Welcome to Pierre Money Mart Blog

January 1st, 2007 31 Comments

Welcome to the Pierre Money Mart Blog!

Here, you can find everything about car loans, vehicle financing, bad credit, bankruptcy, rebuild credit, slowpays, repossessions, and hassle free loans.

31 Responses to “Welcome to Pierre Money Mart Blog”

  1. DAVID TRAN Says:
    January 12th, 2007 at 1:36 pm

    One thing that I learned from working at Pierre Money Mart is that how important our credit is relating to the financial system that we are in. I remember my dad told me in order to live comfortably in our society either A. you should have lots of money or B. you better have great credit. Which to me makes common sense. Auto loans are one of the fastest and most effective ways to build or rebuild your credit. So when you come in to Pierre Money Mart you might think of it as getting into your new car but also remember it is also helping you to a whole new life once our your credit score raises!!!  Check out my store to get a Bad Credit Auto Loan!

  2. John Says:
    January 13th, 2007 at 12:32 pm

    When applying for credit, you may be turned down because of an insufficient credit file, or no credit file. Maybe you have accounts with a good standing that you would like lenders to see. Many small businesses do not report to the Credit Reporting Agencies (CRAs) because the CRAs require businesses to pay a fee to have their credit information about you added to their files.

    Companies that do not report to the CRAs include credit unions, utility companies, doctors, hospitals, local finance companies, landlords and even some insurance companies. Bad Credit Auto Loans. However, most of these companies do check your credit report and score before they offer their services to you. An easy way to add good credit to your account is to ask the CRAs to add the accounts that are not reported to your credit report. This may cost you a fee, so check with the individual CRAs before a request is made.

    Another way of adding credit to your report is to open new lines of credit. Remember that opening too many new lines of credit can raise red flags. What you want to achieve with this is to show the different types of credit that you use.

  3. John Says:
    January 13th, 2007 at 12:32 pm

    Errors in your credit report will negatively effect your overall credit, and they may not be your fault. The process of disputing errors takes time and patience, but there is an easy way to do it.

    There are three credit bureaus that have your credit report; Experian, Equifax and Trans Union. Due to the way that credit is processed, each credit bureaus report should be examined independently because they all may not have the same error.

    The first step is to get copies of your credit report from all the credit bureaus. Examine each and look for errors. Common errors to look for that may be lowering your credit score are: misspelled name, incorrect address, phone number, birthday and social security number. Any of these errors could effect your score because someone else’s information could end up in your report. Next, look at all of your account information. Make sure all account information, balance and limits, and any account activity is correct.

    If you find legitimate errors on any of your reports, the next step is to start a file that you will keep all communications with the credit bureaus. Keep copies of every letter you send and receive. You may need this later if you need to re-investigate your claim.

    For each bureau that has the error on the report, you will need to prepare a letter that clearly states your information, the error and any proof that you have that can prove the error is legitimate. Include copies of any documents that can back up your claim. Send the letter first class mail, with “Return Receipt Required.” This will allow you to receive confirmation the letter was received by the credit bureau on a certain date. Keep a copy of this letter in your file.

    According to the Fair Credit Reporting Act (FCRA,) the credit bureau must investigate all disputes and contact you in roughly 30 days with the results of the investigation. All errors are crosschecked with the credit lender’s information. They will either report the error was corrected and fixed, or they will refuse to correct the error. An error correction will be refused if the creditor (lender, collection agency, courthouse, etc.) confirms that the information currently on your report is correct. If the error is corrected, you will receive a free copy of your report showing the correction.

    If the credit bureau will not fix the error, the next step to take is to write a follow up letter, asking the credit bureau to fully explain the dispute and why it was not corrected. At this point, you should also contact the creditor explaining the dispute, and make sure that their records are correct. Again, include copies of relevant documents.

    If your dispute is again not corrected, the final step you can take is to contact government agencies that can help such as, the Federal Trade Commission (FTC) or your State Attorney General. You can also contact a FCRA attorney, who can give you specialized legal advice

    Pierre Money Mart MySpace

  4. John Says:
    January 13th, 2007 at 12:34 pm

    A credit report contains your entire credit history, basically any borrowing and repayment of money. Lenders will see everything in your credit report and use the information to base a decision to lend or not lend you money.

