Tag: car loan

There are few things less stressful than having bad credit, especially when you’ve found yourself in a situation where you need to take out a car loan. Thankfully, if you do need to take out a car loan — but happen to have bad credit — there are ways to do so that can actually help you improve your credit score over time. Yes, really! Let’s take a closer look at some of the steps you can take to build up your credit score by taking out a bad credit car loan below.

Naturally, a critical part of building your credit score is making timely payments on all of your loans, not just your bad credit car loan. However, making on-time payments on your bad credit car loan is an excellent place to start. If you’re late on making payments, or end up missing payments altogether, this can have quite [...]

Need to take out a car loan but have bad credit? If you’re currently in this situation, you’re definitely not alone. You may be wondering what your options are, considering the fact that you usually have to have a pretty good credit score to be approved for a car loan. Thankfully, that’s not the case with bad credit car loans. Let’s take a closer look at what bad credit car loans are, as well as some things you should know before applying for one below.

As the name suggests, bad credit car loans are specifically designed for people who have low credit scores and therefore may have difficulty getting approved for a traditional car loan. These loans tend to come with higher interest rates and stricter repayment terms. However, they can be a viable option for people who need a car but happen to have limited [...]

Your credit score can affect a lot of financial offerings, including mortgages, credit cards, and car loans. If you need to buy a car, but your credit is less than stellar, you need to know what you can expect in terms of interest rate and other costs. Let’s take a closer look at the average interest rates for car loans with bad credit.

Your credit score is essentially a measure of your “creditworthiness” or how responsible you are as a borrower. The higher your credit score, the more loans will be available to you and the lower your interest rates will be.

Your interest rate is how much money is added to your loan total or balance each billing cycle. A higher interest rate means you’ll pay more for a loan over its lifespan compared to a lower interest rate.

Generally, if you have a bad [...]

One of the most common questions we hear as a buy here, pay here dealership is, “Can I get a car loan with a bad credit score?” This is an important question to address because having low credit isn’t uncommon. Unfortunately, with many loans, having low credit means you simply can’t get financed.

Will having bad credit harm your chances of getting a vehicle? Not when you come to Car-N-Credit!

Yes! Car-N-Credit has guaranteed auto loans for drivers with a 500 credit score. Whether you have little to no credit or a low credit score, we work hard to help you get financing for the vehicle you want.

We know that a credit score doesn’t show your full picture. Some people haven’t had the opportunity to build their credit. Others fall on hard times temporarily and want to work back up to a good [...]

Have you visited other dealerships only for the finance department to run your credit and say they can’t help you? Not every car buying experience needs to be like that. In fact, bad credit does not automatically disqualify you from buying a vehicle.

The key is to work with a dealership that’s designed to handle situations like yours. At Car-N-Credit, we work with people who have bad credit every day. Despite your credit history, you can qualify for guaranteed auto financing with us.

Our financing model is buy here pay here. That means that you buy the car from us, we finance it, and you make each payment with us until you pay off your loan. We even offer two-year payment terms so that you can get your car paid off quickly.

We’ll also work with you on an affordable down payment amount, [...]

While some people dream of buying a new car, opting for a used model instead makes a great deal of sense, especially financially. Between the money you will save, the peace of mind you get from not having to worry about totaling a new car, and the range of options you have to choose from, buying a used car will deliver plenty of benefits.

The most obvious benefit of buying a used car instead of going with that shiny new model is the money you save. In fact, this is the main reason most people who purchase a used vehicle do so. Just at the time of the purchase, you will save a few thousand dollars right away. Don’t forget that because of the lower purchase price of a used car, [...]

When you are in the market for a used car, you will have a lot of options available. For those in tough financial situations, buy here pay here financing is the perfect solution. You will be able to get an automotive loan that you can afford and end up with the transportation you need to get to work and run errands. Best of all, you will still have an excellent selection of vehicles to choose from.

Although anyone can take advantage of buy here pay here financing, this type of auto loan was specifically designed for those with poor credit. We don’t have credit checks and make it easy to get an automotive loan no matter your current credit situation. To make it even better, buy here pay here financing can actually boost your credit rating. At Car-N-Credit, for example, we report monthly to the credit bureau, letting them know that [...]

Car-N-Credit is part of the Paul Sherry family of dealerships and is your “buy here pay here” automotive dealer. You can find a wide range of vehicles with options for everyone and, since you get your auto loan right on site, the entire process is smooth and stress-free. Anyone can apply for an auto at Car-N-Credit, but here are just a few of the people who will want to strongly consider buying from us.

Anyone who wants to drive a reliable vehicle around Piqua and the surrounding Miami Valley area can apply for their auto at Car-N-Credit. We have cars, trucks, SUVs, and vans, so you should have no issue finding the type of model you want. All of our vehicles are reliable, and we [...]