New & Used Auto Purchase Resource Center

Guaranteed Auto Protection (GAP)

Don't Let Your Car Put You In the Hole!

Now you can avoid a potentially devastating financial loss. Many members may be surprised to learn that the value their auto insurance company places on their vehicle at the time of total loss, may be substantially less, than the amount they actually owe to the credit union. This creates a financial "gap" that you must pay to settle any outstanding liens. With GAP, you can be sure that you are not held responsible for unmanageable liability between your loan or lease obligation and what your auto insurance company will pay. In today's atmosphere of expensive automobiles and low down payments, you will be glad  you have such a valuable service.  When you get an auto loan from FCFCU be sure to take advantage of this excellent benefit.

Motor Vehicle Certification Program(MVCP)

MVCP is a FREE Complete Buying Service, offering:

• An enjoyable buying experience
• Knowledgeable consumer advisors
• Shopping with confidence at participating dealers with pre-negotiated prices

Get the facts!

• Current rebates & incentives
• Estimated trade-in value
• Manufacturer's invoice
• Exact dealer profit

UBS - United Buying Service

Buying an automobile can be a difficult task, that's why we have partnered with the folks at United Buying Service (UBS).  UBS, Inc. is a local organization with over thirty years of experience serving the metro area.  For more information on how UBS can help you, call (301) 657-1920 or click here!

Equifax

What's Your Score? What Does It Mean?

The credit industry is keeping score. Every time you apply for a credit card, a mortgage, insurance, or perhaps even a job, your application is judged in part by your credit score. Ranging from 300 to around 900, the number is used by lenders to objectively measure your creditworthiness. The higher the score, the more likely you are perceived to repay credit. Consumers with scores less than 600 usually are categorized as higher risk and may pay a higher interest rate or be denied credit.

Fair Isaac & Co. (FICO) is the largest creator of credit scores. While most lenders use FICO scores, there are many different kinds of credit scores, and some lenders even create their own scoring models. Thus, your credit score could vary by 30 to 100 points because lenders weigh credit factors differently.

Factors that affect your credit score include payment history, amount of debt you carry, length of credit history, whether you frequently apply for new credit, and your credit mix (credit cards, retail cards, mortgage, personal loans).

The best advice is to pay bills on time and only charge as much as you can afford to pay in full when the bill is due on credit cards and other revolving accounts.

To order your credit score for $12.95, go to www.MyFico.com. Call the credit reporting agencies for pricing options for credit reports and credit scores: Equifax 800-685-1111; Experian 888-397-3742; TransUnion 800-888-4213.

Carfax Service