Improving your credit score

It’s important to note that raising your FICO credit score is a bit like losing weight: It takes time and there is no quick fix. In fact, quick-fix efforts can backfire. The best advice is to manage credit responsibly over time. See how much money you can save by just following these tips and raising your credit score.

Payment History Tips
Pay your bills on time.
Delinquent payments and collections can have a major negative impact on your FICO score.
If you have missed payments, get current and stay current.
The longer you pay your bills on time, the better your credit score.
Be aware that paying off a collection account will not remove it from your credit report.
It will stay on your report for seven years.
If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
This won’t improve your credit score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.

GM to repay the Government

General Motors Co. plans to pay all of its $6.7 billion in government loans by the end of June, Chairman and CEO Ed Whitacre Jr. said Tuesday.

The automaker plans to make quarterly installments starting this month with a $1.2 billion payment, Whitacre said. He said GM could repay the loan sooner but that hasn’t been decided.

GM has received $52 billion total in aid from the government as it navigated bankruptcy protection earlier this year. Of that total, $45.3 billion was converted into equity, giving the government a 61 percent stake in the automaker.

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Brown Daub and the banks that help

You know, with the current economic situation it seems like the end is near. A lot of local dealerships and friends have been lost with the economic downturn. With over 70 years of experience, Brown Daub Chrysler Jeep Dodge has secured some of the finest resources around. From credit unions and local banks, to some of the biggest banks in the world. Credit? Forget it! Not a problem. Slow pay, bankruptcy, charge offs, the list goes on and on. Brown Daub is commited to helping our community. We have noticed a trend that is going to allow us to lend to everyone seeking financing on a new or preowned vehicle. We listen to our customers. Now there is no more fear in getting qualified, through our quick finance application. You can be pre-approved in seconds! No more sitting around all day waiting for banks to answer. Fill out our app, and come into the dealership to choose your vehicle! It’s that easy!