Consumer Car Buying Advice Blog

Economic Stimulus Payments are going to be mailed out beginning in May and can be used for a down payment for a bad credit car loan. Do you know how much you’re getting?

This year you might get two tax refunds.

Here at Auto Credit Express, we want you to understand how the Economic Stimulus Payments work and what to expect.

The Economic Stimulus Payment is based on your 2007 Federal tax return. In order to qualify for the payment, you must file a 2007 return. Even though you didn’t get a refund from your tax return, you may still qualify for the stimulus payment. It’s also important to remember how you filed your return (which form you used) as well as how you received your refund.

If you qualified for a refund and had that money direct deposited in the bank, your stimulus payment will come even sooner. In fact, if you filed your return by April 15th and chose direct deposit for the refund, your stimulus payment, if you qualify, will be direct deposited in the same account no later than May 16th.

Stimulus Payment Schedule

The following is a schedule of when the payments will be made, provided you qualify and filed your return by April 15th:

Visit the IRS website

For more information, visit the Internal Revenue Service website. The general web site address is www.irs.gov. The Economic Stimulus calculator site is http://www.irs.gov/app/espc/. Be sure to have your tax return handy when you do this, since you will be required to answer specific questions about your filing status as well as line entries on your return.

How can a down payment help my bad credit car loan?

With the slowing economy, many bad credit car lenders are tightening up their guidelines for lending. Now, more than ever, a down payment will help your chances to get a high risk car loan.

How Auto Credit Express can help you find a dealer

Our web site, www.autocreditexpress.com, can help you in your car buying decision. Especially if you have bad credit, our web site explains the application and buying process. In addition, our nationwide network of affiliated dealers are all licensed in their respective states and all of them specialize in financing for credit challenged customers.
Once you’ve had the chance to research the process, you can fill out our secure auto loan application in the comfort and privacy of your home. Remember: here at Auto Credit Express, we want you “on the road” to better credit!

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