Regardless of your credit profile Auto Credit Express Can Help. Use the following examples to determine your credit profile.
Consumers with good credit will have demonstrated a "paid as agreed" credit history for at least three years.
"Unapplied for" derogatory items on the credit report such as medical bills, and civil judgments from non-creditors
are often ignored.
Good Credit Consumers have had "paid as agreed" installment credit such as a mortgage or an auto loan within the last
three years. Major derogatory items such as a repossession or bankruptcy should have happened over three years ago.
Apply for a Good Credit Auto Loan
Consumers with fair credit history will have demonstrated a "paid as agreed" credit history for at least two years. They may
have an occasional late payment.
Consumers without a "paid as agreed" installment credit such as a mortgage or an auto loan within the last two years should
have substantial good revolving credit. Major derogatory items such as repossession and bankruptcy happened over eighteen
Apply for a Fair Credit Auto Loan
Situational Bad Credit or Slow Pay.
Consumers with a situational credit problem. You can usually identify a significant economic disaster or event that caused the
credit situation. For example:
Apply for a Situational Bad Credit Auto Loan
Bad Credit or No Credit
- A Divorce.
- Illness or injury.
- Loss of employment.
- Bankruptcy due to medical problems, credit card debt, or loss of income.
Consumers with little or no applied for credit. May have numerous unapplied for charge-off accounts such as bad checks, unpaid
medical bills and utility bills, small unpaid charge accounts, and unresolved repossessions over two years old.
Apply for a Bad Credit Auto Loan
Really Bad Credit
Consumers with credit problems that cannot be isolated to a single event. A long term history of bad credit. For example:
Apply for a Really Bad Credit Auto Loan
- Multiple bankruptcies.
- Multiple repossessions outside of bankruptcy at different times.
- Significant bad credit after a bankruptcy.
- Currently delinquent on all existing obligations.
- Repossessions less than one year old.
- History of writing bad checks over a long period of time.