Car loans with bad credit in Marcus Hook – it’s our area of expertise. We believe that way too many people have been turned down for auto financing, regardless of their FICO scores.
Benefits We Offer
- Cutting-Edge Data-Matching Platform
- Vast Network of Dealers
- In-Depth Client Education
Marcus Hook Dealerships That Work with Bad Credit
Don’t let credit stop you from buying your next car. We have access to dealerships all across Pennsylvania that won’t deny you an auto loan, simply because your credit isn’t perfect. In comparison with a BHPH car lot, such dealers are able to offer better loans. You may not have the credit and income to finance just any car in the showroom. Here we have an example based on an income of $2,172 per month, the average in Marcus Hook:
- Excellent Credit: $21,720 (Income x 10)
- Fair Credit: $19,548 (Income x 9)
- Subprime Credit: $17,376 (Income x 8)
- Bad Credit: $15,204 (Income x 7)
- Really Bad Credit: $13,032 (Income x 6)
These amounts are by no means set in stone. You might not have the ability to borrow this much, depending on such factors as your existing debt, mortgage or rent payment, and the type of income you have. Apply online to see how much you can borrow.
No Money Down Auto Loans in Marcus Hook
A down payment, as you know, is the amount owed in advance, often in cash, on the day you sign for any financed vehicle. A down payment lowers your LTV (loan-to-value) ratio–the amount borrowed relative to the vehicle’s book value. This results in:
- Lower APR.
- Less total interest owed.
- Less of an issue with being upside down.
No down payment car and truck loans aren’t a fantasy, but it’s more common to trade in their used car or truck to fulfill the lender’s down payment standards.
Tote The Note Dealerships in Marcus Hook, PA
Known as buy here pay here, tote the note, or your job is your credit car lots, these businesses generally have a few chief features. They…
- Finance auto loans on-site.
- Don’t require credit checks.
- Want you to make payments every week, often at the lot.
Countless men and women with really bad credit assume that an in house financing car lot is the only establishment that will accept their credit, despite the fact that the cost of your car or truck will be higher due to ridiculous interest charges, and chances are your credit score will not improve as you pay down the loan. This is because these car lots don’t work with the credit agencies.
Can Financing Strengthen Your Credit Rating?
If you pay off the loan as agreed, a vehicle loan can in fact increase your FICO score. But keep in mind, these benefits aren’t instant. You must pay back the loan as scheduled, making every month’s payment by its due date. On the other hand, you can further damage your credit if you go delinquent on your payments. In order to be sure you don’t miss a payment, consider options like automated payments.