You Can Qualify for Bad Credit Auto Loans in Wentzville
May 28, 2015
Having a poor credit history can negatively impact your life in many areas, including the purchase of home or vehicle, whether new or pre-owned. There are, however, options available to aid you in buying a used car in the form of bad credit auto loans in Wentzville.
How do you know if you have what lenders term “bad credit?” There are several indicators:
- Not having enough credit. This often applies to college graduates or those seeking car loans after divorce when all credit was in the ex-spouse’s name.
- Too much credit and debt. Having several credit cards with large balances are not in your favor. Paying off smaller debts first will help in this area.
- You are unaware or have forgotten what your credit limits are.
- Late payments are adding up. Even one late payment can blemish your credit report.
- Your only line of credit is from plastic. Credit diversity is beneficial.
- You have not seen a copy of your credit report and, therefore, do not know if it is accurate or not. Request your free copy from all 3 credit reporting bureaus.
It is not too late to repair your credit. Begin now before you actually need a vehicle.
For your current pre-owned auto requirements, get in touch with the professional team at 5 Star Auto Plaza at (636)940-7600 or stop by the dealership. We are proud to offer a wide selection of used vehicles of all types and in all price ranges and have affordable choices for you regarding bad credit auto loans in Wentzville.