by Julia Guardione

Recent Grads Credit Misconception

College graduates face a plethora of obstacles in their post-education transition, and likely aren’t thinking about building credit as a big priority. That is, until good credit becomes a big necessity for grown-up milestones like buying a house, a car, and even getting an apartment.

Aside from a credit card or two, most recent graduates don’t have much of a credit history – a valuable component to building a good credit score. Many believe that the car their parents co-signed to help them purchase during their college years will help to establish their credit worth; however, it will have minimal impact compared to establishing a payment history on the vehicle as the sole individual listed on the loan.

When faced with this common situation, one remedy for building credit is to refinance. Auto refinancing is an easy solution to list the recent graduate as sole borrower and start building that credit history. A few often unknown or overlooked facts for recent grads interested in refinancing:

Refinancing does not generate any additional fees nor are there any out-of-pocket expenses. Many lenders look favorably on individuals who have graduated from reputable institutions when determining approval criteria and lending rates.

You can create an acceptable work history in as little as 6 months in post graduate employment. Refinancing often allows the borrow to skip one, two or even three payments in some cases. If you or someone you know is a recent college graduate interested in building your credit score, refinancing your vehicle can be a simple way to start today.


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by Julia Guardione

We’re one of Austin’s Best Places to Work

That's right. For the 6th year in a row, we've been named a Top Workplace by the Austin American-Statesman.  Every year, the Statesman anonymously surveys Austin area employees, asking them detailed questions about their employers. This year, about 23,000 people participated, answering questions about workplace issues like leadership, company culture and values, and other qualities that contribute…

by Julia Guardione

How the auto industry influences your car refinance

Most consumers believe that credit history is the most important factor that influences the offers of credit they receive. Though credit history is very important, as we've said before, other elements are at play for auto refinance loan offers. In fact, even the other factors we've listed before as lenders' main considerations for loan offers (i.e.…

by Julia Guardione

From the Desk of Douville: Rising Above

Rising above when market conditions get tough There is no shortage of data documenting rising delinquency rates, losses trending upward, and dropping collateral values. The near prime to subprime market has seen the worst performance and has been grabbing the headlines as of late. We have also seen reaction to current market conditions with some…

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