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Can You Buy a Car…?

Can you buy a car with bad credit? Yes, but, obviously it's not as easy as with good credit. The process for buying a car with bad credit is the same as any other purchase – if you have money and meet qualifications, you can buy a car. However people who have poor credit history [...]
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Worst Car Buying Mistakes Of All Time

Worst Car Buying Mistakes Of All Time

Buying a car is one of the biggest purchases of your lifetime right after buying a house. So why do so many rush through the process ending up with buyers remorse after the fact? Here are some of the worst mistakes of all time to keep and mind and avoid when going car shopping. 1. […]

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Buy Here Pay Here

How to finance your car, truck, or SUV with bad credit or no credit Let’s face it, buying a car from a car dealership can be stressful sometimes. From dealing with a pushy car salesman to sweating it through the financing approval process, the excitement is sucked out of the entire experience in many cases. [...]
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Car Repossession in Colorado

Car Repossession in Colorado

Automobile repossession occurs when a lender takes back possession of a vehicle from the borrower after one or more missed payments. The lender may pick it up with the assistance of a towing company or through what is known as “voluntary surrender” of the vehicle. At Econo Auto Sales, we work with you every step [...]
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How a Credit Score Affects Car Buying

How a Credit Score Affects Car Buying

A credit score is a number given to an individual by a credit bureau that is designed to help those in charge of handing out loans determine whether or not the individual is credible and worthy of a loan. A high credit score suggests the individual has a history of making payments on time, whereas [...]
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5 Ways You Can Rebuild Your Credit After Bankruptcy

5 Ways You Can Rebuild Your Credit After Bankruptcy

Filing for bankruptcy can take a real toll, but it is actually possible to rebuild your credit if you take certain steps and proceed wisely.   You’ll have to wait until you receive your “bankruptcy discharge”, the document that officially clears you from your bankrupt status, as this is the document most potential lenders will want to see before [...]
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Surprising Cars People Most Regret Buying

Surprising Cars People Most Regret Buying

Buying a car ought to be an exciting experience. However, while purchasing used cars, it may take a while before realizing that your ride is more lemon than road-trip bliss and luxury. Looking for a nice car? We have a large selection of cars available, with prices starting at only $988. Take a gander at […]

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How Does Bad Credit Affect Car Insurance Rates?

How Does Bad Credit Affect Car Insurance Rates?

Spoiler alert: it makes it more expensive.

Nothing like beating up on those who are already down. Unfortunately, that’s the way of the world. It’s a lot like loans. The people who most need to keep their payments down – because of financial problems – are the same people who get socked with the highest interest rates. Seems unfair, but it also makes sense. From a lender’s (or in this case, insurance companies) perspective if you haven’t been able to manage your finances to the point that you pay all your bills on time, statistics show that you’re less likely to do it in the future – as compared with those who always meet their financial obligations. Read the article below to get the full scoop:

If you have bad credit, you might be wondering what options you have for car insurance. So how does bad credit affect car insurance rates? Find out here.

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