Fix Credit - Auto Dealer Complaints

Second quarter results are in for the Northwest Better Business Bureau and Auto Dealers - New Cars edges out Auto Dealers - Used Cars for a first place finish for Top Complaints for an Industry.
This according to the bureau's website (where the latest data is posted) - it looks like Payment Processors might be able to edge out car dealers this quarter---as they are now in the lead. To round out the list for last quarter:  Payment Processing Service, Auto Repair, and Collection agencies made it into the top 5.

For more on dealing with financing a vehicle purchase you can check out our fix credit program at our fix credit houston website.

Credit Scores Sinking

If you have questions about your credit in general or your credit score in particular you are not alone. Give the folks at fix credit houston a call for a free credit repair evaluation. Millions of Americans have credit scores sinking to new lows. Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.

ICO's latest analysis is based on consumer credit reports as of April. Its findings represent an increase of about 2.4 million people in the lowest credit score categories in the past two years. Before the Great Recession, scores on FICO's 300-to-850 scale weren't as volatile, said Andrew Jennings, chief research officer for FICO in Minneapolis. Historically, just 15 percent of the 170 million consumers with active credit accounts, or 25.5 million people, fell below 599, according to data posted on Myfico.com.

There is more here at the link: http://m.cnbc.com/us_news/38199287