Tuesday, October 28, 2014

Online Car Loan Applications

The internet has changed everything. With a world of information at their fingertips, consumers have more power than ever. Consumers can do anything from finding love to buying a home online. Car shoppers have been propelled from in-person haggling at their local dealerships to thousands of online listings from hundreds of dealers with competitive up-front pricing in the click of a button from the privacy of their own living room. The internet, offering consumers access to inventory from dealers across the nation, has driven car dealers to list their most competitive price online or be lost in a sea of a thousand dealers offering a better price to anyone with internet access. Consumers have the power to find the best car at the best price before even setting foot into a dealership and most dealership activity has been pushed out of the showroom and onto the internet. You can find a car, get an appraisal of your trade, sell your car, make your car payment and apply for credit online. Online credit applications have allowed consumers to get loan approvals in minutes without having to leave the house, much less fill out mountains of paperwork hoping to get approved. Consumers can find a car and dealership, get an offer on their trade, and secure financing all from the couch. It’s a brave new connected world but people still have plenty of questions about how online credit applications work.

Is it Safe?

With stories of identity theft almost as common as Kim Kardashian selfies, consumers are smart to be concerned about protecting their personal information. In most situations, it is the website that you need to be worried about, not the submission. Scammers will send you official looking emails taking you to phony sites set up for the purpose of stealing your information. You will think that you are getting a great deal those Captain Kirk and Spock matching salt and pepper shakers that you thought you were purchasing from William Shatner’s fan site, but in reality the link in that email sent you a to a scammer’s page hosted in Liberia. For online car shoppers, the best way to avoid identity theft while is to make sure you are submitting your application on a trusted site. Use Google local business listings to verify you are on the actual business’s web site. Its fine for consumers to research and shop on generic listing sites, but when it comes time to submit an application or inquiry, go directly to the dealership’s website. Submitting information to a website that has an actual brick and mortar location will significantly decrease your chances to become a victim to a scam. When you are submitting an application for credit, check the web address of the credit application. It should be HTTP secure. The web address should begin with “https://ssl” or “https://”. The https:// stands for Hypertext Transfer Protocol Secure, meaning the dealership uses encryption to collect your information. HTTPS provides protection against outside hackers gaining access to your information. It also encrypts collected data to avoid tampering or eavesdropping. Again, the most fool-proof way to avoid identity theft online is to make sure you are on the correct site and to make sure that site is connected to an actual physical business location.

Will Applying For An Auto Loan Hurt My Credit?

Since we primarily work with sub-prime borrowers, our customers can be even more concerned about damaging their credit further than a consumer with excellent credit. Our internal credit application is just that…. internal. Your information is not automatically submitted to any credit bureau, and we won’t run your credit through any bureau without talking to you first. Even though during the application process we will run your credit, it is very unlikely to damage your credit anyway. Check out our blog post “Will Shopping Around For A Car Loan Damage My Credit?”

How Long Will It Take?

With companies fighting to make their product or service faster and faster, you can end up feeling like you’re stuck in Something About Mary’s “7 Minute Abs” argument. Just when you think someone has the fastest whatever, someone else comes out with something quicker. One only needs to study the “time to apply for car insurance” wars between Geico and Esurance. “It takes you 15 whole minutes to get car insurance?! We can do that in 7 ½ minutes!” While some things, like getting a car loan, shouldn’t be completed at a lighting pace, that doesn’t mean you should have to fill out one hundred required fields to apply for a car loan. Unless you have your employers HR department’s direct line number handy, you’re going to want to find a dealer that has a minimum required fields. At our dealership, we have slimmed down our online credit application to 8 required fields. You can enter as much information as you want but you won’t be forced to. Our only required information is First Name, Last Name, Home Phone, Address, Social, Birth date, Employment and Income. If you have these few pieces of information, we can get you a preliminary answer.

How Long Until I Get An Answer?

