Auto Loans: Why Good Credit Could Hurt You

The Rights Radio Power Hour features car loan financing: Why and when good credit can hurt you. My guest Dora Lee Stallard, finance manager of a Nissan Dealership and also the director/founder of FreshStartIndy.com.
Show Date: April 8, 2009

Preposterous as it may sound, it’s often easier to obtain a car loan if you’ve been through a bankruptcy than if you have a good credit score.

Were you stressed out when it came time to arrange financing for your car loan? The majority of consumers who have been through this process describe it as extremely uncomfortable with a large dose of anxiety thrown into the mix.

Add to this the fact that more than half of all consumers do not qualify for conventional financing, and you have a sure-fire recipe for a really bad day.

My guest explains why auto financing is a psychological boost for so many people and takes you through the key steps in applying for an auto loan. She also doubts that any of the major auto manufacturers will disappear.

While Dora Lee’s specialty is working with customers that have credit issues, her knowledge of car loan financing applies to anyone that needs to arrange financing for their cars. The website she founded – FreshStartIndy.com – offers an inside look at the car loan process.

This show aired live on this page on April 8, 2009. Please click the play arrow below to listen to the replay.

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To your empowerment!

Learn how to save money with car loans and home loans here.