Bad Credit Isn’t the End of the World! Come Check Out Your Auto Loan Options!
June 21, 2022
Some creditors will have you believe that bad credit is the worst thing that could happen to you. It’s not. Bad credit is sometimes a fact of life. And while you should strive to bolster your credit score for the future of your investments, you shouldn’t stress yourself out with worry over the standing of your score. As a St. Charles driver, you have options for bad credit auto loans with 5 Star Auto Plaza, courtesy of some of our best lenders. They will gauge your current score, then come up with a plan to give you a boost while you make monthly payments for a car you love.
You may not get your dream car with a bad credit auto loan, but you will get reliability, comfort, and efficiency. We draw from many factors to make an auto loan happen for you. Let us know what you can pay monthly, as well as the length of time you’d like to commit to an auto loan. 5 Star Auto Plaza lenders report to major credit bureaus, so you can significantly increase your credit score in 6 months to a year. It’s a fun exercise in independence and adult responsibility to watch your credit score flourish!
Does a Bad Credit Score Mean a Higher Monthly Payment on a Car Loan?
Typically, yes, a bad credit score will mean a slightly higher monthly payment on a car loan. You have to prove yourself reliable and responsible in the eyes of the auto lender. However, after a few months of on-time payments, the monthly bill will decrease because you’ve proven to an auto lender that you can handle the responsibilities of an auto loan.
To delve into St. Charles area bad credit auto loans, call 5 Star Auto Plaza at (636) 940-7600. We are happy to help you review your options for auto loans and reliable vehicles for everyday commuters.