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"Education Allies" are organizations that share our commitment to expanding consumers' understanding of the vehicle financing process, and are working with AWARE to disseminate this information. To learn more, click here.
AWARE is currently working with the following organizations:
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The Council of Better Business Bureaus |
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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!
Have You Seen Your Credit Report Lately?
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:
September 1st marked the one-year anniversary that all Americans were able to take advantage of receiving a free credit report…The Fair and Accurate Credit Transactions Act of 2003 (FACT Act) was phased in regionally last year and enables consumers to obtain a free copy of their credit report once a year from each of the three nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. AWARE advises consumers looking to buy their next car or truck to first obtain an updated copy of their credit report by visiting https://www.annualcreditreport.com…Consumers should consider the following when requesting and reviewing their credit report… [Download the rest from our website] |
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In this monthly column, Eric Hoffman of AWARE addresses consumers questions about all aspects of the auto financing process. Here's an excerpt from this month's column:
My son is a rising senior in college. This fall, he started a new internship away from campus…it's a long bus ride and he's been thinking about buying his first car. I've always taught my children to be self sufficient, but I also want to be there for him. He'll probably need to finance the car. Is it a good idea for me to co-sign the loan?
Co-signing automobile financing with your son can serve as a terrific "teachable moment" to engrain in him the importance of building excellent credit, which will serve him well throughout his life. Help your son learn the common terms associated with financing... And make sure he shops around…When he's ready, and if you do decide to co-sign, I suggest drawing up a contract with your son that stipulates rules he must follow in order to have you help him with financing...
[Click here to read more] |
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| AWARE IN THE NEWS
AWARE was recently featured in a New York Daily News article with advice for high school and college students looking to purchase a vehicle as they head back to school this fall. Here's an excerpt from the article: "Don't saddle yourself with a ride you can't afford - and ruin your credit rating before you become an adult, experts warn. 'Your GPA will be long forgotten after you leave school, but your credit score will stay with you through your life,' said Eric Hoffman, a spokesman for AWARE." [click here to read more]
The Elmira Star Gazzette also recently featured AWARE's tips for young car buyers.
AWARE (Americans Well-informed on Automotive Retailing Economics) is sponsored by the American Financial Services Association, National Automobile Dealers Association, National Association of Minority Automobile Dealers, American International Automobile Dealers Association, and other auto dealers and finance companies. All of the companies and associations involved have a long history of educating consumers about auto financing. For more information about AWARE, including AWARE members and how to become an Education Ally, click here. AWARE can be reached at (866) 693-4464 or via e-mail at info@autofinancing101.org. If you no longer wish to receive AWARE's e-newsletter, send an email with the subject line "unsubscribe" to info@autofinancing101.org.
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