FAQ


1. Q: What is your 90 Days Same as Cash Program?

    A: Equity Auto is pleased to offer it's unique 90 days, same as
    cash program. This program enables the dealer to "sell around"
    any rate issues while affording the customer the knowledge that they
    can shop for better rates and terms after they purchase their car. See
    dealer section for details.

2. Q: What are the credit guidelines for Equity Auto Finance?

    A: If it makes sense, buy the contract.

3. Q: What is the minimum credit score acceptable?

    A: EAF does not consider the credit bureau score in determination to
    buy a contract. If it makes sense, buy the contract.

4. Q: What is the maximum Payment To Income ratio?

    A: EAF believes that Payment to Income ratios should be considered
    on an individual basis. If it makes sense, buy the contract.

5. Q: What is the maximum loan amount?

    A: EAF has no stated maximum loan amount, a typical loan that is
    purchased is less than $60,000. If it makes sense, buy the contract.

6. Q: Is a co-signer necessary?

    A: Only on rare occassions does EAF request a co-signer.
    If it makes sense, buy the contract.

7. Q: Many recently widowed or divorced men and women have
    successfully managed their money for years, yet they have no
    credit history. Will you finance a recently widowed or divorced
    person having no credit history in their name?
    
    A: We take this scenario into consideration. If it makes sense,
    buy the contract.

8. Q: If the contract I submitted for purchase was not approved, can I     discuss it with the underwriter?

    A: The Company encourages dialog with our Dealer customers
    because this may provide additional insight that will allow us to
    meet our approval requirements which are; If it makes sense, buy
    the contract