There are some slight differences between no credit, bad credit, and poor credit. A person with no credit is typically starting out in life, and simply hasn’t had anything put in their name. Bad credit usually includes some type of serious life or credit event, such as bankruptcy, foreclosure, or repossession. Simply having poor credit can be detrimental as well, with the inclusion of unpaid credit cards, late payments, and over extensions. One might be able to secure auto loans with poor credit in St. Charles, at the cost of an impossible interest rate and unaffordable monthly payments.

Here at 5 Star Auto Plaza, we want to see our clients get back on track. We can offer better financing rates and loans to those with poor credit, as we want to see everyone happy with their vehicle and their loan.

We are better able to control our financing because we are a Buy Here Pay Here dealership. Unlike other car dealers that depend on large conglomerate financial institutions for their decision-making, we make all of our decisions in-house.  Instead of merely looking at a credit score and issuing a denial, or charging unreasonably high interest rates, we actually sit down with our clients to figure out the best plan of action. Our credit application is simple to fill out, and results are guaranteed in less than five minutes.

Having a trade-in vehicle also helps decrease the required down payment or monthly payments. We do offer top dollar on any vehicle traded in.

We encourage all potential buyers to stop by for an estimate on their trade-in, or to speak with an experienced staff member by giving us a call at (636)940-7600. Here at 5 Star Auto Plaza we don’t want auto loans with poor credit in St. Charles to be an issue. We want to build our clients for life.