Consider Auto Loan Modification for Credit Repair

May 17, 2010 - PRLog -- To start with, most self proclaiming credit repair companies out there are scam. The companies which boast of such services are fraud and upholding this thought; The Federal Trade Commission (FTC) says do yourself a favor and save some money, too. Don’t believe these claims: they’re very likely signs of a scam.

If you consider repairing your credit, ensure that you submit your credit report and review it. However, restoring your credit with easy results; this may sound attractive to anyone hampered by poor FICO scores but it’s very difficult to do so. If you are in such a bad state, try indirect method that will improve your credit score – consider a car loan modification. Modifying your car loan will not only reduce the interest on your current rates but will also extend the tenure period.

Car loan modification will be structured in such a way after dealing with your lender that it will be easy for you to pay off your loan. For examples; with term extension, if you currently have 5 years to pay your car loan, and the length of time is increased to 6 years, because you’ll have more time to pay off your debt, each monthly payment will be less.

Anthony Tribunella, the director of Auto relief group says, “When you make your loan payments on time to your lender, it’s quite obvious that it ill increase your credibility and that will show on your “credit report”.”

For the past 15 years, Auto Relief Group has acted as an advocate for consumers. Due to the current economic climate, we’ve rededicated ourselves to helping people stay afloat who are most in need – those at risk of car or truck repossession. Auto Relief Group works directly with lenders to modify loans or leases, helping consumers achieve monthly savings through interest rate reduction or term extension.



About Auto Relief Group
Auto Relief Group offers Car Loan Modification service, we assist car owners in renegotiating their car loan or lease, avoid repossession and maintain ownership of their vehicle by working directly with lenders to restructure loans, extend terms or reduce payments.

We provide our clients with customized reports, expert advice and negotiation assistance when restructuring their car loans.

Website : http://www.autoreliefgroup.com
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