If you have had some credit issues in the past you already know how difficult it can be to make a major purchase like a car or home. Most all lending institutions approve or deny car loans based on your individual credit score, often referred to as your "Beacon Score". Your credit score is based on your past and current payment history with various lending institutions including mortgages, auto loans, credit cards, as well as any account that has been in a collection status. When trying to buy a car and obtain financing for your new car, your beacon score plays a major role in not only getting approved but the interest rate that you will be given by the banks.
What causes your credit score to go down?
Paying payments late or getting behind on payments
Having high balances on accounts in relation to original loan amount
Credit Cards, Credit Cards, Credit Cards-especially we high balances
Un-Paid medical bills
Un-Paid cable or cell phone bills
Bad checks
These are some of the major items that can cause your credit score to go down. Other variables may also affect your score.
So how can we help you get financing on a new or used car if you have had some credit issues in the past?
First of all, we understand that bad things happen to good people. We understand that every customers situation is different and we work hard to make sure we understand what happened so we can better relay that information to the loan officers we deal with.
We are also always looking for different lending companies that work hard to help those who have had problems in the past.
Last of all, we work diligently to get you approved for a vehicle under some terms even if they are not favorable today. You see, we understand that if we work hard for you, even if it doesn't work out today, that you will return to allow us to assist you when the time is right.
So whatever your situation may be, you can rest assure our financial specialists will work very hard to help you obtain financing regardless of your past or current credit. We will always work in an upfront and honest manner to make sure you understand and are communicated with every step of the way. So when other dealers come back within 5 minutes or less and say they just can't help, come by and let our staff go to work for you.
You can put us to work for you today by clicking on the "Finance Application" on the right. This will send us your information in a completely secure for. We will contact you for any additional information we may need and immediately go to work for you.
If you have any additional questions about how to obtain financing for your next vehicle give us a call at 252-291-5300 oruse the Contact Us link on the right to send us a message.