Credit Repair Auto Loans’ goal is to help you get into a car as quickly and as painlessly as possible. In order to help you secure your loan, we have written a brief explanation of some key factors to understand what to consider when looking for a car.
Firstly, over the past 10 years, the lending industry has become very formula driven. Things, for the most part, come down to a single number, your FICO score. The lenders in the our network look at more than just your FICO scores. Our highly specialized lenders look at your income, how long you have worked at your job and/or how long you have lived in the same place. We will want to emphasize any points of stability in your life so the lender understands that you will be reliable when it comes to paying them back.
Additionally, you will need to look into auto insurance. The lender will need to make sure that you have already factored in the cost of insurance when talking about a payment. Show the lender you are on top of things by coming to them with a quote for the insurance on the type of car you are looking to buy. When it comes to getting your new car, being proactive helps ensure a smooth and successful car buying experience.
Thanks for taking the time to read our Finance tips.