New FICO Score Will Account for Utilities Payments and More

New FICO Score Will Account for Utilities Payments and More

Are you familiar with your FICO score?

While some people stay current with their score, as they understand how this impacts their finances, others never take the time to see where they stand.

According to multiple outlets, FICO has already rolled out a new scoring formula. By doing so, it hopes to assist high-risk consumers access credit.

Before we get into the finer details of the new scoring system, it is important to understand how your FICO scores impacts your finances. In short, the higher your score the easier it is to secure credit, which includes a variety of loans. Furthermore, a higher score means a lower interest rate on loans, thus saving you money.

Sure, there are bad credit car loans available to those with a less than desirable FICO score, but wouldn’t it be nice if you never had to concern yourself with this?

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The Pros and Cons of Refinancing a Car Loan

car loan

You’ve likely seen a lot of commercials promising homeowners that they can save hundreds of dollars a month on their mortgage if they just refinance. They get a huge chunk of money back, save money every month and pay off their homes faster.

You may wonder if you can do the same thing with your car loan, which is likely the second biggest investment you have made (or the biggest if you don’t own your home).

The answer is: you can refinance your loan.

However, whether or not you should is another matter. Learning everything you can about the process and then carefully evaluating your financial situation can help you make the best choice for your particular circumstances.

Here are a few pros and cons of refinancing a car loan for you to consider:

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Best Used Cars: Consumer Reports Names Top Picks of 2015

2008 Mazda 3s - Consumer Reports Best Used Cars

Are you interested in buying a used car? Has the time come to make a final decision as to which make and model is right for you, your style, and your budget? Rather than make an uninformed decision, you can turn to a variety of resources, including Consumer Reports, for additional information and advice.

Once again, Consumer Reports has named its top used cars of 2015. Do you have to buy one of these vehicles? Of course not. That being said, you might as well take this information and use it however you best see fit.

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Used Car Sales Rise, Making it a Good Time to Trade In

used cars

Shopping for used cars in Cincinnati, Ohio, is one of the best ways to save money on a quality vehicle.

As the automotive industry has continued to rebound after the economic recession, the average price of a used car has risen in pace with the price of new cars. However, even with the higher prices, used cars are still the better buy.

According to, the average price of used cars in Cincinnati, Ohio, and throughout the country rose to a record [click to continue…]


The 5 Best Beaters for Under $3,000


Times once were that you could buy a top-of-the-line automobile for less than $3,000. But times have changed. A lot.

$3,000 is barely enough to put down a deposit on some vehicles, let alone to buy a new one outright. Fortunately, there are plenty of used cars in Cincinnati, Ohio that you can buy for less than $3,000. And those are prices you can get at a dealership — not from your great-aunt Betty.

When you’re dealing with such a limited budget, you need to research your options very carefully. You can get a reliable car for that budget, but if you’re not careful, you can also end up with a lemon.

Even though these cars are older, they have a reputation for performance and reliability, are still widely available, and are valued at less than $3,000:

2001 Honda Civic

The Civic continues to be one of the most popular car models in every year, and it [click to continue…]


How to Find the Best Used Car Dealerships in Cincinnati

used cars

When you shop for a used car, you don’t just want a car that is cheap. You want to get the very best your money can buy. Therefore, you don’t want to shop at a good car dealership, you want to shop at the very best car used car dealerships in Cincinnati.

Finding the best means doing more than reading online reviews. It means visiting the dealership and perusing its website to learn more about the way it does business and all that it has to offer you. Here are a few things you should look for to find the best used car dealerships in Cincinnati:

Quality Selection

One of the perks of shopping for a used car is that you have access to a much greater selection. However, some used [click to continue…]


2015 Shaping Up to be a Great Year to Buy a Used Car


Just like the housing market fluctuates with demand and interest rates, so does the car market. Thanks to rising demand for new cars, prices for used cars are expected to plummet in 2015, making it a great year to buy. For the best selection of used cars, Cincinnati, Ohio residents know that McCluskey Automotive is the best place to shop.

According to data from ratings agency Fitch and Black Book, a service that publishes used car values, used car prices are poised to fall [click to continue…]


The 10 Most Reliable Used Cars You Can Buy on a Budget

2001_toyota_camry_le-Used Car Dealerships in Cincinnati

Used car dealerships in Cincinnati have many different models to choose from. But when you’re looking for a used vehicle on a budget, you want to make sure you find one that will last.

Check out this list of affordable models. Not only do they have above average reliability ratings from J.D. Power, but they also have solid fuel economy ratings that will save you in the long run.

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Dealers Stock Up as Used Car Sales Rise


Used car dealers around the country reported an increase in sales for the quarter and the year, and dealers are stocking up on inventory to prepare for what they expect to be another busy quarter thanks to coming tax returns.

McCluskey Automotive, which sells some of the best used cars Cincinnati has to offer, has had a busy quarter, as well, but sales figures were not reported.

Across the country, large chain dealerships reported their [click to continue…]


Gas Prices to Continue to Drop in the Short Term


With as much as you’ve been saving at the pump lately, you might be thinking about putting some of that cash toward a new ride. Maybe you want to shop smart and look for used cars for sale in Cincinnati, helping you to save even more. A lot of other people have had the same idea, and sales of SUVs have risen in recent months.

Across Ohio, the average cost of a gallon of gas has dropped below $2. Two weeks ago, the average cost [click to continue…]