Discovering A Better Motorcycle Loan With A Better Credit Score

Discovering A Better Motorcycle Loan With A Better Credit Score
It is common knowledge that motorcycle financing companies? base high importance on your FICO credit scores when approving motorcycle loans. However, what many people overlook is that their FICO credit score can dramatically impact the term on their motorcycle loan along with the interest rate that is assigned to the motorcycle loan.

In order to gain better motorcycle loan rates, it is highly important that you think of your FICO credit score as a picture of how risky you are to the lender. Your FICO credit score is essentially a benchmark which motorcycle financing companies use to grade you and assign a risk to you when applying for a motorcycle loan. Since factors about your credit change on a daily basis so can your FICO credit score.

The below 5 tips are designed to help ensure you improve your creditworthiness as your credit score changes. Ultimately these tips should help you obtain better motorcycle loan rates and loan terms in the future.

Watch Your Debt? Keep your account balances below 25%-30% of your available credit limit. This is especially true with your revolving credit card because many motorcycle financing companies see credit card debt as more risky. If you have a credit card with a $500 limit, you should try to keep the balance owed below $150 when you apply for a motorcycle loan.

Check Your Credit Regularly ? In today?s age it is easy to get online to check your credit report. Checking your free credit report regularly is very important because it can help you uncover inaccuracies that are affecting your FICO credit score. Don?t let your credit health suffer due to inaccurate information or errors on your credit report. If you find an inaccuracy on your credit report contact the creditor associated with the account or the credit reporting agencies to correct it immediately.

Avoid Excessive Credit Inquiries ? A credit inquiry normally happens when you apply for credit. If you have a large number of credit inquiries in a short time period many motorcycle finance companies see this as a negative since it affects your FICO credit score. Therefore, when you are applying for credit or shopping for motorcycle loans it is very important you consider how many times your credit is accessed. Be advised that sometimes motorcycle dealerships will pre-screen you for a loan by asking you for your driver licenses and social security number. Normally this results in a credit inquiry on your credit report. Be prudent in shopping for credit and motorcycle financing.

Establish Credit Early ? Time is very important part of improving your FICO credit score. Therefore, it is recommended that you start building credit early in life. Getting one or two credit cards can significantly help build your credit. However, the key to this strategy is keeping your purchases small and frequent and paying off the balance every month on time. When establishing credit you should also keep the oldest account on your credit report open in order to lengthen your period of active credit use. The length of your credit history can make a big difference in getting approved for a motorcycle loan.

Make Your Payment On-time - Paying your current credit bills on-time is one of the biggest factors that contributes to a higher FICO score. Typically when motorcycle finance companies see potential customers that do not pay their bills on-time then they either decline them or issue a motorcycle loan at a much higher interest rate. Late payments, collections and bankruptcies have the greatest negative effect on your credit score and how lenders rate you when getting a motorcycle loan.

Copyright (c) 2005, by Jay Fran.

Jay Fran is a successful author at <a href="http://www.motorcycle-financing-guide.com" target="_blank">http://www.motorcycle-financing-guide.com</a> - A comprehensive resource to compare online motorcycle financing, motorcycle loans and online motorcycle buying tips for Polaris, Honda, Suzuki, Harley-Davidson, Yamaha and more.

At Least One ATV Bag is an Absolute Necessity for Your ATV Posted By : Francis Clement
If you plan on using your ATV for hunting or camping then you would be wise to take a look at ATV bags before you head out on your big excursion. ATV bags are specificsaly designed for ATVs and trying to adapt a standard storage bag to an ATV is a mistke that can lead to disaster.

Manufacturers driving the latest tyre technologies

The amount of advanced technology that goes into today’s premium branded car tyres is often not appreciated. Tyres, after all, are usually a distress purchase and to most consumers are simply “black and round”.

Tyre technology, however is continuously evolving, driven to a high degree by the technical demands of the vehicle manufacturers but also, to a degree, by the requirements of an increasingly demanding aftermarket.

Tyre performance can be affected by three things - by changes to the tyre structure, by altering the tread pattern and by varying the rubber compounds used in the tyre, particularly in the tread. It is not surprising to see that the leading tyre manufacturers have a variety of proprietary technologies covering all these areas.

Take Bridgestone for example. Currently, the world’s largest tyre manufacturer lists 14 key technologies covering, casing, tread pattern design and compounding. Some of these, such as the use of unidirectional tread patterns, silica compounds and rim guards to protect against kerbing damage are commonplace but some are unique to Bridgestone. Examples of the kind of technologies highlighted by Bridgestone are:

Diamond Bead - A new construction method for the bead coil, which increases the torsional stiffness of the bead coil to create a more uniform contact patch and therefore improved handling.

Flat Force Block - A new tread block design, which varies the angle of the block edges in accordance with their size. This provides a more uniform contact pressure and therefore a smoother ride.

Key Hole Sipes - These narrow slots in the tread increase in width as the tyre wears helping the tyre to maintain performance as it gets older.

Multicell Compound - An advanced and unique foam rubber based compound, the high porosity of which anables water absorption and an increased “edge-effect” to improve grip on ice.

Riblet - These are circumferential micro-grooves located on the surface of multicell compound tyres. These aborb a film of water on icy surfaces for improved grip when the tyres are new and before the multicell pores become visible.

If tyre manufacturers are continuing to evolve their tyre technology with a view to gaining a competitive advantage over their rivals, there are certain areas of technology, which are coming in for particular attention. One of these is undoubtedly the area of run-flat tyres and the associated area of tyre pressure monitoring systems. The leading manufacturers differ to some degree in the tyre technology they are using for their run-flat systems.

Michelin’s PAX system, for example incorporates a special wheel with an asymmetric profile, which allows a support ring to be inserted, which bears the vehicle’s load and allows it to be steered at zero pressure.

However, their Michelin ZP system functions by means of more robust sidewalls, reinforced with a special rubber compound to carry the vehicle weight. An innovative bead area, delps the deflated tyre stay on the rim.

A further example of the use of compounding to obtain a stiffer sidewall is Goodyear’s Run-On Flat system. This system incorporates reinforced sidewall inserts using Goodyear’s own compounding technology in order to create higher sidewall striffness. In addition, rim guards and tensioning devices on the outside of the sidewall are used to help maintain tension in the case of a flat.

Continental, like Michelin has two systems. The ContiSupportRing is a metal ring on a flexible support directly mounted on the rim, whereas the company’s SSR self-supporting run-flat tyre incorporates a special rubber reinforcement in the sidewall, which takes the vehicle weight after pressure has been lost.

Bridgestone has also taken the support ring route with its Bridgestone Support Ring system.

So where next for tyres? We wait with interest to see how the tyre manufacturers can further innovate their products and keep improving tyre technology.

About Author : Article produced by <a href="http://www.BlackCircles.com">BlackCircles.com</a> - discount <a href="http://www.blackcircles.com/">tyres</a> for cars, 4×4s, and motorbikes in the UK. Tyres can be ordered online and fitted at your local garage.