AWARE is a national education campaign with a singular goal of building a greater understanding among consumers about how the vehicle financing process works.
Welcome to our September E-Newsletter!
Taking Steps to Boost Your Credit Score
Knowledge is key when financing a vehicle
Looking for an article for your consumer newsletter or website? AWARE invites you to use our latest Newsletter article, at no cost. Here's an excerpt:
According to a consumer survey conducted for Americans Well-informed on Automobile Retailing Economics (AWARE), 80 percent of consumers know their credit history affects the rate at which they can finance an automobile.
While this is good news, according to a report released last month by the Consumer Federation of America (CFA) in partnership with Washington Mutual (WaMu), consumers mistakenly believe that factors other than how you’ve handled previous credit affects your credit score.
For example, according to the CFA and WaMu survey, 74 percent of consumers incorrectly believe that scores are influenced by income; 41 percent believe age affects credit scores; and 19 percent even cited ethnicity as factor that affects a credit score... [Click here to read more]
AWARE on the Air
With back to school season in full swing, radio news stations in several states interviewed AWARE to discuss tips for parents of students who are "jonesin" for a new set of wheels to take with them back to campus.
Eric Hoffman, spokesperson of AWARE, advised parents to "have the talk" with their kids about importance of building a good credit history, and highlighted steps that their college student can take to prepare for buying their first car or truck.
To listen to AWARE on the Air, please visit the links below.
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