    Your credit report contains:

    Basic information: your name (any previous names,) current and previous addresses, telephone number, Social Security number, date of birth, and most recent employment information.
    All credit accounts, open or closed, including: limit (how much you can spend,) balance (how much you owe,) amount of monthly payment, length you have had account, if the account is joint (and with whom) and if you have made late payments.
    A list of all delinquent accounts: how much you owe, how long the account has been in default and if the account has been sent to a collection agency.
    Judgments against you: bankruptcy, court-ordered child support, tax liens and any public records.
    Companies who have requested your credit report.
    Optional: personal statement that you provide to explain your circumstances, which can be helpful if you have negative information on your report.
    A credit score, also referred to as a FICO score, is a number based on your credit report that allows lenders to determine your credit-worthiness. The number can range from 300 to 850. This number is used to predict your payment behavior and is an easy way for lenders to decide if they can risk lending you money.

    The most widely used scoring system was developed by the Fair Issac Corporation, hence FICO score. A credit score is comprised of your personal credit information compared to statistical data. The credit score is comprised of five different categories:

    Payment history (35%) – the most important category. Have you made all payments on time and for how long. How many unpaid debts you have that have resulted in alternative action (e.g. bankruptcy, tax liens, collection lawsuits, etc.)
    Amounts owed (30%) – how many lines of credit you have and how much you owe compared with how much you can borrow.
    Length of credit history (15%) – how long you have had your accounts.
    New credit (10%) – how many new lines of credit you have.
    Types of credits used (10%) – do you have a balance of revolving (credit cards) and installment (loans) credit lines.
    What about errors?
    Errors in your credit report will negatively effect your overall credit, and they may not be your fault. The process of disputing errors takes time and patience, but there is an easy way to do it.

    There are three credit bureaus that have your credit report; Experian, Equifax and Trans Union. Due to the way that credit is processed, each credit bureaus report should be examined independently because they all may not have the same error.

    The first step is to get copies of your credit report from all the credit bureaus. Examine each and look for errors. Common errors to look for that may be lowering your credit score are: misspelled name, incorrect address, phone number, birthday and social security number. Any of these errors could effect your score because someone else’s information could end up in your report. Next, look at all of your account information. Make sure all account information, balance and limits, and any account activity is correct.

    If you find legitimate errors on any of your reports, the next step is to start a file that you will keep all communications with the credit bureaus. Keep copies of every letter you send and receive. You may need this later if you need to re-investigate your claim.

    For each bureau that has the error on the report, you will need to prepare a letter that clearly states your information, the error and any proof that you have that can prove the error is legitimate. Sample letter. Include copies of any documents that can back up your claim. Send the letter first class mail, with “Return Receipt Required.” This will allow you to receive confirmation the letter was received by the credit bureau on a certain date. Keep a copy of this letter in your file.

    According to the Fair Credit Reporting Act (FCRA,) the credit bureau must investigate all disputes and contact you in roughly 30 days with the results of the investigation. All errors are crosschecked with the credit lender’s information. They will either report the error was corrected and fixed, or they will refuse to correct the error. An error correction will be refused if the creditor (lender, collection agency, courthouse, etc.) confirms that the information currently on your report is correct. If the error is corrected, you will receive a free copy of your report showing the correction.

    If the credit bureau will not fix the error, the next step to take is to write a follow up letter, asking the credit bureau to fully explain the dispute and why it was not corrected. At this point, you should also contact the creditor explaining the dispute, and make sure that their records are correct. Again, include copies of relevant documents.

    If your dispute is again not corrected, the final step you can take is to contact government agencies that can help such as, the Federal Trade Commission (FTC) or your State Attorney General. You can also contact a FCRA attorney, who can give you specialized legal advice.

    Pierre Money Mart on MySpace

  5. John Says:
    January 13th, 2007 at 12:39 pm

    Prepare for a Purchase
    For most people, purchasing a new vehicle is a huge hassle. It can seem overwhelming, leaving buyers feeling lost and confused. The whole process will go much smoother if you prepare ahead of time.

    The first step when planning to purchase a new vehicle is to check your credit report and score. Verify the information in your report and check for errors that can lessen your score. Financing companies will look at your report and score, so you need to be aware of what they will see.

    Knowing your credit score will help you in the next step, budgeting. Look at your current expenses and decide how much you can afford to spend on a new vehicle. How much you can afford combined with your credit score will help determine how much will be eligible to borrow in an auto loan. Knowing what you are able to spend before going to the car lot will not only save you time, but can also save you money because you won’t spend more than you have available.

    The next step is to research your next vehicle. Look for vehicles within your price range. Think about the features you are looking for, whether you want new or used, what type of vehicle (car, truck, van, SUV,) model, safety features, etc. Contact insurance companies and get rate quotes on vehicles you are considering. Don’t forget to figure out the cost of the vehicle, so you don’t get taken advantage of once you decide to purchase. If you plan on trading in a vehicle, do research to figure out its value.