Some dealerships can take up to 48 hours to process your application…. and that is with excellent turn-around time. At our dealership, we use an advanced secure processing system that will use your information to give you a preliminary answer by email within 10 minutes, guaranteed. With that preliminary approval, one of our salesmen will call you. Our salesman will obtain any additional information needed to get you your car loan and will be able to provide you will options for down payment and terms.

How Will I Know I’m Approved 

In order to qualify for our guaranteed answer within 10 minutes, you will need to enter your email address in your credit application. Shortly after you receive your preliminary answer, you will receive a phone call from one of our salesman. Once we have obtained your information, we can determine your loan specifics like down payment, monthly payment and total loan amount. If you don’t get a phone call within one business hour of submitting your application, call us!

I Have Terrible Credit. Can I Get Approved?

Bad credit car loans are pretty much all we do. We have great rates for prime credit customers too but most people who come to us looking for a loan have already exhausted their first and second (maybe even third!) chances. We are different because we partner with multiple sub-prime lending companies, which gives our dealership plenty of options when dealing with consumers who have bad credit, or no credit or have been through a bankruptcy, divorce or even a repossession. Above and beyond our partnerships with our lenders, we also offer in-house Buy Here Pay Here financing for those especially difficult situations.

Sounds Great! Where Do I Go To Fill Out An Application?

Visit our website at http://www.usedcarworldpa.com/. You can fill out a credit application, get an instant appraisal of your trade-in, view our inventory, and learn all about our car loan programs. 

Thursday, September 11, 2014

How To: 10 Tips for Getting An Auto Loan After Repossession

    Having your car repossessed is not a pleasant experience... for anyone. Often, consumers purchase a vehicle with an auto loan while their financial situation is good and one major financial incident can send a good paying loan customer into a tailspin of non-payment. What makes vehicle repossession even more difficult is the fact that the consumer needs the vehicle as a means to get to work, and getting to work is likely the only way out of the financial situation that put them into repossession in the first place. One unexpected medical issue, layoff or difficult circumstance can negate your ability to make your car payment, and send you on the road to repossession. A repossession can be catastrophic for a family that depends on a vehicle to get to work, and make it impossible for consumers to turn the situation around. If your car has been repossessed it will be more difficult for you to get a loan, much less a good interest rate. Most prime lenders and banks will not loan a vehicle to a consumer that has a recent repossession, but there is hope. There are lenders and dealerships that will lend money to sub-prime borrowers including those with a history of repossession. Getting a car will get you back on the road and one step closer to fixing your financial mess..

1. Pay Off Your Loan
Now hold on.. You're probably thinking "If I could have paid off the loan, I wouldn't be in this situation to begin with." and you're right. We're not trying to aggravate you any further by suggesting you do something that is quite obviously impossible. What you may not know is that when a car is repossessed it is resold, usually at an auction, to pay off the remainder of the loan. The difference in that amount (minus fees and other charges) is what you owe after the repossession. It may not be an exorbitant amount... It may only be a few hundred dollars that you could pay off completely. That would stop any further collection and damage to your credit score, making it easier (and cheaper) to get another loan.

2. Contact Your Lender
The old adage "you never know until you try" rings true... even in the case of repossession. Your prior lender may be willing to work out an agreement with you to avoid further credit damage. You'll need to find out how much you really owe after fees and credit from the sale of your previous vehicle. There's no negative in attempting to negotiate with your lender.

3. Call The Credit Bureaus
One simple credit fix that is less well know is this: the credit bureaus will attach a short note to your delinquent credit items at your request. It won't change your score or remove the item, but it will give potential lenders reviewing your credit a short explanation of your side. 

