Having less-than-perfect credit makes it difficult to get a loan when traditional lenders base your ability to pay on your credit score. We do things differently at our dealership. Our lenders look at your job history and stability when finding loan financing. We offer used car loans for people with credit of all levels. But will this loan help you rebuild your credit score?
Making Payments on Time
People who have bankruptcies or who are slow pay need to demonstrate they can continue to make on-time payments. Your car loan is one great way to do this because we report to the credit bureau responsible for maintaining this information. However, you do need to do your part and actually make the payments. If this has been a problem for you, use your calendar in your smartphone to set a reminder or have it automatically withdrawn from your bank account. Don’t make things worse by not taking responsibility for getting this payment done.
Work Within Your Budget
A car loan is a good way to show improvement in your credit rating, but it has fit your budget. If you are recovering from a bankruptcy, you may need to carefully consider your budget before making your purchase of a car. Be realistic with the payment you can afford. It’s better to have the car that fits your finances, than to be worrying about where you’re going to get the money or how to stretch each dollar of your income.
Our lenders know how important it is to have a car to get around. We want to work with you to make sure you can get to your job and keep up with your lifestyle. Talk to us about your vehicle needs and let us show you some choices from our lot. Our team will help you if you demonstrate you can make payments by having income stability. Ask us about our used car loans.