Want to know about car loans, bad credit car loans? Stay tune for our series of videos.  We will have pdf to go with the videos for a quick reference or you can print it out and take more notes.

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Who we are - Car Credit Facts

You can get a car loan if you have good credit, bad credit and no credit.  We have an online easy application to get you going.  There is no obligation.  There are 100's of dealers in this network as well as lenders.  These dealers and lenders also deal with bad credit.  If you have been turned down you may not have been dealing with a car dealer or a lender who specializes in bad credit car loans.

FICO Score

there are levels of FICO scores that lenders and insurance group people into.  It depends where you fal in this scale that will determine the interest rate you will pay or the insurance premiums you pay.

Bad Credit         300 - 619

Fair Credit         620 - 699

Good Credit      700 - 759

Excellent Credit 760 - 850

Interest Rates

Interest rates and what is the % you will be paying you want an APR and find a loan calculator to figure out how much you will have to pay back in interest (anoher video)

Length of payment - Know how long you pay on that loan is it 3 year, 5 years you do not want discover down the rad that you will be paying on that nice 1972 dodge dart for 7 years.

Payment amount - what is the total amount that you will be paying back.  If you budget $12,000.00 for a vehicle paying $17,000.00 could set you back.

Early payment penalties - just make sure there are no early payment pentalties for paying off the loan early.  You may want to upgrade that 1972 dodge dart to a nice Porchse Cynan when you have the finances.

No all the other fees associated with that loan and car purchase.

Payment and FICO score

Know the total amount you can afford - if you want to allocate $12,000.00 for a vehicle then make sure all the numbers add up to $12,000.00 and not say $17,000.00

Know the monthly payments you can handle.  You may only want to pay for 3 years but perhaps you go to $13,000.00 and it is still within your budget you are just going to put your bundgy jumping trip t New Zealand on hold for a bit to pay for the car. You may need to go to a longer term say 4 years to keep the payments in the range you can afford.

FICO score.  know you FICO score before you go to the dealer or apply for a car loan.  Knowledge is power.  We will be talking at length about FICO score, credit and how to improve your credit and maintain good credit

FICO score affects your interest rates

Interest rates affect your payment

Check list for buying a used car.  What you should look over on the used car you want to purchase.