Regardless of whether you have poor credit, buying from a dealership that specializes in financing customers with bad credit will help get you in the car you deserve. These dealerships work with banks and lenders that many traditional dealerships do not. By simply making payments on time, you can start to rebuild your credit in as a little as a few months. But how can making payments on time help?
Making payments on time can improve your overall credit score by:
- showing you are reliable and less likely to default on payments
- increasing your chances of qualifying for better loans with lower rates down the road
- ultimately relieving unnecessary financial stress.
Afraid you’ll miss a payment? Take the time to set up a payment plan you can easily follow. There are many payment options to choose from like mailing a check, paying over the phone or online with your card, or setting up automatic withdrawal from your checking or savings account. Whatever option helps you make payments on time will help improve your credit.
A tip to remember is that you want to pay the debt off. Moving debt around without making payments does nothing to improve your credit and still leaves you in debt. Making your goal to pay the debt off will instill the need to make payments in a timely manner.
Overall, financing your car is an easy way to rebuild your credit. It’s also a great way to start if you don’t have credit! However, it’s important to remember that the reason for purchasing a vehicle is because you have a need for it. Buying and paying for a car you don’t need is a waste of your time and money.
If you’re searching for a car but suffering from a bad credit situation, buying on credit and making payments on time will ensure you get the car you want while improving your credit score.
At Guess Motors, our team is dedicated to giving you a fresh start and getting you in the car that you deserve. We have Guaranteed Credit Approvals! If you make at least $800 per month and can afford monthly payments, give us a call! We have an approval for you! If the terms and conditions of the approval meet your needs, you could drive away today. Helping you choose a financing plan for your car is part of how we can flip your car buying experience upside-down!
Interested in finding out which financing option is best for you? Learn more here: