Consumer Car Buying Advice Blog

With most bad credit car loan lenders now requiring a down payment your income tax refund can be the ideal way to begin the process of reestablishing your credit.

Raise your FICO score and reestablish your car credit

With income tax season in full swing, there could be no better way to use a portion of your income tax refund check than to begin the process of reestablishing your car credit and raising your credit score.

At Auto Credit Express we’ve spent the last 20 years working with consumers who have bad credit and helping these individuals raise their credit scores and reestablish their car credit by filling out our bad credit car loan application and financing a vehicle with a bad credit auto loan. Along the way, we try to provide them with the information needed in order to make an educated decision on how to approach the credit rebuilding process, since a poor decision can trap them in a loan they can’t afford which could result in a repossession that could lower their credit scores even further.

Why you’ll need a down payment

Although the drop in loan originations due to the current recession seems to have halted and subprime lenders are beginning to increase the actual number of bad credit car loans they are writing, these same lenders, still worried about repossessions, are continuing to follow conservative lending practices with loans that are being subject to tighter lending standards that include higher down payments and shorter loan terms. When looking over the history of the bad credit car loan market, this means that an individual with bad credit and a given credit score will be asked to put down a larger down payment than in previous years.

And with many credit-challenged consumers receiving their income tax refunds, there is no better time than now to begin the process of rebuilding car credit and raising FICO scores by using a portion of that refund as a down payment on a bad credit car loan.

How we can help once you’ve received your payment

At Auto Credit Express we offer credit-challenged consumers an easy way to find a dealer that caters to, or has a department that specializes in, bad credit car loans.

By filling out a bad credit car loan application on our site, consumers can avoid driving around town searching for a dealer that can help them and possibly prevent the potential embarrassment of getting turned down for a loan.

We have helped literally thousands of people with bad, blemished, bruised and tarnished credit buy cars and reestablish their credit at the same time. Our nationwide network of affiliate dealers specializes in bad credit car loans. Our web site, www.autocreditexpress.com, will help you determine how much car you can afford and unlike other sites, our toll free number is listed on every page, in case you have any additional questions.

So why not begin the process right now by filling out our secure online bad credit car loan application to see what we can do for you.

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