One of the better choices offered to most car buyers with problem credit is the chance to add a service contract to their auto loan, especially if they’re considering is a used car.
Here at Auto Credit Express our specialty is helping car shoppers with problem credit find those car dealers that can give them their best opportunities for car loan approvals.
For car buyers with questionable credit there are a number of situations in which the protection provided by car gap insurance for an auto loan makes sense.
Unfortunately, car buyers with problem credit are sometimes easy targets and can be taken in by sales pitches from questionable used car service contract marketers that have learned of a recent auto loan.
Car dealership finance managers sometimes refer to it as “fully protecting” an auto loan and even customers will bad credit will get a sales pitch on it once their credit application is approved.
Finance managers at car dealerships refer to it as “protecting a loan” and the fact is that even if you have poor credit it’s always a good idea to have an understanding of the basics of how credit life insurance works with auto loans.