site you need to visit to see if it's "your time" to get Free Credit Reports is Annual Credit Report.com.

Whether you can get the "Freebie" Credit Report now or not, there is still one very, very important piece of data missing....

Your Credit Score

Yep, that's right.  You get the "Free" Credit Report....without a Credit Score.  You get only half the information you need to truly understand what's up with your Credit.

That's like ordering a "King Cut" of Prime Rib and getting the "Petite Cut".

So, you need to get hold of your score.  And the only way to do that is....pay for it.



Why Your Credit Score Is THE Most Important Item On Your Credit Report


Whenever you apply for credit, the first thing the lender or creditor does is pull your Credit Report....and find your credit score.   

The lender then knows what the score is and begins to make his or her decision regarding your request and the terms that will be offered to you.

Here's a real-life example of what happens in the U.S. every single day - at least 10,000 times a day....

Let's say you're looking to purchase a new car - it's a very popular sedan that currently offers Manufacturer Financing of 2.9% for 60 months.

You go through the entire buying process, finally agree to a price and are ready to finish your new car purchase

You then give the Dealer all of your personal information and they run a credit report.  You sit back and get ready to finish up.  Then the Salesperson walks "slooowwwly" back to where you are sitting.

He says "I'm sorry, but your credit score doesn't qualify for the 2.9% financing".

Every day, thousands of folks are absolutely shocked when the salesperson tells them they don't qualify for the loan they wanted.

You see, that special 2.9% financing requires a 720 Credit Score and no record of any delinquencies on your personal credit report.

It's humiliating....and something you definitely were not expecting.  The real problem here is this - you don't know what your credit score is and therefore, you don't know what terms and conditions you qualify for.  It's a scenario you can't win.

Now, the best Interest Rate you now qualify for is 5.9% for 60 months, so you'll be paying $46 a month extra - or $2,760 during the term of that loan. 

This wonderful practice happens every day.  And the only way it's going to stop, is for you to have a current copy of your Credit Report with a Credit Score listed.

I suggest getting your complete credit report form Trans Union.  They have very strict scoring models and if you score well with them, you don't need to worry what Credit Bureau a Lender uses.

Spend a few bucks now.....and save yourself a lot of grief later.















I do have an obligation to point out that not all Car Makers, Dealers, Salespeople, Insurance Companies and Banks are greedy or crooked.  This site is dedicated to honest Companies and their Professional Employees who've grown weary of the ignorant and classless giving the automotive related industry a black eye......a black eye that I feel is very close to being permanent.

By using these new and used car guides, I hope to be able to help you find the Best Businesses, and the Professionals that represent them, with very little effort on your part and help you....

Save More Money and More Time Than You Ever Have Before.

It is also my hope that these Companies and the Professionals that represent them will have more business than they can handle - a reward they justly deserve.

Thank you for visiting My New Car Purchase - and please take 5 seconds to or perhaps let a friend or relative know about us - Click here to send this page to a friend.

I guarantee that you will have an exceptional experience the next time you buy a car, van, truck or SUV - again, thank you for visiting this Web Site!

Tom O'Leary  - "A Concerned Dad....and Automotive Analyst"

New Car Purchase - Exceptional New Car Purchase Advice and Automobile Purchase Strategies for your next new car or used automobile purchase.

Feel free to e-mail me at: Tom at my new car purchase (no spaces) dot com - or take a few seconds to send a question or comment by Clicking here

P.S. Make sure you check out the My New Car Purchase Blog.

To see specific information on how to have the best new car purchase you've ever had, click on the My New Car Purchase links listed below.








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Best & Worst Picks
 For 2006 - 2007
Cars, Trucks, Vans & SUVs

Best Picks for  2006 - 2007*




    NSX
    MDX
    RSX
    RL
    TL
    TSX
    A4
    A6
    TT
    5 Series
    6 Series
    325 Series
    330 Series
    X3
    7 Series
    X5 Series
    Z4
    Rainier
    XLR
    CTS
    SRX
    STS
    Corvette
    Monte Carlo
    SSR
    K1500 Silverado Pickup
    Avalanche
    K2500 Silverado HD Pickup
    K3500 Silverado Pickup
    Trailblazer
    Colorado Pickup
    Equinox
    Express Cargo Van
    Suburban
    Tahoe
    Pacifica
    Town & Country
    Crossfire
    PT Cruiser
    300 Series
    Viper
    Dakota Pickup
    Durango
    RAM 1500 Series Pickup
    RAM 2500 Series Pickup
    RAM 3500 Series Pickup
    Freestyle
    Five Hundred
    Mustang
    Thunderbird
    F150 Series Pickup
    F250 Super Duty Pickup
    F350 Super Duty Pickup
    Econoline Van
    Econoline Wagon
    Escape
    Excursion
    Expedition
    Explorer
    Ranger Pickup
    K1500 Sierra Pickup
    K2500 Sierra HD Pickup
    K3500 Sierra Pickup
    Savana Cargo Van
    Yukon
    Canyon Pickup
    Envoy
    Yukon XL
    Pilot
    CR-V
    Accord
    Civic
    Element
    Odyssey
    S2000
    Ridgeline
    H2
    Santa Fe
    Tucson
    FX
    G35
    Q45
    QX56
    S-Type
    X-Type
    Grand Cherokee
    Liberty
    Wrangler
    Sedona
    Sorento

