New and Used Car Credit

Follow these 3 steps to Getting a Good Car with Bad Credit:

1. The first thing you should do is get a copy of your credit report and credit score. If your score is above 550, then you can proceed to the next step immediately. If your score is lower, than you need to work at increasing it to a bare minimum of 550. Make sure you’re pulling in at least $1,600 per month through permanent employment, have a working phone and pay as much off your credit cards as possible. Ideally, your debt ratio is no more than 30% of your income.

2. Pre-arrange your bad credit financing. Fill out the application form on this website, and get your back up documentation ready. Usually, you will hear back from us within an hour or two. You should have your financing arranged before looking for a vehicle. This will not only help protect you from fraudulent dealers, but will save you time and disappointment. If you shop first, you may not be able to secure the car you had your eye on before you knew how much your bad credit car loan budget would be.

3. Find your car. You have your pre-approval in hand, so you know your price range. The helpful folks here are happy to answer any questions that you might have regarding the process, or your car search. If we can help, just ask.

It’s a good idea to take some time to ensure that you buy the best car that you can with the amount of money that you have been pre-approved for. You want your new or used vehicle to be reliable for at least as long as the term of the bad credit loan. Once you’ve made your purchase, be sure to maintain the car to keep it running well, and to give it the best chance of some trade-in value when the time comes to get your next one. If you’ve kept your account in good standing and have been working at repairing your damaged credit, you may not require a bad credit auto loan for your next vehicle.

Getting a good car with bad credit doesn’t sound so hard anymore, does it? Making your payments on time every month will help build your credit score, while at the same time having a vehicle to drive. It’s the best of both worlds for people who need car financing with bad credit.