Car Salesman Helps People With Bad Credit

Car Salesman Helps People With Bad Credit

by Joseph Washington

I work in the car business and had a season selling homes as well. No one knows the value of credit scores more than I--because my income as a salesman depends on (1) whether or not my customers can get financing, and (2) whether or not the rate they earn will get them to the payment they want.

Go to any car dealer, whether they are located on a humble corner lot, or whether they have tens of millions of dollars in new vehicle inventory, and they all rely on the same thing to get their vehiclessold and rolled.a lender. The car dealerships rely on lenders, and lenders look at credit applications and credit scores: period.

What You Want From a Lender What you want is a lender, besides a good rate, is knowing that they report to the credit bureaus. This helps you build credit as you make your payments on time and eventually pay your vehicle off. A great number of small, corner-lot used car lots loan their own money and do not report to the credit bureaus--unless you default. Stay away from these companies. They do not help you if they do not report!

What The Lender Wants From You Lenders care about one thing and one thing only risk. If you have paid off a car or two, have made all your payments and demonstrated the financial ability to make sufficient income to cover your obligations, guess what, your risk is low and your interest rate is too. If, on the other hand, you have repossessions, voluntary or not, slow pays, unstable job and residence history, your risk is high, and so is your rate. It is then extremely important that you know how to present your credit history in a way that gives you your best chance to get the vehicle you would like.

On any given time our homes are not in the shape we want them to be. You could have had a busy day, or days. You might be sick, or have been unable to stay one step ahead of the kids in keeping your house from looking like you want it to look. You might have a kid like mine, whose bedroom floor is so cluttered with clothes that you cannot tell the color of the rug! But if you know that company is coming, what do you do? You pick up everything so that your home leaves the impression that you want to give. This is how your credit works. You might have had medical bills, student loans, or the occasional hick-up when times were more challenging and your credit history looks like my kid's bedroom. Problem is, the credit folks come to your financial door and just come in, seeing everything without the benefit of you being able to clean things up. You're embarrassed to have to explain what the ex did to your credit, or what happened when you were laid off from the job you had and everything just lays out there for all to see and to be embarrassed by.

What if you had the ability topick up your credit, just like you were able to pick your house up before guests arrived? You can! I have personally experienced the credithouse cleaning that sent my credit score up over two hundred points and got me the car deal I would have missed had I not cleaned up the mess. It takes a little effort, but it's not hard, not hard at all! Need Help with your Credit? See What Terry Price has to say about C.S.B., Visit: http://www.beacon850.com