If you are in need for another vehicle, and looking to raise your credit score, you can do both by opening a bad credit auto loan through a subprime auto lender.
AutoCreditExpress.com is a massive auto network that has experienced dealers that specialize exactly in subprime auto loans.
Opening this type of loan after an unfortunate credit experience provides a great opportunity to raise all of your credit scores.
But with any big decision you make in life there are plenty of things to consider.
The first loan following a severe drop in your credit score will be at a higher interest rate than what you may be used to.
In the future, you will qualify for a better rate, provided that you make your payments on time on your first bad credit car loan.
Due to negative equity, you may not be able to refinance or trade your vehicle in until at least half the loan term has been reached.
If you don't make your payments on time with auto loans for bad credit, your credit score will drop even further.
We would like to help you with this financial decision as best we can, so before you buy a car after a bad credit experience you must decide what is most important to you, and your situation.
If reestablishing your credit as quickly as possible is your biggest concern, we recommend buying and financing an inexpensive car with a loan term of 36 months or less.
If you do this, and make your monthly payments on time, you should be able to trade that vehicle in after 18 months or so and qualify for a much better interest rate.
If this idea sounds like it suits you, then begin the process now at AutoCreditExpress.com.
We can get you to a dealership in our network that will work with you in as little as 24 hours.