    Once you have all of this information, visit dealerships or car lots to physically look at and test drive the vehicle(s) you have chosen. Look at warrantees and any extras that seller may be offering to find the best deal. Financing options are available at the lot or elsewhere, so look around for a loan that will fit your needs.

    Once you find the right vehicle, price and financing, you are ready to purchase. Doing research early will make purchasing much easier.

    What about women? Try Auto Loans for Women

  6. John Says:
    January 13th, 2007 at 12:40 pm

    How Much Can You Borrow?
    The amount of a loan that you are eligible to borrow depends on different factors including: your credit score, down payment amount and the specific vehicle you are buying. Knowing what these factors are ahead of time can help you get the loan you want.

    The first and most important factor is your credit score. The higher your score, the more you usually can borrow and the lower your interest rates will be. Lenders presume that the better your credit score the more likelihood of you paying the loans back as scheduled.

    It is also important to take into account on how much down payment you have. If you have a significant down payment, you may receive a larger loan amount.

    The specifics of the vehicle you want to purchase also determine loan amount. Specifics include whether the car is new or used, if used what is the age and condition, blue book value, make and model, etc. All of the specifics factor into how much you will receive in a loan.

    Washington Loan Officer

  7. John Says:
    January 13th, 2007 at 12:43 pm

    Before You Buy Used…
    Once you have picked out your used car, it is important that you examine the car properly before purchasing it. Starting with the exterior and interior can give you a better idea about the quality of the car you are about to purchase.

    Walk around the entire car and look for any visible problems, then focus on these specific items:

    • Signs of bodywork

    • Bent or welded frame

    • Tire quality

    • Dents, chipping paint, rust

    • Chrome trim (e.g. grille, bumpers, etc.)

    • Cracks in any windows

    • Doors, trunk and hood not closing properly, loose handles

    The interior of the car also needs a thorough inspection. This is a list of specific things to look at:

    • Condition of seats and seatbelts

    • Credit Help in Washington

    • Fabric wear

    • Water damage

    • Test horn

    • Test all power and manual controls (e.g. windows, sunroof, A/C knobs, radio controls)

    • Check all lights (headlights, break lights, signals, interior lights)

    • Glove compartment and any additional compartments

    The final and most important area of the car to examine is under the hood. If you are unfamiliar with the inner workings of a car, have an expert check the engine and components. Take the car for a test drive. By making sure that all parts of the engine are functioning properly, you can avoid costly repairs down the road.

  8. John Says:
    January 14th, 2007 at 8:22 am

    Improving Credit Score
    Your credit score is what lenders use to assess their risk in loaning you money. Your credit score is based on the information in your credit report, so first analyze your credit report and look for errors that could be effecting your score. Improving your score can help you get approved for lines of credit easier with lower interest rates, thereby saving you money.

    Once you know your score, follow these easy tips to improve your rating:

    1. Pay your bills on time consistently. Late and missed payments, especially accounts that have been sent to collections, have major impacts on your score.

    2. Keep balances low on all of your credit cards. Maxing out your credit cards will lower your score, possibly by as much as 70 points.

    3. Avoid opening or closing a lot of new credit cards at once. It may seem like a quick fix, however a significant amount of new credit will harm your score, and closed accounts can still have an impact.

    4. Use the credit you have wisely. Manage your current accounts, by making payments on time and being aware of balances and limits, to prove to lenders you are responsible with your credit.

    5. Moving debt around (e.g. consolidating the debt on your cards) without paying any of it off can lower your score. Keep your debt where it is and focus on paying it off.

    6. Check your credit report often to spot errors quickly and track progress.

    7. Avoid credit repair agencies that promise an instant fix. Rebuilding your credit takes time, and any agency that guarantees instant credit repair is only looking to exploit people in need.

    Jumpstart your New Years Finances

  9. Christpher Says:
    January 18th, 2007 at 1:50 pm

    STRONG (Credit) growth is as important, as almost anything that requires foundation. Allowing ones self to believe this truth will be able to explore and gain a great deal of lending with stronger direction, in purchase avialibilty, greater rates, longer terms and not to mention: it can help you save and build your own hard earned money aswell. That is what this lending institution believes in when our clients ask us the (POWER) of the (AUTO LOAN.) An (AUTO LOAN) is one of the (STRONGEST) ways to build one’s credit and it can also help one’s self achieve faster score growth, in little time. To understand the real imortance of knowing your credit report is to understand the responsability that goes along with it. It isn’t as hard as many people think! And when you can get a hold of this concept, of (STRONGER) credit growth, the world is yours aswell as any purchase that follows… That’s how important an (AUTO LOAN) is: it’s that (POWERFUL!)
    It’s that (IMPORTANT!)

