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Pinnacle Finance Blog

March 20, 2016

Improving Credit Trends for U.S. Consumers

Good news for dealers looking to grow business by offering financing options to potential buyers – the average FICO credit score, a key component to financing decisions, is at an all-time high in the US. Based on a recent FICO blog there has been significant improvement in FICO scores since the Great Recession. The national average FICO score in April 2015 is at an all-time high of 695, up from a low of 686 in October 2009. The data for those two time periods also indicates that 19.9% of the population has a credit score of 800 or higher, […]

June 16, 2016

Home Improvement Financing Tips

We recently wrote a blog piece about financing tips for homeowners looking to purchase home improvement products. We thought we would share it with you. If you wish please feel free to share this information with your customers or post it on your website. If you do post it on your website we kindly ask that you credit Pinnacle Finance for the information. What can homeowners do if products or services are needed, or desired, for their home, but cash or credit cards funds are not available? Financing the purchase over a period of time enables the homeowner to fit […]