ss_blog_claim=bd50edc517cf0b7549fe6b5f63b6b5f8 The SLS Business Finance Blog: What Letter Are You?

Tuesday, November 18, 2008

What Letter Are You?

If you don't know what letter you are (A, B, C, or D) in terms of your credit then you have no idea how much a lease/finance agreement would cost you.

The first step is that in most states you are allowed at least 1 free look at your credit report from the big 3 bureaus: Experian, Equifax, and TransUnion. When companies, especially mortgage companies say they take the middle score, what they mean is that they take the FICO credit score (an assessment of your credit risk) that is the middle one of the 3 bureaus since all 3 bureaus don't necessarily have the same information in them but they all calculate a FICO score. For a privately owned small business less than 10 yrs old, this is the factor that most determines your credit profile when being evaluated for approval and pricing on a lease and knowing gives you an opportunity to get the best pricing possible for your credit profile

Southern Lending Solutions

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