Auto Credit Express Blog

A recent survey DealerRater conducted for Automotive News looked at the different ways car buyers deal with negative equity on their trade-ins. It found that the majority of consumers deal with this all-too-common situation in the worst possible way.

These tips for preparing to take out an auto loan with bad credit can guide you toward more informed choices along the way.

It’s important to know what’s going on with your credit, but you could argue that it’s even more important to understand how credit works. We break down how your FICO credit score is calculated and look at some ways you can improve your credit rating.

Subprime lenders—those willing to approve applicants with poor credit—emphasize many other factors beyond your credit when making loan decisions. Your income is one of the biggest determining factors in whether or not you qualify.

The prospect of refinancing your car loan is appealing if it can result in a lower interest rate and/or lower monthly payments, allowing you to save money. This step-by-step guide on how to refinance a car loan can help consumers who may be confused about what the process entails.

Going through a bankruptcy can be a stressful experience. And it can get even more taxing if you need to finance a car. We explain why it is easier to get approved for an auto loan in a Chapter 7 bankruptcy if you wait until it has been discharged.

The National Insurance Crime Bureau (NICB) released the 2016 Hot Wheels report, their annual list of America’s 10 most stolen vehicles last week. The NICB, using data submitted by law enforcement agencies to the National Crime Information Center (NCIC), is able to identify the cars that are stolen the most often.

Your finances and your credit go hand in hand. When your finances are in order, you put yourself in the best position to succeed in the realm of credit. And when your credit is in good shape, your finances can become all the easier to manage. Unfortunately, when either your credit or your finances are in disarray, things can get out of hand fast.

Getting approved for a car loan becomes more difficult if you have bad credit, do not have a job and your only income comes from benefits such as Social Security or disability.

One of the questions we are commonly asked about here at Auto Credit Express is how much is needed for a down payment. If you do any sort of research into the subject, you will hear plenty of differing opinions. This is because when it comes to down payments, there is no one-size-fits-all solution. Your ideal down payment will depend on several factors.