Joby Schraier has a long history in the automotive finance industry. He embarked on a career in this sector almost two decades ago, and he has risen to a management position. He is currently Director of Finance for Royal Gate Dodge Chrysler Jeep Ram, a dealership that is just outside of St. Louis, Missouri. When you are in this line of work, you have a thorough understanding of the value of good credit. Sadly, many people don’t protect their credit ratings, and this can have a very negative impact on your life in many different ways.
Though some individuals utilize public transportation, most people require automotive transportation to conduct their lives. Cars that are relatively new and reliable are going to cost thousands or tens of thousands of dollars. There are not too many people who have that kind of money in their wallets, so financing is the key to reliable transportation. If you can’t get a car loan because you have bad credit, you are in an unenviable position. Plus, if you can get a motor vehicle loan as a person with poor credit, you are going to pay a higher rate of interest. This is something that auto finance people like Joby Schraier run into frequently, but this is one of the consequences that you pay if you do not protect your credit.
Aside from the automotive equation, there are other significant negative circumstances that can come about if you have bad credit. Many employers will run credit checks before they extend offers to applicants, so poor credit can prevent you from landing your dream job. Plus, if you want to rent a house or apartment, the landlord or property manager will almost definitely check your credit. A low credit score can actually make it very difficult to put a roof over your head. Of course, obtaining a mortgage would be completely out of the question. When you combine all of these facts, you can see that damaged credit can make it very difficult to get by, because housing, a job, and transportation are basic necessities.
When you consider how high the stakes are, you should certainly take your credit very seriously. If you apply for every card that is offered to you and spend above your means, you can get over your head in a hurry. Student loan debt is also something that can get out of hand. You should keep the big picture firmly in mind when you are asking companies to lend you money. It can seem like you’re getting things for free, but in reality, nothing could be further from the truth.
Since we are all connected to the Internet and information can be transferred so easily, it is relatively simple to pay close attention to your credit rating. You are entitled to a free credit report each calendar year, and many credit cards offer free monthly credit scores. If you do the right things, you will have no worries if you decide to speak with someone like Joby Schraier about a low interest automotive loan.