Your credit history and your car loan
by Dave LaLonde on Wednesday, November 7th, 2007Bankrate.com Quotes Auto Credit Express Vice President George Hrisoulis Jr.
“The credit application, your credit history and the down payment are among the items auto lenders consider when providing financing to a car buyer.These factors illustrate “the three Cs” of lending: capacity, character and collateral, says George Hrisoulis Jr., vice president of field operations at Auto Credit Express Inc.”
The thing is credit history is of great importance at our time. Good credit history can be a ticket to more favorable home and car loans. So, everyone should know the tips how to avoid possible financial mistakes or how to improve one’s credit history.
hey there i was wanting to know. I have some money to get a car but i have bad credit. i was wanting to go to a tote your note lot so i can give them money down that i have and pay by the monthly thing. i really need a car right now and a reliable one not one that would brake down on me. i also read some were that you guys just get yalls cars that don’t worl that octions didn’t sell so i was wondering if that was true. i need one in good condition and that runs. please e-mail me back TexasSweetThang86@yahoo.com
Carrie,
We work with a nationwide network of affiliate dealers that work with lenders that specialize in bad credit car loans. Unlike “tote your note” dealers, these lenders report your payment history to the credit bureaus so that you can reestablish your car credit. Most of the lenders they work with only accept cars that are 5 years old or newer with 50,000 miles or less - not the older cars you generally find on “tote your note” lots.
If you go to our web site - http://www.autocreditexpress.com - you’ll see that it also explains the other requirements (including income) need to qualify for one of these loans, as well as a credit application that you can fill out.