Believe it or not, when getting car loans for people with bad credit, most will dive right in and go to the first local auto dealer they find that has the type of car they’ve been eying with no prior knowledge or forethought into the auto financing process. Having no plan will usually result in higher interest rates and higher processing fees which inevitably lead to higher monthly payments. Read More
Tag Archives: FICO score
Auto Loans for People with No Credit
If you are searching for auto loans for people with no credit, the first thing you need to think about is what the bank looks for. What is the banks idea of a suitable borrower? People with no credit who are looking for auto loans can expect higher interest rates and steeper penalties for late payments. Therefore not only is it a good idea to shop around for the best possible loan is is even better to become familiar with your credit report and the terms it uses to give you your score. Read More
Best Way to Improve your FICA Score.
The best way to achieve a higher fica score is to review your credit report and look for mistakes. You can obtain a free credit report once a year. There are two other steps you need to take to improve FICA score or to keep it high. Read More
Bad Credit Car Loans
If you need to purchase a car but you have bad credit rest assured that bad credit car loans are available from reputable lenders. When seeking this type of loan the best strategy is to put yourself in the lenders shoes… would you trust yourself with a loan? Also, be prepared to make the distinction between the car you want and a car that will do the trick. Read More
Guaranteed Car Finance
Guaranteed car finance is a service that is offered to those of us who have low or no credit scores. This includes college students who have just graduated and are in need of a car to get to their new place of employment. It also includes people with bad credit. Lending institutions are coming to the conclusion that they are missing out on a lot of business because by turning down loan applications from people with low FICO scores. Many of these people are responsible, are employed and definitely have the means to repay the loan. The problem is that due to uncontrolled circumstances such as accidents, a medical condition or identity theft these people have inherited bad marks on their credit reports. Read More