Credit Score Impact

The scary truth about how your credit score affects your car loan. Make sure you keep your credit clean.

Your credit score probably has more of an affect on your life than you think. A bad credit score can cause you to pay much higher auto loan interest rates and cause you to pay higher auto insurance premiums. Many people are unaware that insurance companies check your credit before selling you insurance.

There are still loans for those with bad credit!

The internet is a wonderful thing! It's now much easier for people with poor credit ratings or credit scores to obtain a loan. Shop around - you'll be surprised.

Usually, a credit union will have more strict guidelines if you have bad credit. It's also worth shopping around locally to see if local banks have loan programs for those with poor credit. More loan programs may be available if you have a more reasonable loan to value ratio.

It's always wise to compare at least three loans before deciding.