What is a 600 credit score and how does it affect getting a car loan? Explanation of a score of 600 A credit score of 600 is considered to be on the lower end of the credit rating spectrum. It indicates that the person may have had some difficulties in maintaining a good credit history, […]
Having bad credit, typically defined as a FICO score below 670, can make it difficult to secure a loan for a car, especially if you’re a member of the military. However, there are options available for military personnel with bad credit who are in need of a vehicle. Here’s everything you need to know about […]
For military personnel, getting an auto loan with bad credit may seem like a daunting task. However, with the right information and guidance, it is entirely possible to secure military auto loans even with less than perfect credit. This article will cover everything you need to know about military auto loans, including understanding the basics, […]
Introduction So, you’ve set your sights on getting a new set of wheels, but you’re not sure how your credit score will play into the picture. Don’t fret! Buying a car with a 550 credit score is definitely doable with the right approach. In this guide, we’ll walk you through each step of the process, […]
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 […]
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 […]
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 […]
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 […]
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, […]