  10. jd Says:
    January 26th, 2007 at 10:44 am

    I THINK IT IT REALLY IMPORTANT TO BUILD YOUR CREDIT AND AT PIERRE MONEYMART THEY HAVE THE KNOWLEDGE AND EXPERIENCE TO OBTAIN FINANCING FOR ANY PERSON

  11. NICK Says:
    January 26th, 2007 at 11:05 am

    HOW TO GET COPIES OF YOUR CREDIT REPORT IF YOU HAVE BEEN DECLINED:

    YOU SHOULD RECEIVE A DECLINATION LETTER FROM THE CREDIT REPORTING COMPANY. THE LETTER SHOULD INCLUDE INSTRUCTIONS ON HOW TO OBTAIN A COPY OR YOUR PERSONAL CREDIT REPORT.

    IF YOU DID NOT RECIEVE THIS INFORMATION YOU CAN GO TO http://WWW.EXPERIAN.COM/REPORTACCESS. CLICK ON “GET MY REPORT NOW” AND COMPLETE THE FORM IN THE “DENIED CREDIT” SECTION. YOU CAN ALSO CALL 1 888 EXPERIAN AND SELECT THE OPTION ABOUT BEING DECLINED. YOU WILL NEED TO PROVIDE THE COMPANY THAT DENIED YOUR REQUEST FOR CREDIT, AND THERE MUST BE AN INQUIRY REPORTED BY THAT COMPANY ON YOUR EXPERIAN FILE.

    YOU CAN ALSO GO TO http://WWW.ANNUALCREDITREPORT.COM FOR OTHER HELPFUL INFORMATION. http://www.pierremoneymart.com/apply_for_credit.cfm

  12. shishkabob Says:
    January 26th, 2007 at 5:20 pm

    I bought a car from Pierre Moneymart last year, I was treated with respect and patience. I love the car i got(its cool) Ive been making payments now for a year and my credits score is going up! I will be looking to trade the car in soon and I will going back to the Pierres’.

     http://www.pierremoneymart.com/apply_for_credit.cfm

     

     

  13. shishkabob Says:
    January 26th, 2007 at 5:21 pm

    I bought a car from Pierre Moneymart last year, I was treated with respect and patience. I love the car i got(its cool) Ive been making payments now for a year and my credits score is going up! I will be looking to trade the car in soon and I will going back to the Pierres’. Thanks for everything!!!!!
    Teresa Shiska http://www.pierremoneymart.com/apply_for_credit.cfm

  14. MICHAEL Says:
    April 12th, 2007 at 7:09 pm

    I came in and talked to max on tuesday. He had been helping me since the day before through all the obstacles of my credit. He helped me get into a new vehicle. I am very satisfied on the service I recieved. He was a great help and I would definatley come back to him and refer him to all my friends and family. I thank him for helping me and you for having him here. He is a great asset to you company.

    Sinceraly Michael

  15. Susan Says:
    April 12th, 2007 at 7:14 pm

    Ayo was very helpful, drove us around and was very patient in helping me select the car that I ultimately wanted. Helped me understand the whole process of being a first time buyer and helping me make a good decision. Ayo didn’t give up helping me. I would definitley recommend Ayo to family and friends who are interested in purchasing a new car.

    Again thank you for everything that you have done for me.

  16. kelli Says:
    April 12th, 2007 at 7:21 pm

    thanks for making what i had thought to be a horrible experience into a fun one, nick and jeremy had me in stiches while staying profesional. You worked with me and got me a car that im proud of -Thanks very much!!!!
    kelli

  17. emily Says:
    April 12th, 2007 at 7:21 pm

    Thank you so much for helping me get a car. I came in feeling like I had no options and you helped me out. I had very good service there. I appreciate all you did to help me.

    Thank You

    Emily

  18. jason Says:
    April 12th, 2007 at 7:25 pm

    i would like to say thank you for your help – you show real concern to help people get a car to fit there finances and do anything to get the car i want thanks for your kindness!Jason

  19. SHERIA TOOKAS Says:
    April 12th, 2007 at 7:25 pm

    NICK,

    THANKS YOU SO MUCH FOR GETTING ME INTO THE CAR
    I RELLY WANTED. YOU MADE THEIS PRCESS EASY & FUN!
    THE WORLD ORSHOULD I SAY INDUSTRY NEEDS MORE SLAESMEN LIKE YOU, YOU ARE SIMPLY PUT AMAZING.

