How Do You Buy A Car With Less Than Perfect Credit?
A number of financing options exist for those in need of a new or used car provided you have good credit. Experian, one of three consumer credit reporting bureaus, says most credit scores fall between 600 and 750, with a lower score reflecting less than ideal credit. However, there are creditors willing to finance your car purchase under strict terms if your credit is not perfect. Assuming you cannot put off buying until your credit improves, carefully explore options for the loan that is right for you. Determine your credit score. Lenders will obtain your credit score when you seek financing, but you should have that information on hand before applying for a loan. Visit AnnualCreditReport.com to obtain free copies of your three credit reports, and pay the small fee to obtain one of your credit scores. Check your credit reports for potential inaccuracies, correcting mistakes with each bureau. If your credit score is within Experian’s “good” range, you may get credit without a problem.
