Contact Account Representative

How can we assist you with your account today? 

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Compliments, Concerns or Complaints

We are always trying to improve.  Management at MPH2 Funding is interested in hearing your feedback. Thank you for taking the time to tell us what we did great or what we can improve upon.  A member of our management team will respond to you promptly.

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Contact Sales

Please be sure to include your phone number, email address and the address of your dealership and one of our underwriters will contact you promptly.

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About My Credit

Your credit report contains information about every account you have had for the past 7-10 years. Everything from the type of account to the credit limit and payment amount and whether or not those payments were made on time is included in the file. Creditors use this information to determine whether or not to lend you money and how much interest you will have to pay. The difference between having a 750 credit score and a 450 credit score can be $11,000 or more on a $20,000 loan, so you can see how important it is to improve your credit score.

The most important thing in improving or maintaining your credit is paying your bills on time. One late payment shows up on your credit and lowers your score for 7 years!

There are three major credit reporting agencies in the United States: Transunion, Experian and Equifax. MPH2 Funding reports your payment history to all three. If you would like more information on credit scores, visit http://www.myfico.com/crediteducation/creditscores.aspx.

Why is your credit important?
Your credit history will follow you for years. Good credit can remain in your file for your lifetime; bad credit can remain in your file for 7-10 years.

Why do I need credit?
Eventually, almost everyone needs some form of credit. You may need credit when renting an apartment or house. You may need credit when purchasing big ticket items such as TV’s or refrigerators. Other big ticket items that generally require credit are houses and vehicles.

Why is good credit important?
Maintaining a good credit rating will allow you purchase items on credit when you do not have the cash available. In addition, having good credit usually lowers the interest rate you pay. Person(s) with bad credit will likely pay a substantially higher interest rate compared to person(s) with good credit. For example, a $10,000 loan financed for 48 months at 21% interest will cost $4863.68 in interest charges. The same loan at 7% interst will cost $1,494.08, a difference of $3,369.60. Same amount financed, same term, just a difference in interest rate. Good credit can save you a lot of money over the course of time.

What is a credit score and why is it important?
A credit score is a numerical value assigned to your credit rating. Credit scores range from 300 to 850. It is important to maintain the highest credit score possible: the higher the score, the better the credit. The score can be affected by many items such as length of credit history, how many open accounts you have, negative credit history and how much credit capacity you have. To see additional information regarding credit scores, click the following link: http://www.myfico.com/crediteducation/creditscores.aspx.

How can MPH2 Funding affect my credit score?
MPH2 Funding reports to all three credit bureau repositories and additional information can be found with the attached links.
Trans Union: http://www.transunion.com/
Equifax: http://www.equifax.com/home/en_us
Experian: http://www.experian.com/index-dbu.html

Although MPH2 Funding is not a credit repair company, your pay history will be reported to all three bureaus which, in turn, can help your credit as long as you pay on time.  Not paying on time will affect your credit score negatively.  By paying on time, you will have the opportunity to increase your credit score which in turn will allow other creditors to see your ability to make timely payments.