Car loans are a real possibility for people with bad credit and often a huge step in rebuilding one?s credit score. Before you apply for vehicle financing, check your credit report and shop with several lenders. Also, remember that you can refinance for better rates once your credit score has improved.
Polish Your Credit Score
Credit scores are one of the chief factors to qualify for financing. While foreclosures and bankruptcies take a couple of years to fully recover from, you can immediately improve your score.
Begin by looking at your credit report for errors. Resolve issues with your creditors and include a note of explanation in your credit record. Also, spread out any credit card debt so that no more than 30% of a credit line is used. Increasing yo View the rest of this article
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