Car shopping and credit checks can be accomplished on your cell phone

Car shopping and credit checks can be accomplished on your cell phone  Shopping for a new car and checking your credit report is no longer a process that requires multiple trips to a dealer's lot or waiting on hold to speak with a finance agent.

In this age of technological innovations, it is no surprise that the car-buying experience can now be performed on your cell phone. For instance, Equifax – a consumer-credit reporting agency – recently released a new application for the Android platform that allows users to access their credit status, according to AndroidCommunity.com.

The app, which is compatible with Android 2.1 phones and up, provides credit rankings as well as data related to total debt, utilization and late payments. Thus, if consumers are on the verge of buying a vehicle at a local dealer – but they're unsure about their eligibility for a car loan – they can simply check their report without having to leave the lot.

Furthermore, shopping for a car can also be done on mobile phones. Last month, Cars.com revealed that it launched an application designed to help consumers find the best car for them. This program, which is available on the iPhone and Android devices, contains dealer and seller contact information, vehicle photos, a loan payment calculator and sortable search filter based on the user's price range.