4. Get Your Credit Report
Your repossession will have an affect on your score and history but until you pull your report, you have no idea where you stand. The affect of the repossession may not be as bad as you think, especially if you have other accounts that you have been able to pay on time. By law, you are permitted to view your credit report from all three credit bureaus one time per year

5. Do What You Can To Fix Your Credit
It's possible that there are other, easily fixable negative items on your report that is damaging your score. Even with a repossession, repairing other items on your report could mean the difference between driving or walking, and a percentage rate of 2 or 20 percent. If you can, wait as long as possible before purchasing another car. While this is not feasible for everyone, letting some time pass since your repossession and even opening a few secured credit cards can do wonders to your score.

6. Start Saving A Down Payment
Unfortunately if you have a recent repossession, the only way you will be able to get an auto loan is with at least a minimal down payment. Start saving what you can. By the time you find a lender and vehicle, you will hopefully have enough for your down payment.

7. Be Reasonable
"The sky is the limit" is no longer an option for consumers with recent repossessions. It's likely that you will not be able to get a newer model expensive vehicle. You may have to bring your expectations down a few notches. There is a limit to how much a sub-prime lender will allow you to borrow and you should be searching for an automobile within that range.

8. Find A Lender Before You Find A Car
Many consumers that are new to sub-prime lending make the mistake of searching for the car and then searching for the credit. For those with recent repossessions, you're going to need to find out how much a lender will approve you for before you find a car that you love.. and can't afford.

9. Visit A Dealer That Offers "Special Financing"
To find a dealership that works with sub-prime borrowers, search for dealers that advertise car loans for bad credit or special financing. These dealerships will have sub-prime lending options that mostly consider your income as opposed to your credit. You will pay more in interest, but they will be able to get you back on the road.

10. Buy Here Pay Here 
If all else fails, you can look for a dealership that offers Buy Here Pay Here. If you have no income, Buy Here Pay Here will be pretty much your only option. You'll need more for a down payment and will also have a higher interest rate, but they will be able to get you a car loan.

By: Used Car World
       Bad Credit? No Credit? No Problem!!
       Apply Online: http://www.usedcarworldpa.com/

Friday, August 22, 2014

Buy Here Pay Here Frequently Asked Questions

We know you need a car to get to work, drive your kids around and do the million other things that people have to get done in a day that are not within walking distance. Many times, people who are inquiring about our Buy Here Pay Here program are new to trying to get a car with challenged credit. They may have been told by a friend or family member that getting a vehicle loan is impossible without good credit. Eventually, someone tells them the only way they can purchase a vehicle is if they find a car dealership that offers “Buy Here Pay Here”. The large majority of customers that call our dealership looking to apply for our Buy Here Pay Here program are unaware that they are eligible for traditional sub-prime financing. Almost anyone, regardless of credit is eligible for special financing. Unless you are unable to verify your income, we can get you an auto loan through one of our sub-prime lending companies. Buy Here Pay Here is only for those who cannot verify income, or provide other types of verification for a regular special financing loan.
Since most of our Buy Here Pay Here customers are not familiar with the process, they have plenty of pre-conceived ideas about how auto financing works and we end up getting pretty much the same questions. Here are the most frequently asked questions about the Buy Here Pay Here program…

How much do I need for a down payment?
That depends. Many of our customers don’t realize that our special financing programs are available to those with bad credit or no credit. Almost all of our customers are eligible for one of our guaranteed financing programs and for those programs, the down payment can be as low as $500.00 plus tax and tags. If you are not eligible for one of our bad credit financing programs, the down payment for a Buy Here Pay Here depends on the cost of the car. Most are half down.

How much per month?
We do our best to work with potential buyers and fit our payment into your budget. Payments are on average $250.00 per month. Some are higher and some are lower. It depends on how much of a car you want and the length of your loan.

Am I eligible? How do I apply?
The best way to find out which of our auto loan programs you are eligible for is to apply online on our website. We have slimmed the application down to only 8 required fields, and we guarantee a preliminary answer by email in ten minutes or less! By applying online, our salesmen are provided with all of your information and can find which financing programs you are eligible for before you even call or come in to the dealership. We also take applications over the phone and in person at our dealership.

