Bad Credit Car Loans
If you're looking for a car loan or lease but feeling reluctant due to bad credit or no credit, there is nothing to worry about as Eskridge Chevrolet Finance Center is on your team. Serving Guthrie, OK and the surrounding areas - including Edmond, Stillwater, and Oklahoma City - Eskridge Chevrolet offers bad credit car loans with flexible terms, for our customers with bad credit or no credit. Our team of financial experts will review your credit history and will go through all the factors that cause decline in your credit ratings.
Visit Eskridge Chevrolet today and have a cup of coffee with our financial experts. Our finance center team will never discourage you for your credit history. We offer financing plans that will be in accordance with your budget and purchasing powers. Learn more today!
Having bad credit can be a stressful obstacle when applying for a car loan, but it doesn't have to be a deal-breaker. There are ways to raise your credit score and improve your overall financial situation. The Finance Center at Eskridge Chevrolet is here to help you find a solution to have the car of your dreams. Here are some ways the Finance Center can help you find the right financing plan to improve your credit and find the right car for you.
Investigate Your Credit Score
Finding out your credit score can be the first step to determining your financing options. Your credit score may not be as bad as you think, and you may not need additional assistance to finance a car. This is where the Finance Center comes in. We offer car loans with flexible terms to service all of our clients. Depending on your credit history, you may be able to qualify for a loan with a low-interest rate and a flexible payment term in which to repay your loan.
Your credit score includes various statistics surrounding your previous interactions with debt and is organized by percentage. Your payment history makes up 35% of your credit score. The amount of money you currently owe makes up 30% of your credit score, and the length of your credit history, meaning how long you have had a line of credit like a loan or a credit card, makes up another 15%. How diverse your different lines of credit are and how recently you've interacted with your credit lines both makeup 10% of your credit score.
Any credit score under 600 can be considered low, and you may be eligible for a bad credit loan. Once a year, you can find out your credit score by requesting it from a free credit reporting agency, like Equifax, Experian, or TransUnion. If you have already requested a free credit report this year, you may need to pay a fee to access your recent credit score. Additionally, the Finance Center can help you reach out to potential credit agencies to learn more about your credit score and your score's factors.
Find the Reason for Your Bad Credit
There can be a few different reasons why someone has a bad credit score. At the Finance Center, we understand that circumstances can affect someone's credit. That's why we don't discourage someone from pursuing their dream of owning a car because of their previous credit history. However, understanding how previous circumstances impacted your credit score may help us determine how best to help you finance a new vehicle purchase. It can also help you avoid future actions that may negatively affect your credit score.
Your credit score may decline if you've previously had a hard time making timely payments on a line of credit. A line of credit is when a bank or organization extends a loan or credit to you based on the assumption that you can pay them back. This can be a loan, a credit card or a service rendered before payment. If you've gone through bankruptcy, had a collection agency reach out to you to collect on a past due payment or debt, or if the bank has foreclosed on your house, it may have impacted your credit score.
Learn About Bad Credit Loans
A bad credit loan is a category of personal loans for people who have credit scores under 600. Sometimes, a low credit score can be a barrier to a traditional loan, but bad credit loans can be issued if necessary to finance necessities. They work the same as a traditional loan, where the recipient borrows money from a lending agency and pays it back in a pre-determined time. The recipient is also responsible for paying interest on the loan amount. These payments are in fixed monthly installments.
Bad credit loans may have additional regulations like long waits for approval, higher interest rates, or additional penalties for a defaulted payment. These types of regulations are in place to protect the lender. Some of these regulations may not impact your payments as long as you meet each monthly installment. Additionally, these regulations allow these lenders to provide loans under flexible circumstances.
Find the Right Finance Plan For You
Financial documents can be overwhelming, so our representatives at the Finance Center will be there to help you every step of the way. They can help you understand the financial jargon on the loan documents to make sure you know what's expected of you so you can be sure to meet all your payment deadlines. Understanding your credit score can help you and our Finance Center determine what plan is best for you.
You can make an appointment with our financial experts to go over your credit history and documentation to learn more about what options are available. Our staff is friendly, helpful, and knowledgeable about less than perfect credit loans. You can rely on us to help you discover how to finance your car, regardless of your history.
Various agencies can offer bad credit loans. Your representative at the Finance Center can help you compare important statistics from each potential lender to determine which loan is best for your situation. You can compare interest rates to ensure you're getting the best rate for your loan. You can also compare monthly installment payments to ensure that you can consistently meet your payments until you pay off your loan.
At Eskridge Chevrolet, we are proud to help our customers reach their dream of finding a car they love and driving it home. We can help you investigate your financial options, compare potential bad credit loans, and select the right financing package for your situation. We can also help you work through the paperwork, fill out the correct information and file for your loan accurately. Contact us to learn more about our Finance Center, or come by the dealership to see what we can do for you.
How to Buy a Car with Bad Credit Near Oklahoma City, Ok?
Eskridge Chevrolet is available for your assistance near Oklahoma City, OK if you are looking for an auto financing plan with bad credit. The negative credit score can be due to certain reasons such as:
- Deferred payments
- Terminated lease or loans
Just visit Eskridge Chevrolet Finance Center near Oklahoma City, OK where we will analyze your credit history and will guide you about how you can get a car loan with lowest APRs, down-payment and most flexible terms.
Eskridge Chevrolet Finance Center Near Oklahoma City, Ok
Approach Eskridge Chevrolet Finance Center near Oklahoma City, OK and apply for bad credit financing today. You can also use our online credit estimator for the calculation of your credit score if you are not sure about it. With our online finance application, even with a negative or zero credit score holder can pre-qualify for an auto loan or lease.
At Eskridge Chevrolet Finance Center in Oklahoma City, OK our team of highly professional financial experts is available for your assistance about:
- Guiding you about all possible and suitable financing plans
- Formal procedures and documentation
- Step by Step guidance about online financing forms
- Payment and credit score calculation
- Minimum and maximum financing amounts that you are entitled to borrow
Why Buy from Eskridge Chevrolet Near Oklahoma City, OK?
Situated at Eskridge Chevy 5307 South Division Guthrie, OK 73044. Eskrdige Chevrolet has the Finance Center from where customers can easily get Bad Credit Car Loans in flexible terms. Our team of highly professional financial experts is dedicated in meeting your high expectations and fulfilling your auto financing needs.
Want to know further about Bad Credit Car Loans near Oklahoma City, OK? Visit us today or apply for auto financing online for a pre-qualified loan or lease. As you will discover various dealerships offering auto financing around Oklahoma City, OK, you will realize that interest rates, APRs as well as terms and conditions of Eskridge Chevrolet are the most considerable. So, rush to Eskridge Chevrolet Finance Center in Oklahoma City, OK for bad credit financing for your favorite new or pre-owned vehicles.