    LR3
    Range Rover
    ES330
    GX470
    RX330
    SC430
    GS300
    GS430
    IS300
    LS430
    LX470
    Aviator
    LS
    Navigator
    Town Car
    MPV
    Tribute
    Mazda 3
    Mazda 6
    Mazda Truck
    Miata
    RX-8
    CLK Class
    E-Class
    SLK-Class
    C-Class
    CL-Class
    M-Class
    S-Class
    SL-Class
    Mariner
    Montego
    Monterey
    Cooper
    Altima
    Murano
    Maxima
    Pathfinder
    Titan
    Armada
    Quest
    Sentra
    350Z
    Grand Prix
    GTO
    Vibe
    911 Carrera
    GT2
    911 Carrera 4
    911 Turbo
    Cayenne
    9-2x Series
    9-3 Convertible
    9-3 Series
    9-5 Series
    Vue
    xA
    xB
    tC
    Impreza
    Outback
    Outback Sport
    Baja
    Forester
    Legacy
    4Runner
    Highlander
    Sequoia
    Tundra
    Camry
    Solara
    LandCruiser
    Camry
    Celica
    Corolla
    Matrix
    MR2
    Sienna
    Tacoma Pickup
    New Beetle
    Golf
    GTI
    Jetta
    Passat
    Touareg
    V50
    XC90
    S60 Series
    V70 Series
    S40
    S80 Series


Worst Picks for 2006 - 2007*




    Audi A8
    Buick Century
    Buick LeCrosse
    Buick LeSabre
    BuickPark Avenue
    BuickRendezvous
    BuickTerraza
    Cadillac Deville
    Chevrolet Cobalt
    Chevrolet Aveo
    Chevrolet Cavalier
    Chevrolet Astro Passenger Wagon
    Chevrolet Impala
    Chevrolet Malibu
    Chevrolet Uplander
    Chevrolet Venture
    Chevrolet Astro Cargo Van
    Chevrolet Blazer
    Chevrolet Express Passenger Wagon
    Chevrolet Uplander Cargo Van
    Chevrolet Venture Cargo Van
    Chrysler Sebring
    Chrysler Sebring Convertible
    Dodge Caravan
    Dodge Magnum
    Dodge Stratus
    Dodge Neon
    Dodge Caravan Cargo Van
    Ford Crown Victoria
    Ford Focus
    Ford Freestar
    Ford Taurus
    Ford Freestar Cargo Van
    GMC Safari Cargo Van
    GMC Savana Passenger Wagon
    GMC Safari Passenger Wagon
    Hyundai Accent
    Hyundai Elantra

    Hyundai Sonata
    Hyundai Tiburon
    Hyundai XG350
    Isuzu Ascender
    Jaguar XJ-Series
    Jaguar XK-Series
    Kia Amanti
    Kia Optima
    Kia Rio
    Kia Spectra
    Land Rover Freelander
    Mercedes-Benz G-Class
    Mercury Grand Marquis
    Mercury Mountaineer
    Mercury Sable
    Mitsubishi Eclipse
    Mitsubishi Endeavor
    Mitsubishi Galant
    Mitsubishi Lancer
    Mitsubishi Montero
    Mitsubishi Outlander
    Pontiac Aztek
    Pontiac Bonneville
    Pontiac Grand Am
    Pontiac G6
    Pontiac Montana
    Pontiac Montana SV6
    Saturn Ion
    Saturn L300
    Saturn Relay
    Suzuki Grand Vitara
    Suzuki XL7
    Suzuki Aerio
    Suzuki Forenza
    Suzuki Reno
    Suzuki Verona
    Toyota Echo
    Volkswagen Phaeton


*Comparison Based on Price, Insurance Costs, Finance Costs, Repair Costs, Safety & Resale Values
Best & Worst Picks
 For 2006 - 2007
Cars, Trucks, Vans & SUVs

