The Importance of Used Car Service Contracts

In which I pass on a lesson learned by someone I know that used to have bad credit

What we do

Here at Auto Credit Express it’s our job to help credit-challenged applicants find a car dealer that can give them their best opportunity to receive an auto loan approval.

 

We’ve been doing this for the last twenty years and, during that time, we’ve learned a number of things about car shoppers hoping to reestablish their auto credit.

Applying for Bad Credit Car Loans

Consumers with credit issues are faced with a number of challenges when it comes time to apply for a car loan

Our experience

   If you’ve experienced credit problems in the past or you have no auto credit – that is, you’ve never had a car loan – you should know that where you decide to apply for one can often mean the difference between a loan approval and a credit denial.

 

   At Auto Credit Express we know exactly what you’re faced with because we’ve spent the last two decades helping car buyers with credit issues. We started in the car business by training dealership personnel in the subprime auto loans process.

Looking at Rent to Own Autos

It may be transportation but consumers with bad credit will find that signing up for one of these vehicles will do nothing to establish their auto credit

We understand credit repair

Buyers with less than perfect credit out shopping for a car should know why dealers that offer a rent to own auto financing could care less about their credit situation while other dealers look at it a different way.

 

At Auto Credit Express we do know the difference because for the last twenty years we’ve been helping car buyers with credit problems find dealers that can arrange car loan approvals. So here is where we’ll try our best to explain the difference between the loans offered through our dealer network and those offered by used car lots that advertise rent to own cars.

Smart Cheap New Cars with Bad Credit

We take the list of the ten cheapest cars to own according to Edmunds.com and fine tune it for car buyers with less than perfect credit

What we can tell you

If you have credit issues but you’ve qualified for a new car it’s especially important to play it smart if you’re given a choice of vehicles.

At Auto Credit Express we know what’s at stake at this point because for over twenty years we’ve been helping car shoppers with low FICO scores find dealers that can give them an opportunity for their best chance at approved auto loans.
Cost versus price

Tips on Preventing Auto Insurance Fraud

Tips from the National Association of Insurance Commissioners can help credit challenged consumers avoid being victimized when shopping for car insurance

What we know

Here at Auto Credit Express we’ve spent the last twenty-plus years helping car shoppers with credit problems find dealers for their best opportunity at auto loan approvals.

Because these bad credit auto loans typically come with higher-than-average interest rates, we also try to educate applicants on the need to reduce expenses wherever they can – and, in particular, paying attention to, and shopping around for, the best possible auto insurance rates.

But according to the National Association of Insurance Commission (NAIC), looking only at the bottom line while ignoring the signs of possible insurance fraud can cause car owners more than just headaches as “taking a shortcut when it comes to your insurance could prove catastrophic and costly.”

Stepping Up Your FICO Scores

In which we pass on some advice from a government web portal that car buyers with bad credit should find especially helpful

Car Credit Repair

Here at Auto Credit Express we’ve spent the past two decades helping credit-challenged car shoppers find dealer for their best chance at approved auto loans. Along the way, we try to pass on to them advice concerning the subprime auto loans process as well as other tips on how they can improve their credit scores.

Not long ago, we came across an article posted on the U.S. Government’s web portal that sums up quite well the process of improving personal credit.

Here is some of what it had to say:

5 Steps to Help You Improve Your Credit Scores

So what should you do if you want to improve or maintain a good credit score? The following tips might help.

1) Request a free credit report

You can request a free copy of your report every 12 months from each of the three main credit bureaus: Equifax, Experian and TransUnion. 
The official website to get your free credit report is www.annualcreditreport.com.

2) Understand Your Credit Report

Understanding your credit report will help you make better decisions when it comes to your finances, because your credit score is based on your credit report. It includes personal information about you such as:

• Your payment history.
• How many loans you have and how much you owe.
• If you have ever filed for bankruptcy.

3) Check Your Credit Report

Sometimes information on your credit report might be incorrect or incomplete. That’s why you should check it periodically.

If you do find a mistake, these agencies must:

• Investigate the discrepancy usually within 30 days and correct it if necessary.
• Notify the company that provided the incorrect information.
• Provide you with a free copy of your credit report if changes are made.

The Federal Trade Commission has more detailed information on how to access free credit reports.

4) Pay Your Bills on Time

Paying your bills on time is an important factor in determining your credit score and showing your creditors that you are a responsible consumer. But there are other factors that might impact your credit score:

• Be selective when you apply for credit as too many applications may negatively affect your score.
• Don’t go over your credit limits. In fact, it is better to stay well below them.
• Pay down your debt with regular payments.

5) Get Professional Help

A budget might help you pay your bills on time. If you owe too much or are unable to pay your bills, you might want to consider a credit counseling agency. They can help you to manage your finances or figure out a plan to pay off your debt.

Be careful when seeking out these services, they might charge excessive fees and that can put you deeper in debt. The Federal Trade Commission has more information about credit counseling agencies and how they can help you improve your credit score.

The Bottom Line

One thing we’d like to point out is that, in some cases, simply improving your FICO scores won’t help you qualify for a traditional car loan. Many of these lenders require previous auto loan history. At this point, typically the only choice is a one of a group of lenders willing to take a higher risk. This is also where we come in.

Besides reminding people with credit issues that they probably have an alternative to a local tote the note dealer, Auto Credit Express specializes in placing applicants with franchised new car dealers that can offer them their best opportunity for approved auto loans.

So if you’re ready to establish your auto credit, you can begin now by filling out our online auto loans application.

 

 

Reference Conditions for Bad Credit Car Loans

Part of the typical auto loan process for credit-challenged car buyers is the requirement for a list of personal references

We know lenders

Take it from us: if you have less than perfect credit and you need a car loan, there’s a real good chance that, at some point in the process, you’ll need to furnish the lender with a list of personal references.

 

At Auto Credit Express we understand this is the case because, for over two decades, we’ve been helping car buyers with poor FICO scores find dealers that can arrange for approved auto loans for them.