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Recent Posts
5 Things In Your Credit Report You’ve Got To Know About
How much do you know about what’s in your credit report? Many people may be …Read More »
Key To Raising Your Credit Score Using Credit History
Believe it or not, credit history has a huge impact on your overall credit score. …Read More »
How Length Of Credit History Affects Your Score
The amount of time you’ve had credit makes a difference in your credit score. In …Read More »
How To Get A Car Loan Even With Bad Credit: Part 3
in Loans/by New Opportunity ProviderNow that you’re aware that you can find a lender who will take a chance on you, don’t make the mistake of going with the first fish that bites. You have to be sure that you’re making a sound financial decision that benefits you in the long run. This means not getting distracted by the promises of lower monthly payments in exchange for a long term loan. If you have to take out a long term loan, you probably can’t afford the car.
Also, make sure that the loan doesn’t have a bunch of extras tacked on that you don’t need. This includes extended warranties, insurance or after – market services.
Finally, make certain that once you drive off the lot that that’s it. There shouldn’t be conditions afterwards. Some lenders have been known to contact buyers later telling them that their interest rates have increased or that they need to make a larger down payment.
If you make strategic steps ahead of time, you can totally get the car you need without having to pay an arm and a leg. Just remember to do the proper leg work and most importantly, don’t get caught up in desperation.
Read: Part 1 & Part 2
How To Get A Car Loan Even With Bad Credit: Part 2
in Loans/by New Opportunity ProviderIn part 1 of this series, we began exploring how to get a car loan even with bad credit. Bad credit is an issue many people have, but it doesn’t stop them from needing a ride. If you put in the leg work, you can definitely get the ride you need. Here are a few more ways to get it:
Check out your bank or credit union first. It may seem like a long shot, but try applying at the bank where you have your checking account. You can also check out banks who are known for giving out auto loans. This may be national banks, regional banks and popular online lenders.
Also, get someone to go with you who can be your extra set of eyes and ears and who can be your partner. Their role is to not act too impressed and to help you stay neutral throughout the negotiation process.
Check out part 3 of “How To Get A Ride Even With Bad Credit”, for some final tips.
Need A Car? How To Get A Loan Even With Bad Credit: Part 1
in Loans/by New Opportunity ProviderDon’t be intimidated into thinking you can’t get a car loan if you have bad credit. Chances are strong you can get one, it may just take a little more effort on your part. Will the interest rates be high? Most likely they will, but they may not be as high as you think. It’s definitely worth doing your part and checking out because no two creditors think the same. Here are a couple of tips for getting a car loan, even with bad credit.
Know your score: If you’re armed with your credit score and credit report, no one can catch you off guard. You may have the same score as someone else, but maybe your history is a little longer. It’s important that lenders can see all the fine details.
Shop around: This can’t be stressed enough. One lender may be more lenient to your score compared to another. While one may think you’re too risky, another one may not think so.
Check out part 2 of ways to get a car loan even with bad credit.
Realistic Steps To Take On Fixing Your Credit Report: Part 2
in Credit Scores/by New Opportunity ProviderIf you read Part 1 on Realistic Steps To Fixing Your Credit Report, then you know that you need to look at a copy of your report and challenge any errors that you see. Now, let’s move on to two other realistic steps you can take in order to fix your credit report.
If you put these steps into action today, you’ll find your credit score increasing in no time.
Realistic Steps To Fixing Your Credit Report: Part 1
in Credit Scores/by New Opportunity ProviderA poor credit score can take the groove out of things in your life. Instead of being approved instantly for a loan, you’re treated like an irresponsible person. Even if you were irresponsible at one point in your life, something on your report from seven or eight years ago shouldn’t still haunt you.
When you’re on the mission of trying to clean up your credit report, here are some action steps you want to take.
This is part one on steps you can take to fix your credit report. Check out Part 2 for more.
Beware Of Credit Repair Agencies
in Credit Scores/by New Opportunity ProviderWhen you’re ready to clean up your credit report, it can be confusing to know where to start. Depending on how bad it is, you may find yourself struggling to figure out whether you need to call the creditors yourself or just ignore it hoping that it’ll go away. Cleaning up your credit report will give you a higher FICO score, so ignoring it isn’t the best option.
That’s why many find themselves turning to credit repair agencies in hopes of letting someone else handle the problem for them. Credit repair agencies are okay, but be careful. There are several scammers out there ready to prey on those who are desperate to clean up their credit. Scammers will charge you expensive upfront feels and in return promise to remove the following items:
They tell you that in 6 months to a year your score will be back to 700 when in reality, nothing ever happens.
A better credit score means better interest rates on mortgage loans, car loans and personal loans. So, do what you can to improve your score, but be careful how you start.