What are good credit auto loans in Wentzville?
February 11, 2016
There are three kinds of credit that are evident in today’s society:
- Poor credit often occurs when there is some type of event that drains family finances, such as unanticipated medical expenses or job loss. It may be challenging to secure financing for a mortgage or vehicle.
- Average credit generally consists of a series of on-time loan payments with a few strikes that may be late payments or over-extended credit. Qualifying for a loan is usually a positive experience.
- Good or excellent credit is virtually a spotless credit report with no blemishes and a high score of about 720 or more. Financial success is dependent upon good credit. Good credit auto loans in Wentzville abound for those who fit into this much-desired territory.
Your credit report contains a comprehensive listing of all of your current debts and those from the past and whether you have made timely or late payments or missed some completely. It also includes those debts that have been paid in full. A credit score is given to your credit report and is used by lenders to determine your risk value when applying for home or vehicle loans or credit cards. The higher your score, the better deal you will be able to secure.
Don’t be discouraged if you are seeking auto loans after foreclosure or other hardship; there is financing for you at most dealerships. If you know your credit score is lower than you would like, this is the perfect opportunity to make it better.
No matter how high or low your credit history may be, call 5 Star Auto Plaza at (636)940-7600. We have fantastic deals on good credit auto loans in Wentzville.