Many consumers lost their homes to foreclosure during the 2007 recession, and while things have since turned around economically, this black mark may still linger on their credit. Will it affect their ability to buy a car?
When you are facing credit issues, it can be difficult to know who to trust. This is why you should turn to Auto Credit Express when you need to finance a car with bad credit.
If you’re thinking of buying a car and you have less than perfect credit, you might consider taking the plunge sooner rather than later as Experian Automotive’s latest report shows an increase in the percentage of delinquencies in the subprime sector.
In a recent report from Experian Automotive shows a trend for longer car loan terms – which is particularly disturbing for borrowers with poor credit.
A derogatory mark, or “black mark,” is a long-lasting negative record on your credit report. Some remain on your file for 10 years. Even one can hinder your ability to obtain credit or get approved for a loan.
Credit is such a wide-ranging topic that consumers often lose sight of what is true and what is not. Because of how complicated it can get, we’ve been conditioned to believe certain lies regarding credit. Look out for these common credit lies that may be holding you back.
If you have bad credit, it is possible to still be able to buy a reliable vehicle. In fact, if you are buying used, you should make vehicle reliability and durability one of your top priorities. Here are three tips to help you ensure that the vehicle you are getting is reliable.