Trying to get back on track after a financial hardship can be difficult, but the good news is that it is not impossible. An auto loan can really help give your credit history the boost it needs, but it will take some time and effort to do so.
Having bad credit doesn’t have to mean that you’re limited to buying cheap cars from private sellers. You can get an affordable car loan to buy a safe and reliable vehicle, and start to rebuild your credit at the same time.
Having your car repossessed can seem like a total nightmare. It leaves you owing money on a vehicle that you can no longer drive, and it leaves you in position where it can seem unlikely that you can get a new car anytime soon. But, believe it or not, you can recover from repossession. It just takes time and a plan.
Rachel was unpleasantly when she checked her credit score and it was much lower than she had expected. She had never had a bankruptcy, a charge-off or a repossession. What credit mistakes had she unknowingly made, and how could she fix them?
Robert had never heard of Auto Credit Express when he stumbled upon our site late one night, searching for auto financing. He knew his credit wasn’t great, so walking into any dealership and picking out any car was not an option. And he didn’t have enough saved up to purchase a car from a private seller. It’s no wonder he was starting to lose faith in his chances of getting a car, that is, until that night.
Mike didn’t want Kelly to worry, so he had started to look for a new car immediately after the old one went out of commission. And while he had a good job as a line manager with a major auto manufacturer that he had been at for 2 ½ years, he also had a major blemish on his credit history. The clock was ticking, and he didn’t know where to turn.
Be especially careful when filling out a credit application, making sure all the information entered – especially income – is accurate. If a dealer advises overstating income, the best thing to do is to walk away from the deal and the dealer.