Approximately 25 percent of all consumers in the US have scores below 620, and it can cause problems when considering car financing in San Antonio TX. Whether you’ve gone through bankruptcy, didn’t pay bills on time or got in over your head with plastic money, you’ve now got bad credit and still need a vehicle. While it can seem impossible to find, you can still find loan options, as long as you have a steady income, though it will also depend on how long you’ve been at your job and the debt amounts you currently have.
The Number
The score you have is dependent upon a lot of things, but usually, if you have at least 550 or better, you can find some car financing options available. If you’ve got lower scores or no scores at all, it can be tougher to find, but still not impossible. Instead of focusing on your number, look at your reports from the three primary bureaus and determine what is causing the lower scores. This way, you can work to improve them over time, which can financially benefit you when seeking future loans.
Don’t Get Ripped Off
Just because you have bad credit in San Antonio TX, doesn’t mean you have to get ripped off when seeking a loan. However, it is easier for this to happen, so you need to do research on your options, apply for multiple loans and get preapproved (if possible) within a 14 to 45-day time frame, and compare quotes to find the best solution for you and your needs. Then, you can visit a dealership and start looking for cars in your price range.
San Antonio TX car financing with bad credit just means you have to be more careful when searching. Contact The KEY now to learn more.