Can I use my trade as a down payment?
Absolutely! We take trade-ins and buy cars through our Cash for Cars program, even if you’re not buying from us. Get an online appraisal of your trade on our website.

To find out what auto loan programs you qualify for, fill out a credit application on our website. We guarantee a preliminary answer in 10 minutes or less. View inventory and prices or find out how much your trade is worth. We have the best used cars in Pittsburgh, and can finance anyone.

Sunday, August 17, 2014

Top 10 Best Used Cars Under $5000

Used car shopping on a budget? As a dollar stretches less and less, finding a good car on a small budget can be frustrating. You don't have to sacrifice reliability or quality for budget. We have compiled a combined list of the top ten vehicles that experts say are the best used cars under $5,000. They are reliable and reasonably priced, and won't break the bank.

2004 and Under Ford Focus

Shoppers looking in the $5,000 are almost always looking for practicality and fuel efficiency. There’s a version for everyone, which is one of the reasons it’s been Ford’s top selling model. There’s no need to worry about mileage either. Even ones that have been marginally maintained are barely broken in at 100k miles.

Wednesday, August 13, 2014

Fico Introduces New Scoring System FICO® Score 9 and Offers Hope for Lower Interest Rates and Easier Credit

Fico recently introduced big changes to the way the credit agency calculates scores. Consumer advocates had been petitioning the agency for some time to implement rule changes, specifically pertaining to medical bills. Medical costs are mostly out of a consumer’s control and consumers reported being unaware that the account even existed or believed it was paid by their insurance. What’s worse is that experts don’t believe that lack of payment on medical bills is any indication of a consumer’s likelihood to pay, which is supposed to be the score's intent. According to the Consumer Finance Production Bureau’s report “

Medical Debt and Credit Scores” released in May 2014, concluded that consumers with medical accounts in collection that had more paid than non-paid medical accounts were just as likely to pay a regular account as well as a consumer with a score that was 20 points higher.

Tuesday, August 5, 2014

Car Buying: New Versus Used Cars

New or used? It's the first decision a buyer makes when deciding to purchase a vehicle. Which one works best for you will depend on your financial situation and personal preference. Of course, if it were up to us, you would buy a reliable fantastically wonderful used car like one of these great used vehicles... BUT if people didn't buy new cars, and subsequently sell them we wouldn't have anything to sell! So, we decided to try to provide you with the most unbiased opinion on the pros and cons of buying new or used as possible for a used car dealership’s blog…

Thursday, July 31, 2014

Car Buying: 10 Biggest Mistakes Made By Auto Loan Customers

Consumers either desperate for transportation or excited about a new purchase often forget that a vehicle is a major purchase. For most consumers, a vehicle is the most expensive purchase they will make aside from their home. Most people wouldn’t rush out and buy a house without careful consideration and it should be the same way when purchasing a vehicle… especially when you’re financing.  Here are 10 of the most common mistakes borrowers make and how to avoid them.

Friday, July 25, 2014

7 Tips For Buying A Car With No Credit or Bad Credit

For consumers with good credit, car buying can be pleasant experience. They can shop
around to find what they like and have finance companies falling all over them to offer a competitive rate. For most consumers, this is not the reality. A majority of car buyers looking to finance vehicles have fair to poor credit and when you’re a buyer struggling with credit challenges, car shopping can be an exercise in futility. If you have bad credit, fair credit or no credit, car buying doesn't have to make you want to pull your hair out. By following a few simple steps, you can make the process less stressful and be on your way to repairing your credit and get back on the road.

Wednesday, July 16, 2014

What is a Sub-Prime Borrower?

