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Fast Auto Loan Approval

Improve Your Credit, Get a Car Loan

What is a credit score?

A credit score is a term used to refer to credit bureau risk score. It broadly refers to a number generated which is used to evaluate information that is used to make a credit decision. Your credit card history; amount of outstanding debt; the type of credit you use; negative information such as bankruptcies or late payments; collection accounts and judgments; too little credit history and too many credit lines with the maximum amount borrowed are all included in credit-scoring models to determine your credit score. The most widely used credit score is called FICO that stands for "Fair Issac Co.", which developed the scoring system.
Build your Credit Score

How to Rebuild your Credit

Bad Credit can stop you from getting a car loan, but we have some simple steps to to rebuild your credit.
 
  1. Make sure the information on your credit bureau is correct.
  2. Check your credit score on a regular basis.
  3. The earlier you catch mistakes the less damage it will do.
  4. Pay all payments on time. Late payments are the main causes of low credit scores
  5. To establish good credit, have at least 3 debts like a mmortgage or a auto loan.
  6. Don't cary large balances on credit cards.
  7. If you haven't started your credit history, start now. The longer you have credit the higher your score can be.
Rebuild your credit with a car loan

Bad Credit Considerations when purchasing a car

When purchasing a car consider the warranty very carefully. One main reason people loose vehicles to reposession is when the vehicle breaks down, and the cost of repair is to expensive. When anyone has to choose between a vehicle repair and making an auto payment, they are in a no win situation. For additional piece of mind, consider an extended warranty, at least for the length of time that your vehicle is financed.

Tips for saving you money on your car loan:

  1. If you have damaged credit, or no credit, consider a co-signer for a lower interest rate.
  2. Consider GAP insurance on an "Non-Lease" purchase. It is an inexpensive way to protect your credit and savings in the event your vehicle is totalled. If you are putting down 30% or more on your vehicle purchase, skip the GAP insurance and save a little money.