Consumers with less than perfect credit that need another vehicle should know that according to a survey conducted for the National Foundation for Credit Counseling it is not just Americans with credit issues that come up short when it comes to understanding their own finances

Our experience

At Auto Credit Express our job is to help people with credit problems find dealers for their best chances at approved auto loans. We know this can be a fairly expensive undertaking since most high risk car loans typically come with higher interest rates.

But for most people with poor credit looking to get another car, it's one of the few ways they can raise their credit scores while, at the same time, having a means to get to and from work to earn a living. And even though they might realize that they do have bad credit they may be asking themselves why, like so many others, they've gotten into financial trouble.

Some answers to that question might be found in the results of an annual survey commissioned by the National Foundation for Credit Counseling and conducted by Harris Interactive. Here are excerpts from the key findings of the survey.

2012 Consumer Financial Literacy Survey

Financial Literacy:

4 in 5 adults (80%) – a greater proportion than last year (76% 2011) – admit they could benefit from additional advice and answers to everyday financial questions from a professional. In fact, like last year, many adults (42% 2012, 41% 2011) now give themselves a grade of C, D, or F on their knowledge of personal finance, marking a statistically significant change from 2010, when as many as nearly 2 in 3 adults (65%) gave themselves an A or B.

Budget:

In 2012, just over two in five U.S. adults (43%) report that they have a budget and keep close track of their expenditures. More than half (56%) admit they do not have a budget, including more than 1 in 5 (22%) who say they don't have a good idea of how much they spend on housing, food, and entertainment.

Savings:

Two in five adults (40%) say they are now saving less than last year, and nearly the same proportion (39%) do not have any non-retirement savings. Though there had been an increase in the proportion of adults who have savings between 2008 (63%) and 2010 (67%), that proportion had begun (and now continues) to decline since 2010 (67% 2010, 64% 2011, 59% 2012).

Credit Score:

Though the proportion of adults who have ordered or received their credit score in the past 12 months has increased significantly since last year (44% 2012 vs. 37% 2011), most adults have reviewed neither their credit score (55%) nor their credit report (62%).

As we see it

While many situations that result in low FICO scores are preventable, sometimes unexpected circumstances can get the best of us.

If you find yourself in this situation we want you to know that Auto Credit Express matches consumers with poor credit with those car dealers that can give them their best opportunities for auto loan approvals.

So when you're ready to reestablish your car credit, you can begin the process by filling out our online car loans application.