We make the application process quick and convenient. Fill out an application online with our safe and secure online application process. We also take applications over the phone in a matter of minutes or stop in to any of our branch locations.
It doesn’t matter if you are new to credit, in the process of rebuilding your credit or an established “good credit” veteran, it never hurts to revisit the basics of achieving and maintaining a good credit rating.
Establishing, or Re-establishing Credit
At The Equitable Finance Company, we know how difficult it is to get approved for credit with no prior credit history, or a less than perfect history. With our unique approach to loan underwriting, we’ve been able to offer credit to individuals that have been turned down by traditional lenders. An Auto Loan from The Equitable Finance Company is a great way to establish a credit history.
Once You Establish Credit, Take Care of It
Once a lender has extended you credit, one of the most important things you can do is to make on-time payments. On-time payments are a critical part of your credit history and a major factor in the calculation of your credit score. Paying on-time can also help control the cost of your loan. By making on-time payments you avoid late payment fees and in some cases, penalties that increase the Annual Percentage Rate (APR) you are paying on your loan.
Budget and Borrow Responsibly
Before applying for any type of loan, determine how much you can afford to pay each month based on your current net (after tax) income. Carefully consider other loans and outstanding credit card debt before taking on new debt. The amount you owe creditors is the second major factor in determining your credit score (closely following on-time payments). Be a responsible borrower and you’ll be on the right track for credit success.
Check Your Credit Report, Annually
Reviewing your Credit Report can assure the accuracy of your credit profile and by law, you are able to access copies from the three major credit reporting bureaus once per year, for free. Be cautious where you access this information. There is only one “official” site to request this information, www.annualcreditreport.com.
Credit scores are a major factor that virtually all lenders use in their decision making process. Discover more about how credit scores are calculated, how to improve your score and more from the Federal Trade Commission and from Fair Isaac Corporation’s site: www.myfico.com.
American Financial Services Association
As a member of the American Financial Services Association (AFSA) we also are able to offer access to their extensive resources on money management, budgeting and auto financing at: http://www.afsaef.org/Resources.
Our loan experts can make a decision in less than an hour so you can have your funds available immediately in some cases. Our goal is to provide same-day service.
All loans are considered and reviewed on an individual basis which allows our expert finance team the flexibility to approve customers in accordance with our liberal underwriting policies.
No! At The Equitable Finance Company, we create affordable payment schedules. Pay off the loan before the end of the term with no pre-payment penalties.
As a local lender, we are able to find practical solutions for consumers with little, no or damaged credit.
You can purchase any make, model and age of vehicle.
You can purchase your vehicle through a private party or from most auto dealers.
We have a loan minimum of $500.
We can provide financing up to $10,000, dependent on your credit profile and other factors.