Auto Summit Consulting, helping new car buyers reach their peak car buying experience.

Does your credit profile look similar due to being new to credit or minimal credit accounts?

What is ”Shotgunning your credit ” and why can it be devastatingly horrible on your credit and future options ?

Each F.I.C.O tier gives Lenders/Banks a quick understanding of what consumer they are assessing to lend. The higher your score tier ranks ( your score range ) the more likely you are to be approved & pay less in interest on whatever credit product you are applying for.

Just like a hunter with a shotgun filled with buckshot, a car dealership shops your credit reports like ( buckshot) as multiple scattered bullets, increasing the chance of hitting/sticking to a bank, optimizing their search if you will. Essentially, they are just waiting to see what will stick (as in what bank will approve the car loan). Not to mention these lenders/banks who partner with the dealerships fight ( in an aggressive bidding war to fund your loan ), although that might sound good, it definitely is NOT good.

Dealerships use a ‘’buy rate’’ and a ‘’sell rate’’ to make money from you. So on the front side, I.E – the funding of your loan will include a percentage % on interest markup for your auto loan.You, as a consumer, can independently go shop around for a car loan. Using your existing bank, local credit union, community banks, or national credit unions to find the best rates that you can marry into. So, for example, let’s say you get approved by Navy Federal Credit Union for a 60month car at 6%. IF you had been ignorant of having the ability to shop around yourself, and the dealership now does this for you. They could find a bank, yes, sure! But the loan interest that they bring back to you is 8% at 60months. Essentially creating 2% markup from 6% to 8%. This creates a percentage pool that the dealership & the bank that they used to fund you is siphoning, if you will, more money from you.

The huge downside that they don’t tell you is… If you have no credit history or very little history no bank will take a chance on you if not by exploiting you by asking for a SIZEABLE down payment or absurd interest rate that will more than likely make you have immediate negative equity. In most cases all 3 credit reports – Experian,TransUnion,& Equifax will be hit with a hard inquiry by a specific bank. Not all banks pull the same credit bureau report, different banks choose to pull here & there due to geography, history or pricing for using that specific report.

And if any those reports has more than 6 credit inquiries within a 2 year period, most computer based software will auto decline your application because it sees you as desperate or high risk. It would take a Bank underwriter to overturn the previous decision. But how is it going to be overturned in your favor if you have little to no credit history & a low score?

This can easily become a lose-lose situation, and can leave a person utterly hopeless in their car buying experience. Some may be approved… sure! But at What cost? You can very easily and quickly find throughout multiple media platforms, I.E – Tiktok, Instagram, Facebook and Youtube where people are being preyed on with OBSCENE FEES and interest charges for the duration of their car loans.

America has a huge car debt problem, and most people want to point the finger immediately to the customer. and to some degree adults SHOULD read before they sign yes, but on thee other hand no one is being taught finance and credit for the most part in schools. Complicated contracts (which some lawyer can’t even understand), and an adversarial type of enviroment at the car dealership draining you of your time, patience and negotiating fortitude needed to get the best deal!

HOW OUR CONSULTING WORKS

Our 3-Step Credit Consulting Process

Credit Review & Strategy

We assess your F.I.C.O-based credit reports and build a personalized plan to structure your credit properly.

Credit File Structuring

You are guided on adding the correct accounts and organizing them to improve lender perception.

Credit History Optimization

Over the following months, we help you establish positive payment history and utilization to strengthen approval odds.

An amazing experience! The instructors were patient and professional. I passed my test on my first try.

Michael O.

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Future Client

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future client

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future client

(Frequently Asked Questions)

FAQ

What exactly does Auto Summit Consulting do?

We provide credit consulting services designed to help individuals with little or no credit history properly structure their credit profiles so they are more likely to be approved by banks for auto loan financing.

How long does it take to see credit improvement?

Most clients begin seeing measurable credit improvement within approximately three months, provided all recommendations are followed responsibly and on time.

Do you guarantee loan approval?

While no service can guarantee bank approval, our consulting significantly improves approval odds by helping clients meet real lender requirements. Credit improvement is also supported by our money-back confidence when guidelines are followed.

Will I need to spend money outside of your consulting fee?

Yes. Clients are typically required to make a small personal investment with financial institutions (around $105) to establish credit accounts. This cost is paid directly to those institutions and not to us.

What type of income do banks require?

Most lenders require proof of steady W-2 employment. Self-employment or gig-based income such as Uber or DoorDash is generally not accepted by banks for auto financing.

Can you help me find a car as well?

Yes. Clients enrolled in our All-In Consulting package may receive optional assistance in locating a vehicle at a fair price and navigating the purchasing process with confidence.

Ready to Improve Your Approval Odds?

Start with a professional credit consultation and take the first step toward auto loan approval.

Get Started Today