CREDIT CHALLENGED?

 

Did you know that 80% percent of all Americans have at least one blemish on their credit report? Statistics also show that one third of all consumers have credit scores so bad that they may have difficulty getting a car loan. Credit experts agree that demonstrating responsibility by buying a car on credit, and making regular payments is a good way to help improve a poor credit score.

 

ABOUT CREDIT BUREAUS

 A credit bureau is a company that provides credit information on individual borrowers. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate applied to loans. Interest rates are not the same for everyone, but instead are based on a borrower’s credit rating. Most credit history information is collected and kept by the three national credit bureaus: Experian, Equifax, and TransUnion.

 

ABOUT CREDIT SCORES

 Credit bureaus sum up your credit history into a single three-digit number, ranging from 300 to 850, known as your credit score. Typically, scores over 750 are excellent, while those below 620 are considered risky. Each major credit bureau has its own metrics for calculating your credit score so scores may vary slightly from bureau to bureau.

 
The information used to calculate your credit score is based on the following factors:

· How well you make payments on credit cards, loans or to other lenders

· How much you owe to lenders

· How long you have had a credit history

· How many new credit accounts you've opened or applied for

· What types of credit you have

· If you have declared bankruptcy within the last six years

 

HOW WE CAN HELP

 At Appel Dodge Chrysler Jeep, we help you get the best loan that meets your individual budget and circumstances. We employ a staff of financial professionals dedicated to working with credit challenged customers to get the loans they need to rebuild their credit. Even if you have been declined financing elsewhere, our team has special relationships with lending partners in the community that specialize in lending to our customers with less-than perfect credit.

 

HOW TO START

Simply click on this CREDIT APPLICATION BUTTON and submit it to our professional team of finance experts. Once received, we will begin working immediately to get you any and all information you need to help purchase a new or pre-owned vehicle.