According to Experian's State of the Automotive Finance Market Report for the first quarter of 2014, scores are divided into five categories of ranges. 740 and up puts your score in the "Super Prime" category. 730-680 is "Prime" and 679-620 is "Non-Prime".  That leaves all other consumers in the "Sub-Prime" category with 550 and under being described as "Deep Sub-Prime". According to their Open Loans by Risk report, over 21 percent of all open loans are below prime, with deep sub-prime lending being the highest growing category of open loans. The average credit score of an auto financing customer dropped 10 points from the first quarter of 2013 from 731 to 721. In summary, more lenders are willing to take chances with sub-prime borrowers as more and more consumers are falling into that category. According to Credit-Report-101, the national average FICO credit score as of 2014 in the US is 639, which would place the average national consumer in the "Non-Prime" category. 

Monday, July 14, 2014

How To Sell Your Vehicle and Get the Best Price

Selling your car can be stressful. Many consumers have no idea where to begin. It doesn't have to be difficult. Successful sellers know how to get the most money for a vehicle. Following a checklist can help make the process a whole lot easier and get you more money.
Check Values
Many consumers have no idea what their car is worth. Unless you're in the auto industry or a car aficionado, just figuring out the value of your vehicle can cause frustration. Relax! Use one of the million tools online to estimate the value of your vehicle. Kelly Blue Book’s “Sell My Car” tool is a great place to start. Enter your make model and mileage.
TIPBe honest about your vehicle’s condition. Your 1999 Focus Wagon with pink plush seats may be extremely valuable to you but as far as re-sale goes, not so much. One of the most difficult parts for “do it yourself” selling is that consumers place a much higher value on their personal belongings. The faster you can face reality and price your car appropriately, the faster your car can sell and you can move on to the next one. Over priced cars don’t sell. How competitively you price your vehicle will determine how fast it will sell and over-pricing could leave you stuck in the vehicle you no longer want.

Wednesday, July 9, 2014

Helpful Tips to Pay Off your Auto Loan Early

Nearly 70% of consumers purchase their vehicle with financing. Next to a mortgage or rent, auto installments make up the second largest portion of a person’s budget. When your car payment is such a significant part of your budget each month, paying off early can seem impossible but it doesn't have to be. Here are some (hopefully painless) ideas on how to pay off your loan early. We hear from customers all the time who get their loan with the intention of paying off early. By having a lower payment amount, customers have the flexibility to pay their loan down early but still have the ability to pay the lower amount when the extra cash is needed elsewhere. Here are a few ideas on how to pay off your loan early.

Saturday, July 5, 2014

Why Used Car World?

    Many consumers believe that all used car lots are the same. Hidden costs, pushy salesmen and big promises. At Used Car World we have upfront pricing, knowledgeable salesmen and a long history of obtaining financing for even the most difficult situations. We have been serving Pittsburgh and surrounding areas like McKeesport, Brentwood, Mount Lebanon, Monroeville, Baldwin, Penn Hills, West Mifflin and many more for 20 years. There is good reason we have been around so long. We can do what no one else can. Many of our customers have been turned down by other dealerships. What makes our dealership different is a combination of partnering with multiple lending companies and a sales staff that has been financing the “un-financeable” for a very long time. Partnering with multiple lending companies means we will find a company that will work with your situation. All lenders have different criteria for their programs. One lender may not accept bankruptcies, or self-employment income, while another will. Our salesmen have become experts over the years. They know which company will work with your situation. We also have the Buy Here Pay Here program. If your situation is especially difficult and does not qualify for our outside lending programs, we will finance you in-house! This way, everyone gets a car loan.

