Leasing and your credit score
 
Leasing and your credit score.

Your credit score is part of the leasing decision. When you apply for a
lease, your lease company will typically look at your credit score to
decide whether you to approve the application.

The leasing contract stipulates that you make regular, monthly payments
over your lease term. The credit score you lease company requests
identifies how likely you are to make such payments. It is simply a number
calculated according to a model that takes into account your payment
history, any amounts you owe and credit currently in use.

It is very important to keep a good credit-score, usually above 700, to
qualify for a lease or any other lending decision. Start by ordering your
credit report from Fair Isaac Corp, the company that creates your credit
score. If erroneous data is held about you, then contact the creditor
responsible and get such information corrected.
Your payment history is the single most important factor in determining
your credit score, so get in the habit of paying everything you owe on time
and keep the balances low in your credit cards.

(Word count: 180)

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Articles
Auto Insurance and Leasing

Auto Leasing Scams

Benefits of leasing

Buy a car at the end of your lease

Buy or Lease?

Dealer Leasing Tricks

Fees involved in leasing

Go green and save on your lease

How to avoid extra costs at the end of your lease

How to calculate your lease payment

How to get out of a lease before your contract expires

How to lease a new car?

How to spot a good car lease

Independent Car lease companies

Lease Financing

Lease Trading

Leasing and your credit score

Leasing Glossary

Leasing used cars explained

Leasing with bad credit

Luxury Cars and Resale Values

Single-Payment Lease

The residual value of leasing

Using lease calculators

 

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This site is a common sense guide to Leasing and your credit score. In practical advice websites, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

This site is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.

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