If you’re purchasing a used car, especially if it’s part of your efforts at repairing bad credit, you owe it to yourself to check for any open recalls as well as have it thoroughly inspected before taking delivery.
It’s especially important for people with poor credit to choose an insurance company that’s not only affordable, but also responsive to its policyholders in terms of billing, payment and claims issues. The results of the current J.D. Power U.S. Auto Insurance Study should help steer these car buyers owners in the right direction.
If you have credit issues, you can save yourself a lot of time and frustration by determining, on your own, if you meet the basic requirements of most high-risk lenders – before submitting an application for a bad credit auto loan.
If you have problem credit, chances are you’ll end up applying for a car loan at a dealership that works with a broad range of lenders. How you find that dealer is up to you, but here at Auto Credit Express we want you to know that for over twenty years we’ve been helping customers just like you locate car dealers that can offer the best opportunity for auto loan approvals.
Although the subprime market continued to grow during the first quarter of this year, the increase in repossession rates is sure to cause these finance companies to moderate the pace of lending. If this happens, borrowers with larger down payments (with cash down or real trade equity) who are willing to consider a range of affordable vehicles will have a much better chance of receiving an auto loan approval.
Though they may have some flaws that show up on their credit reports, even these consumers, in most cases, owe it to themselves to check out their local bank or credit union before going the indirect lending route.