Friday, July 4, 2014

7 Ways to Avoid Auto Repossession

Everyone has experienced a financial difficulty at one time or another. Maybe you lost your job, had an unexpected medial issue or expensive repairs on your vehicle. Regardless of the situation, few people can say that they have never had a month where they had to choose between bills. If you have experienced financial difficulty and were forced to miss a car payment, it doesn’t have to mean that you lose your car. Contrary to popular belief, no one wins in repossession. Studies from agencies like American Financial Services Association and Experian Automotive have estimated an average $8,000 loss to dealerships per repossession. The loan customer loses their vehicle and the

Tuesday, July 1, 2014

How to Sell a vehicle that still has a Loan Balance

We get questions from customers all the time about selling or trading in their car. One of the most frequently asked questions about our Cash for Cars or trade-in programs is regarding customers that still owe money to another lender for their current vehicle. We will buy your car, even if you still owe on the loan and even if you’re not buying from us. Some of our customers are in tough financial spots and trying to sell their car for cash or purchase a vehicle at our dealership to get a more affordable payment and avoid defaulting on the loan. Here are some tips on how to sell or trade in your vehicle and help make the process fast and easy.

Get Your Payoff
The first step to selling any vehicle with a loan balance is to contact the lender and get the pay-off amount. Call your lender and request a 10-day payoff. This is the total amount that they will accept to close the loan. That amount is generally good for 10 days. See if your

Monday, June 30, 2014

What Kind of Car Can I Get with Bad Credit?

Plenty of good people have credit problems. Ending up without a vehicle and limited resources only compounds the problems. How can you get out of your financial situation if you can’t get to work? People can be left feeling completely helpless. At Used Car World, we work primarily with people in tough credit situations. Good people who just need a chance to get back on their feet. We get questions from customers all the time that have misconceptions about how bad credit programs work. Some have heard or dealt with dealerships that limit bad credit customers to specific vehicles, or believe that they may be forced into buying a car they don't want. That's just one of the many things that makes us different than other dealerships. We will do our absolute best to get you the car that you want, and we will make sure to get you a car you love and can afford.

What kind of car can I get?

Warranty Programs

Sunday, June 29, 2014

CAR BUYING - How important is mileage when buying a used car?

The “new normal” 200,000 miles…     
During the 60’s and 70’s the typical automobile in America reached the end of its life right around 100,000 miles. Buying a car with 100k on the odometer was the equivalent of testing your luck. Even though it seems that 100k has stuck with consumers as a maximum mile marker to buy a used car, experts say modern cars haven’t even reached the half-way point of their lifetime at 100k miles. In today’s market, cars can expect to see a lifetime of 250,000 miles or more. New car dealers have felt the “Catch-22” of building better automobiles over the past few decades. Makers have to build better automobiles to attract buyers, but building better automobiles also means consumers keep their cars longer. New car makers have always tried to figure out how to build better cars without making consumers less likely to upgrade later, and profits have been affected by consumers who are in no hurry to get out of a car that still runs well.

Saturday, June 28, 2014

Check Out Our New Program Pages

New pages for each program were just set up! See which one you qualify for!

Have income? You’re approved!

Bring in a pay stub or proof of income, and we'll get you a loan! We don't care about your crappy credit! Our down payments are as low as $500.00 plus tax and tags. We accept people with all kinds of credit problems including repossession, divorce and bankruptcy. 
We use a network of sub-prime lending companies to find you a loan that works with your situation. Apply online on our website, or check out our Special Financing page for more information!

No income? You’re approved!

We have financing programs for everyone including the Buy Here Pay Here program. If you are a special case customer that is unable to meet the verification requirements of our special financing, that's OK! We can still get you a loan.Our Buy Here Pay Here program accepts everyone, and no verification is necessary. Apply on our website or check out our Buy Here Pay Here page for more information!

We'll buy your car.. Even if you're not buying ours!

Need quick cash? Having down payment problems and need to use your trade? We'll buy your car and give you the most money for your vehicle. Our expert salesmen will give you a free appraisal on your vehicle and pay you in CASH today. Getting cash for your car is easy! Use our online instant appraisal tool. Want more information? Our Cash for Cars page has all the information you need!

Visit our site and apply for any of our financing or auto buying programs.