Best Picks for  2006 - 2007*




    NSX
    MDX
    RSX
    RL
    TL
    TSX
    A4
    A6
    TT
    5 Series
    6 Series
    325 Series
    330 Series
    X3
    7 Series
    X5 Series
    Z4
    Rainier
    XLR
    CTS
    SRX
    STS
    Corvette
    Monte Carlo
    SSR
    K1500 Silverado Pickup
    Avalanche
    K2500 Silverado HD Pickup
    K3500 Silverado Pickup
    Trailblazer
    Colorado Pickup
    Equinox
    Express Cargo Van
    Suburban
    Tahoe
    Pacifica
    Town & Country
    Crossfire
    PT Cruiser
    300 Series
    Viper
    Dakota Pickup
    Durango
    RAM 1500 Series Pickup
    RAM 2500 Series Pickup
    RAM 3500 Series Pickup
    Freestyle
    Five Hundred
    Mustang
    Thunderbird
    F150 Series Pickup
    F250 Super Duty Pickup
    F350 Super Duty Pickup
    Econoline Van
    Econoline Wagon
    Escape
    Excursion
    Expedition
    Explorer
    Ranger Pickup
    K1500 Sierra Pickup
    K2500 Sierra HD Pickup
    K3500 Sierra Pickup
    Savana Cargo Van
    Yukon
    Canyon Pickup
    Envoy
    Yukon XL
    Pilot
    CR-V
    Accord
    Civic
    Element
    Odyssey
    S2000
    Ridgeline
    H2
    Santa Fe
    Tucson
    FX
    G35
    Q45
    QX56
    S-Type
    X-Type
    Grand Cherokee
    Liberty
    Wrangler
    Sedona
    Sorento

    LR3
    Range Rover
    ES330
    GX470
    RX330
    SC430
    GS300
    GS430
    IS300
    LS430
    LX470
    Aviator
    LS
    Navigator
    Town Car
    MPV
    Tribute
    Mazda 3
    Mazda 6
    Mazda Truck
    Miata
    RX-8
    CLK Class
    E-Class
    SLK-Class
    C-Class
    CL-Class
    M-Class
    S-Class
    SL-Class
    Mariner
    Montego
    Monterey
    Cooper
    Altima
    Murano
    Maxima
    Pathfinder
    Titan
    Armada
    Quest
    Sentra
    350Z
    Grand Prix
    GTO
    Vibe
    911 Carrera
    GT2
    911 Carrera 4
    911 Turbo
    Cayenne
    9-2x Series
    9-3 Convertible
    9-3 Series
    9-5 Series
    Vue
    xA
    xB
    tC
    Impreza
    Outback
    Outback Sport
    Baja
    Forester
    Legacy
    4Runner
    Highlander
    Sequoia
    Tundra
    Camry
    Solara
    LandCruiser
    Camry
    Celica
    Corolla
    Matrix
    MR2
    Sienna
    Tacoma Pickup
    New Beetle
    Golf
    GTI
    Jetta
    Passat
    Touareg
    V50
    XC90
    S60 Series
    V70 Series
    S40
    S80 Series


Worst Picks for 2006 - 2007*




    Audi A8
    Buick Century
    Buick LeCrosse
    Buick LeSabre
    BuickPark Avenue
    BuickRendezvous
    BuickTerraza
    Cadillac Deville
    Chevrolet Cobalt
    Chevrolet Aveo
    Chevrolet Cavalier
    Chevrolet Astro Passenger Wagon
    Chevrolet Impala
    Chevrolet Malibu
    Chevrolet Uplander
    Chevrolet Venture
    Chevrolet Astro Cargo Van
    Chevrolet Blazer
    Chevrolet Express Passenger Wagon
    Chevrolet Uplander Cargo Van
    Chevrolet Venture Cargo Van
    Chrysler Sebring
    Chrysler Sebring Convertible
    Dodge Caravan
    Dodge Magnum
    Dodge Stratus
    Dodge Neon
    Dodge Caravan Cargo Van
    Ford Crown Victoria
    Ford Focus
    Ford Freestar
    Ford Taurus
    Ford Freestar Cargo Van
    GMC Safari Cargo Van
    GMC Savana Passenger Wagon
    GMC Safari Passenger Wagon
    Hyundai Accent
    Hyundai Elantra

    Hyundai Sonata
    Hyundai Tiburon
    Hyundai XG350
    Isuzu Ascender
    Jaguar XJ-Series
    Jaguar XK-Series
    Kia Amanti
    Kia Optima
    Kia Rio
    Kia Spectra
    Land Rover Freelander
    Mercedes-Benz G-Class
    Mercury Grand Marquis
    Mercury Mountaineer
    Mercury Sable
    Mitsubishi Eclipse
    Mitsubishi Endeavor
    Mitsubishi Galant
    Mitsubishi Lancer
    Mitsubishi Montero
    Mitsubishi Outlander
    Pontiac Aztek
    Pontiac Bonneville
    Pontiac Grand Am
    Pontiac G6
    Pontiac Montana
    Pontiac Montana SV6
    Saturn Ion
    Saturn L300
    Saturn Relay
    Suzuki Grand Vitara
    Suzuki XL7
    Suzuki Aerio
    Suzuki Forenza
    Suzuki Reno
    Suzuki Verona
    Toyota Echo
    Volkswagen Phaeton


*Comparison Based on Price, Insurance Costs, Finance Costs, Repair Costs, Safety & Resale Values




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