Car Loan Credit Tips
Steps To Establish Good Credit
- Know your credit score! You can view your credit report for free from each of the three different credit reporting agencies every twelve months at www.annualcreditreport.com. Anything that should not be on your credit report should be reported to the credit agency immediately.
- Pay your bills on time and pay more than your minimum payment.
- Look at your debt to credit ratio – how much do you owe vs. how much banks and finance institutions are willing to lend you. If you focus on lowering your debt, you will increase your credit score. Even refinancing your current car loan can help your credit when the new lender pays off your current loan in full, even though you have a new loan, your credit report will show your old loan paid off on time in full.
- Do not purchase something on a credit card if you do not need to. Pay with cash. If you don’t have enough money to buy something ask yourself if you really NEED that purchase.
- Pay off your credit cards each month. Try to not carry any balance on your credit card.
Bad Credit Is Normal
Poor credit is normal! In recent studies 70% of Americans have some sort of blemish on their credit report. This should not stop you from securing an auto loan and purchasing the car you need. Our dealer partners specialize in bad credit auto loans and have many banks and lending institutions set up to help someone with a blemished credit report. In fact, if you choose to have a bad credit car loan, you can use it to your advantage and start to build a good credit history.
Our specialty at EZCarloan123 is bad credit car loans. We work with a network of dealerships across the United States that specialize in financing bad credit. Each dealership has access to several lenders to assist you getting the best deal possible.
3 Things You Can Do to Lower Your Price
- Negotiate on price of the vehicle, not the payment per month. Stick to the price of the vehicle and you will get a better deal. You can use our car loan calculator to determine the payment on a vehicle based on price.
- Do not tell the sales person you have a trade (even if you do!). Negotiate on the PRICE of the vehicle you want to buy first, after you finalize the price; bring your trade into the negotiation. You will get a better deal.
- Do not purchase the car on your first visit. Purchasing a car is an emotional decision and you don’t want to let your emotions get the best of you. Take your time. Usually you can get a better price on the vehicle if you go back to the dealership the next day.
How Do We Do It?
A question we often get is, “How do you get me approved even with bad credit?”.
- Our online form collects the necessary information to allow dealerships and lenders to work with you directly and get you approved as quickly as possible.
- We have qualified dealerships that are ready to work with you.
- The dealers have lender programs that specialize in working with applicants with bad credit.
Our question to you is, what do you have to lose? Apply Now!
Testimonials
"I did not know my credit score but knew I had missed a few payments and knew I might have bad credit. EZCarLoan123 was able to put me in touch with a local dealer who specialized in financing bad credit. I had a very pleasant buying experience and I found the exact car that fit my needs. Thank you!"
Sally, WA
"Very pleasant buying experience"
"Thank you so much EZCarLoan123, Your customer service was incredible, I applied for a loan at night time and was in my new car the next day!"
Tom, PA
"Applied for a loan at night time and was in my new car the next day!"
"EZCarLoan123 was easily the fastest and best car buying experience I have ever had, and I'm 82 years old!"
Harold, OK