Tuesday, June 24, 2014

Rebuilding Your Credit With An Auto Loan

You may have been a victim of financial hardship. Bankruptcy, divorce, job loss and medical bills can take a toll on people’s credit rating. People who find themselves in need of credit repair often find that repairing their credit can be difficult when you are unable to get approved for loans or financing.  At our dealership we find that consumers are not only looking for a car loan.. they are looking for a second chance. Many consumers are unaware of the positive impact an installment loan, like a car loan can have on their credit rating.

How Can An Auto Loan Help My Credit?

Monthly Reporting

Lenders, like ours report to credit bureaus. Paying installment loans on time is one of the

Sunday, June 22, 2014


Craigslist is one of the most popular websites for buying cars… and why shouldn't it be? Instead of finding and pouring over a hundred local dealer sites, you can see what all of the dealers in your area are selling in one simple search. Unfortunately, with popularity comes abuse. Scammers have latched on to the site at record numbers. Craigslist has made huge changes to how dealers post to combat the scammers, but with any website that commands millions of visitors each month it attracts bad people trying to separate you from your hard earned money. Here are the most common scams and some tips on how to avoid them.

“I’ll send you a verified check or money order. You can even wait for it to clear!”

Friday, June 20, 2014

Will Shopping Around For A Car Loan Damage My Credit?

         We hear from customers buying a used car all the time that are worried about making credit inquiries at multiple dealerships while car shopping.  It’s especially worrisome for those with challenged credit because they are worried about damaging their credit any further, but are forced to shop around to find a company that will give them a loan. Like in most other financial situations, people with bad credit are left with few options. 

         First, it’s important to note that all credit checks are not the same. Checking your own credit does not affect your credit score at all. This common myth has been debunked countless times by credit experts. Any consumer that would like to keep track of their credit can and should pull their Equifax, Experian and Trans Union credit reports for free once a year at AnnualCreditReport.com.  While it is true that your credit score could possibly be affected by running multiple credit inquiries in a short period of time, the affect is minimal and temporary. FICO has released

Monday, June 16, 2014

Car Buying - I Have A Guaranteed Approval... What Should I Bring To TheDealership?

If you have recently applied online for an auto loan and received a preliminary approval, you may be wondering what happens next. We get tons of questions about what type of documentation to bring and how the process works. If you've purchased a vehicle before, then you have some general knowledge of the car buying process. If you paid cash for your car, you would have been processed fairly quickly and simply came to the dealership to pay for the vehicle and sign sale documentation. When you are getting any financing, especially bad credit financing you will be required to bring verification items like proof of income, residence, and other necessary items to close your car loan depending on your specific situation. 
Here is a breakdown of the items you will need to bring to ensure your loan will close and speed up processing so you can drive away in your new car..
You can bring utility or phone bills. Make sure that there is an address listed on the bill, and bring the most current bill you have.

Friday, June 13, 2014

SUB-PRIME BAD CREDIT AUTO LOANS - Twelve Most Frequently Asked Questions

Its a vicious cycle.... 

Lots of good people have ended up in financial hardship from job loss, illness or unexpected problems resulting in damaged credit. Once your credit is damaged, the only way to rebuild your credit is to get a loan and show that you can now pay. But how do you prove you can pay if no one will give you a chance? Guaranteed auto loans can be the answer for some consumers to rebuild their credit and get back on track.

Thursday, June 5, 2014

What Is Buy Here Pay Here?

Similar to bad credit financing or sub-prime lending, Buy Here Pay Here loans continue to be popular for those with extraordinary credit problems. To understand how Buy Here Pay Here works, you need to first understand how dealerships finance vehicles. Dealerships that normally work with bad credit or no credit customers will more than likely partner with outside “Special Financing” or sub-prime lending companies. Good dealerships partner with more than one financing company to offer additional options to customers in different types of situations. Some dealerships will also offer “Buy Here Pay Here” or “Rent to Own” programs for those customers that do not meet the requirements for Special Financing.