subject: A Bad Credit History Doesnt Mean You Cant Get A Car On Credit [print this page] Having bad credit history can be incredibly inconvenient as it can stop you from financing products you need. You will often find that companies will turn you away without a second glance if you have a bad credit rating, but if you look in the right places you will be able to find those that accept people with lower credit scores.
There are a number of reasons why your credit rating may be low, and sometimes they are not your fault. Not meeting your credit payments on time can cause bad credit, although not building up your credit can also have this effect. If you are quite young and have never had a credit card, store card or a mortgage before, you will find that your credit rating is simply non-existent, meaning that companies will have no way of judging whether or not you are trustworthy.
If you have never had to complete any payments on credit before you should make sure that you understand all of the rules before you sign an important contract, such as that for a new car. Dont be afraid to ask the company any questions, as they too will want you to be certain of the rules to avoid complications.
Dont be put off by your low credit score, there are companies out there that accept applications from people with low credit ratings, so if you are looking to finance a car for example, it may be worth considering buying a second hand vehicle on finance as the repayments will be lower than if you buy a brand new car.
You can apply for car finance online nowadays, and the application process can take just a few minutes to complete. Applying for car credit is a lot easier than you might think as well, and you will be able to find out quite quickly whether your application has been successful. You will have to wait for the company to get back to you, but if you have been successful you can go down to the dealership right away.
To find out more about buying a car on finance, just go online now and search for car finance companies. You can look at the range of cars they have and, if your application is successful, you could drive away with your new car on the very same day.
