Bad Credit Auto Loans in St. Peters

March 10, 2016  

If you have a less than favorable credit score you may have wondered exactly how you ended up in this situation. It may be that you were not even aware that your credit was poor until you sought financing for a home or vehicle. Know that it is possible to secure bad credit auto loans in St. Peters.

Bad Credit Auto Loans in St. Peters

It may be difficult to believe, but bad credit does happen to good people. Your payment history is from 30-40% of your total credit score. Even when you have been faithful and diligent in paying all of your bills on time, your credit can have marks against it.

A high debt to limit ratio or utilization rate is a primary cause of a lower credit score. This means that your cumulative balances of credit cards, loan payments and other debts you have is excessive. Your credit cards may be close to the limits set by the card company and you may be only making minimum payments. This shows potential lenders that you are at a higher risk of defaulting on your debts than someone with more credit available on a card. However, there are auto loans with high risk credit for people in your situation.

The length of your credit history is also a factor that a lender considers. The longer the period of time that you have established credit, the better.

For affordable bad credit auto loans in St. Peters, call 5 Star Auto Plaza at (636)940-7600. Our experienced sales team is standing by.

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • Chesterfield Used Cars

    Review Your DealerI made an appointment at 5 Star Auto Plaza. They showed me the car and gave me a test drive. They were  very friendly, courteous, and didn’t try to hard sell me. The car sold itself, yet they made the experience easy. Read More
  • St. Louis Used Cars

    Review Your DealerI found the gentlemen  I dealt with at 5 Start Auto Plaza quite respectful and seemed to really have my best interest at heart . My salesman really worked with me on picking out the perfect car for me. I appreciated the personalized approach he offered. Read More
  • O’Fallon Used Cars

    Review Your DealerDidn’t have to go through a big deal on getting a deal. I told them what I thought the car was worth and they worked with me to get me there. Read More
  • St. Peters Used Cars

    Review Your DealerI  wanted a new car for myself so I started checking out some cars online. I found a Lexus LS430 and decided it was the perfect car for me, I just needed to find the right priced one. I found one at 5 Star Auto Plaza, they worked within my budget and I got the car [...] Read More
  • St. Louis Used Cars

    Review Your DealerThey gave me a great price on my trade in and the overall price was very fair according to blue book. I am more than pleased with how the service was here. Read More
  • St. Charles Used Cars

    Review Your DealerFriendly faces and attitudes made all the difference for me from past experiences. They even detailed my suv upon delivery. Great experience. Read More
  • St Charles Used Cars

    Review Your DealerLast summer I purchased a F150  from these guys.  After looking at several local dealerships, I found 5 Star Auto Plaza had the best prices, they had honest sales people and a great selection.  My truck is a great, it runs perfectly and it we absolutely love it!   Read More
  • St. Louis Used Cars

    Review Your DealerRecently after filing for a bankruptcy, our SUV broke down so we need a new family car.  We were really concerned after being turned down by another local auto dealer and our bank for a car loan due to our lack of credit after the bankruptcy.  We were truly elated to find 5 Star Auto [...] Read More
  • St Charles Auto Dealership

    Review Your DealerExcellent, top notch service! We were treated with respect and they listened to our needs 100%- Will be back Read More
  • St Charles Trucks For Sale

    Review Your DealerI am glad I chose 5star Auto Plaza for my vehicle purchase. Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

    Read More
    Consumer Satisfaction Reward
    Powered by Top Marketing Agency     |     Sitemap | Privacy Policy