There are a number of calculations that we use at the Loan Doctor to help customers purchase a used car. Many who may be searching for bad credit car loans in White City may be surprised that they will qualify for a loan directly through our dealership.
By knowing how your credit scores are calculated, many car shoppers can improve their credit before they even step foot onto our lot. Improved credit typically results in lower finance charges and a shorter length of payment on the car loan.
One great way to improve your credit rating prior to shopping for a used car is by paying off a percentage of any credit cards that you have. If your credit cards are at or near the maximum limit, then your credit score falls. This does not mean that you have to completely pay off all credit cards before looking for a used car, even a small amount on each card can make a big difference in your credit score.
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.
It is a good idea for future car shoppers to get a free copy of their current credit report as well. Everyone who has credit is entitled to get one free report per year. By looking at this report, some people find that there are late payments listed when, in actuality, they have not made any late payments.
This type of error can decrease a credit rating substantially. It may be possible to have late payments removed from your credit rating by calling the specific lenders. This is yet another way that your credit rating can be easily improved before shopping for a used car.
There are some individuals that may have tried their best to improve their credit scores and have been unsuccessful. At the Loan Doctor, we work with all types of credit ratings. Those who have poor credit ratings often think that they will not qualify for any type of car loan, which could not be further from the truth.
Our representatives will not only find a loan that will be accepted, they will also help to instruct each individual about how this car loan can actually be a tool to boost credit scores. Whether your credit rating is good or not so good you can fill out our secure online credit appliction and we will be happy to tell you about how we can help you into a used car.