What is a FICO Credit Score
FICO Scores are three digit numbers designed to provide insight to potential lenders about your creditworthiness, credit history, willingness to pay. Everyone has three different credit scores or FICO scores, which represent one for each of the major credit bureaus - Experian, Equifax, and TransUnion. Each bureau's FICO score can vary based on the actual information the bureau has on file about you.
Are There Bad Credit Auto Loans?
Typically, people with no credit, bad credit, or damaged credit can expect to pay higher interest rates and may be required to pay a down payment. In the worst case, a dealership will be unable to find banks or lenders who are willing to issue a loan to someone with a low credit score.Â
However, Robert Loehr CDJR FIAT in Cartersville believes that bad things really do happen to good people. We have designed a special program for consumers with bad credit, no credit, or a thin credit file called the
Robert Loehr Credit Advantage Program.Online Credit Application This innovative solution is designed exclusively for customers who have:
- Filed for bankruptcy or have an open bankruptcy
- No credit or are first time buyers
- Suffer from damaged credit
- Have thin credit filesÂ
Regardless of your credit situation, the Robert Loehr Credit Advantage Program in Cartersville is the premier solution. We have forged valuable alliances with lenders throughout Roswell, Acworth, Rome, Canton, and surrounding communities. These relationships allow us to accommodate even the most credit challenged customer.
What Is a Good Credit Score for Buying a Car?
While every lender has different standards and requirements, any credit score above 700 will be considered a strong or excellent score. Credit scores between 640 and 700 are commonly considered to be Fair Credit, while scores between 580 and 640 may be rated as Poor. Any credit score less than 580 is considered to be Very Poor.
What Are the Benefits of a Good Credit Score?
The stronger your credit score the better! Strong credit scores will typically lead to lower interest rates, more favorable terms, and a lower total purchase price for the vehicle. This is because individuals with higher credit scores are more likely to make their auto loan or lease payments as scheduled, which translates into less risk for lenders. In addition, individuals who have high credit scores will be eligible for special financing rates and special leasing offers at Robert Loehr Chrysler Dodge Jeep RAM FIAT.
Contact Robert Loehr CDJR FIAT in Cartersville Today for Automotive Financing
At Robert Loehr Chrysler Dodge Jeep RAM FIAT, we do not care if you have good credit, bad credit, or no credit at all. In any case, we want to help you drive away in an affordable, stylish, and reliable vehicle. We have helped thousands of consumers to date in the Cartersville, Roswell, Marietta, Acworth, Canton, and Rome area.Â
We look forward to wowing you with our exceptional customer service and innovative financing programs. Contact Robert Loehr CDJR FIAT in Cartersville today by calling (888)212-0348 or by
completing the online contact form.