A Bad Car Credit Rating

In order for many of us to bring home a salary

, we need to get back and forth from work with our cars. They are certainly a very big tool which we use daily. We should make timely payments but, what happens when you choose just to let the payments go? Can you live with the fact that you have bad car credit?

When it came time for you to get your initial loan for the vehicle, you made all kinds of promises. You signed papers stating that you would get good insurance and make sure to send in the bills before the due date. So, what has happened now? Why have you stopped paying your car note?

Bad credit is becoming more and more prevalent in this generation. Unfortunately, a lot of it is because people are losing their wages or jobs due to downsizing and the breakdown of many businesses. But, when you take advantage of a company that has helped you with getting a car loan, you do not take accountability for what you do.

The option to use credit is definitely a reward for keeping the bills paid. Credit had its beginnings so that people with money, could loan their money to those who did not have money, and that in a certain period of time, that money was paid back with a little extra. This is how it works, plain and simple.

When you refuse to make your payments simply because you have to buy cigarettes, or beer, this is not considered an emergency situation. This is just your way of not taking responsibility for your actions and taking advantage of the situation. This makes it harder for others who may need loans to get a means of transportation or a place to live. Your actions are selfish and self serving.

We can all run into difficult times but, this is no reason to run from them. If you can not make some payments, ask your lending office to give you an extension. Tell them what has befallen you and see what kind of deal they will work out with you. Do not fail to get in touch with them and make them some kind of offer. That car is theirs until you have given them the total amount you agreed upon.

by: Ben Sparks

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