Consumer Car Buying Advice Blog

A short list of simple tips that can help you avoid lowering your credit score with a bad credit auto loan

We get emails

Here at Auto Credit Express, we get calls and emails every day from customers that have gotten themselves into trouble by entering into a sales contract that they can’t repay. When this happens, often their only choice is a repossession that can further damage their FICO scores.

But there are a few things that can be done before you submit your online bad credit car loan application or sign on the dotted line in order to give yourself a better chance of reestablishing your car credit.

Know your FICO score

You should know, ahead of time, what is on your credit report and what your credit score is. If your credit score is above 640, you have a decent chance of getting a car loan with a conventional lender – be it a bank or credit union. If it is below 640, you will probably have to deal with a subprime lender.

Know how much vehicle you can afford

Set aside a budget for your car. In that budget, you should include your estimated gas as well as insurance (full coverage) expenses. At autocreditexpress.com, you will find a number of auto loan calculators that will help you estimate your car payment as well as give you an idea of your car budget.

Choose your retail car dealer carefully

Before going to a buy here pay here or tote the note lot, remember that these dealers don’t report to the credit bureaus and getting a car from one of them won’t help repair your credit. At Auto Credit Express, we have helped thousands of customers with bad and really bad credit buy a new or low mileage used vehicle that is not only reliable, but will help them reestablish good credit.

As we see it

In order to avoid a bad car loan, know your credit score and your budget. Visit us at www.autocreditexpress.com for payment and loan information. While you’re there, fill out the bad credit car loan application and we’ll send it to a dealer near you – one of 500 nationwide that specializes in a full range of automotive finance choices. By filling out the application, you could be on your way to better credit and a new life.

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