Bad credit can be like a dark cloud hanging over your head, especially when it comes to getting a car loan. If you’re looking to finance a new set of wheels, you might be worried about the impact your credit score will have on your interest rates. The good news is that there are things […]
Understanding credit scores and car loans can seem like trying to navigate a maze, but don’t worry – it’s not as complicated as it seems! Your credit score is like a report card for your financial life, and just like in school, a higher score means you’re in good standing. What is a credit score? […]
1. First things first: Check your credit report to see where you stand ==> Check it for FREE at CreditKarma.com <== 2. Catch up on overdue bills If you have overdue bills that you’re unable to pay immediately, it’s important to take action to address the situation as soon as possible. Here are some steps […]
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 […]
There is no exact minimum credit score required to get an auto loan. A lot of the time, a score of 600 is good enough, especially if you are buying a used car. Smaller auto loans are much easier for people with bruised credit to get than larger ones. Minimum Credit Score to Buy a […]
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 […]
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 […]
There a few reasons why down payment is important, all to the customer’s benefit, regardless of whether the customer has bad credit or not. 1. Uncle Sam: This dealership pays your taxes for you up-front. This means that a chunk of your down payment has to pay taxes before hitting the balance. When you take out a […]
How To Rebuild Your Credit History No matter how hard you try, there are times when your credit history may just take a huge hit. Whether you’re forced to file for bankruptcy, go through a rough divorce, or just make poor judgments when it comes to handling your money, you’ll likely see it reflected in […]
Bad Credit Car Loans It can be distressing to be turned down for a car loan by a dealership, and it can feel as if there is no hope for getting the car of your dreams when it occurs. When it does happen, many people settle for driving a vehicle that is less than ideal, […]
