It is true for many people that they have no credit because they have a history of paying for cash or simply have not yet needed to take out a loan.
However, it is important to develop a credit history so that people can qualify for low interest rates and high loan amounts. For example, if you ever want to get a home mortgage loan, you'll need to have good credit to get a good rate.
Some people start by opening small accounts, such as credit card accounts even if they don't use those credit cards. Taking out a small car loan is also an excellent way to begin to build a credit history that will help you to get a lower interest rate down the road.
Two Minute Application
Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.
Choose Your Vehicle
Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!
Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.
Stay positive It's important to keep a positive credit score by making wise financial decisions whenever possible. This means that you'll need to repay your loans if you take them out. You should minimize debt in order to improve your credit score if it is bad. There are other tricks and tips that we are happy to share with you that will help you to get a better credit score and get a better loan. Contact us today for details or more information.
Sometimes finding a way to purchase a new or used car is vital. Although you might wish that you had the time to rebuild or improve your credit, the necessity of having a car to get to work and to fulfill your daily responsibilities calls for a vehicle.
What can you do? Without good credit, it can be very difficult to get the financing that you need to purchase a new car. However, bad credit car loans are available.
Come in to visit us at Loan Doctor. We often have rebates, special financing, and other tools available that allow us to offer you credit, in spite of a poor credit history. We understand that many situations in life can lead to credit difficulties. We can often help you get into a car when other dealerships have turned you down.