Less-than-perfect credit can make it difficult to get approved for financing, but we’ve improved the process like no other company. It’s imperative to work with a lender who really does want to fund your loan. We have spent years establishing a wide-ranging network of lenders and dealers who can and will approve your application, even if your credit is sub-prime. Your vehicle finance professional will allow you to:
- Check APR’s.
- Decide on your lender.
- Buy your new or pre-owned car or truck.
Go here to submit your loan application and discuss your options with a expert.
Compton Car Dealers That Finance Bad Credit
Most traditional lenders like banks don’t work with individuals with low credit scores. Fortunately, there are dealerships and finance companies that cater to credit-challenged individuals. Since this is a high-risk loan, you can expect elevated interest rates and higher down payments, as well as smaller loans. Having said that, they will get you approved through lenders that supply information to the credit agencies, which is a requirement if you wish to strengthen your credit score. There are many of these dealers in our network, and they want to get you the car you deserve. Just go here to submit your application.
Documentation That’s Required
When you go to buy your car, you’ll be required to furnish certain documentation. At the very least, you will need the following documents to complete your loan:
- Personal Identification
- Proof of Employment
- Proof of Insurance coverage
- Proof of Residence
- List of Your Personal References
When you talk with your dedicated lending expert, they will tell you what documents to bring.
Buy Here Pay Here Car Lots in Compton, CA
Buy here pay here car dealers typically finance people who have truly serious credit problems like repossession and bankruptcy. They might not require credit checks, meaning your credit problems shouldn’t be a hindrance to approval, but chances are high you’ll be charged excessively by the time the dust settles.
Sadly, you should be prepared for excessive loan rates, massive down payments, and vehicles that are too expensive for the number of miles they have. There is a good reason why these car dealers have a bad track record. We can place you in the hands of dealer finance specialist who will work with you, even if you’ve been through bankruptcy.
Credit-Building for Compton Residents
In addition to providing you with the funds you’ll need, an auto loan has the ability to help you rebuild your credit. When you make payments month after month, you prove to creditors that they’re likely to have the funds they lend you repaid as agreed.
Your score is not going to go up the instant you pay the balance of your loan. Rather, it will increase slowly but surely as you keep making payments month after month. It’s easy to ignore the advantages of an increased credit score. The incentives are tremendous, and you just need to pay your lender on time each and every month.