    THANK YOU

    SHERIA TOOKAS.. :)

  20. sarah Says:
    April 12th, 2007 at 7:30 pm

    Thanks for all the help you’ve been, Tim, in helping us buy a car! Having been involved in a car buying “experience” before. I wasn’t looking forward to coming down there. Thankfully you mad the drive from Enumclaw worth it with your knowledgeable help!

    I’d recommend Pierre Money Mart to anyone looking for financial help with buying a car! http://www.pierremoneymart.com/apply_for_credit.cfm

    Thanks again,

    Nick @ Sarah

  21. DIANNE Says:
    April 12th, 2007 at 7:33 pm

    PETE
    WHAT AN AMAZING EXPIERENCE THIS HAS BEEN IN FINDING THE PERFECT CAR FOR OUR FAMILY. IT IS EXACTLY THE RIGHT CAR AND AT EXACTLY THE RIGHT PRICE.

    THATS SO MUCH!!!!!!
    YOU HAVE BEEN THE BEST LOAN OFFICER TO WORK WITH
    YOU ARE SO KNOWLODGABLE AND PROFESSIONAL YOU GO THE EXTRA MILE AND THEN SOME FOR YOUR CLIENTS
    THANK YOU SEEMS INADEQUATE WE WILL DEFINTLY RECOMMEND YOU http://www.pierremoneymart.com/apply_for_credit.cfm
    THANKS AGAIN
    DIANNE

  22. jaci Says:
    April 12th, 2007 at 7:34 pm

    Dave,
    I have been meaning to sent you a thank you for making it possible to get into a new car. you guys fought very hard for me and it all paid off.
    My father passed away Feb. 24th and having gotten that dodge neon just weeks before made it all possible for me to drive home worry free of breaking down somewhere alon the way and not making it for his funeral.
    Again thank you very very much. I have told lots of people how hard you guys try to get people into new cars and the great job you did for me.
    Keep up the good work
    again thanks,
    Jaci Mitchell

  23. george j Says:
    April 12th, 2007 at 7:35 pm

    jeremy

    are the best guy around he is awesome!!!!he helped me in all the best ways. I could not ask for anything else!!!!
    George Jordan

  24. danna b Says:
    April 12th, 2007 at 7:40 pm

    to whom it may concern,

    Nick verkirk is the best salesman, we have never dealt with a salesman like that,we have bought 3 cars from him and will be starting to look for a 4th
    Thank you-danna and jackson b

  25. brenda m Says:
    April 12th, 2007 at 7:46 pm

    I wanted to drop a line and working with helping me get my first car. i was really nervous coming in . i was scaredbut you all made it really simple. you took your time and took off as a salesman.
    thanks and keep smiling!
    brenda m

  26. Tom Says:
    April 12th, 2007 at 7:48 pm

    Thank you so much for helping me and my old man find the truck we both wanted

    You are the best

    Thank you
    Tom & connie

    http://www.pierremoneymart.com/apply_for_credit.cfm

  27. laura Says:
    April 12th, 2007 at 7:48 pm

    I wanted to take the time to say how grateful I am for all the help Banky provided. He was very friendly and took the time to explain everything in detail until I was confindent in my purchase I would gladly tell everyone I know to make the trip to Pierre and see Banky, dispite th 1 1/2 hour drive !!! It was great to have trust in Banky when making such a large, important, purchase. GO TO http://WWW.PIERREMONEYMART.COM

    Laura

  28. quillen Says:
    April 12th, 2007 at 7:51 pm

    I started dealing with Greg Cook on the phone early Dec. 2004. When we came in we didn’t expect such kindness. in the past we dealt with pushy salesmen and with Greg it was great and he understood everything we were going through and was able to help us. in a year or so we will be coming back I will only deal with Greg Cook. I will let everyone I know who is looking for a car to come to him. The experience was awesome. Thank you,
    The Quillens http://www.pierremoneymart.com/apply_for_credit.cfm

  29. anthony Says:
    April 12th, 2007 at 7:51 pm

    Dear pierre money mart

    you guys simply rock!
    icame in with no expectation, figuring i’d have to settle for something I don’t want, but instead I drove a new truck Ilove.

    Thanlk you very much I

  30. anthony Says:
    April 12th, 2007 at 7:52 pm

    Thank you very much for your help, I really recommend you http://www.pierremoneymart.com/apply_for_credit.cfm

    Thanks

    Anthony

  31. tom Says:
    April 14th, 2007 at 8:57 am

    We went through a tough process to get this done, but we made it.
    After everything settled, it was a nice surprise to know on monday afternoon, we got the car and everything worked out in the end. Again thank you. We will really enjoy the 05 pontiac grand am. We will go back to http://www.pierremoneymart.com for our next car

    Tom and Marcy

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