Consumers with problem credit can improve their chances for auto loan approvals and raise their FICO scores by paying attention to the tips from the American Financial Services Association
Know the score

Even with bad credit, according to the experts managing your money is the first step to credit repair and a good way to raise your credit scores before applying for a car loan.

Here at Auto Credit Express we know this is true because for over twenty years we've been helping car buyers with questionable credit searching for online auto loans find a dealer that can offer them their best opportunities for approved auto loans. Our website even features a resource section so consumers can research topics like today's – how to begin your credit repair efforts before applying for a car loan.

Credit repair

Not long ago the AFSA Educational Foundation published an article about a successful plan to help manage money that could also help consumers with poor credit boost their credit ratings and raise their FICO scores before applying for a loan.

Here are some excerpts from it:

• Keep track of your spending for at least one month to realize where your money is going. This exercise will help you identify unnecessary spending. Use your findings to create a realistic budget and review your budget monthly.
• Pay yourself. Designate a fixed amount of money from each paycheck to automatically transfer into a savings account or 401k.
• Collect change. This tried and true practice can provide you with a significant amount of money that you can deposit into a savings account or use to pay off balances.
• Obtain a copy of your credit report at and review it to know where you stand.
• Comparison shop. In today's economy, it is more important than ever to compare offers and allow extra time to make the best decision possible.
• Take advantage of automatic bill pay for loan payments, utilities, etc. to avoid missed payments and late fees.
• Make a commitment to pay more than the minimum payment on your credit cards if you cannot pay in full. Whether you pay an additional $5 or $50 each month, this strategy will help you pay off balances more quickly.
• Take advantage of free online financial education resources such as,, and

The Bottom Line

Even if you're currently experiencing credit issues it's never too late to take charge of your finances and begin rebuilding your credit - especially if you're contemplating applying for a high risk auto loan.

Another tip: If you've been turned down for a conventional car loan there is another alternative to a BHPH car dealership. That's because Auto Credit Express matches people that have experienced car credit difficulties with those new car dealers that can offer them their best chances for auto loan approvals.

So if you find yourself in this situation and you're ready to reestablish your auto credit, you can begin now by filling out our online auto loan application.