Baltimore Auto Loan Credit Repair

Is it time for a new car? Are you nervous to apply for a car loan due to your poor credit history? Baltimore Credit Repair Today can provide a solution to all your credit problems. We can help you improve your credit over the next few months. Your higher credit score will help you secure a better loan at a great interest rate You’ll be able to purchase a nicer car and may pay 0% interest. We can provide you with the tools your need so you can purchase your dream car.

FICO Auto Credit Score

Most car dealers use a unique credit company for their credit score. Your dealer will probably use the FICO Auto Credit Score. This score is not sold directly to consumers so you may not know exactly what is on the report. The FICO auto score considers the risk behaviors of the auto loan industry. Auto scores look for recent bankruptcy, short credit history, late payments on auto loans and repossession or collections on an auto loan. These can all effect your Auto Credit score negatively and could hurt your chance at a new loan.

Credit Score and your Auto Loan

If you have bad credit you are at a disadvantage at the dealership. You may be able to get a loan, but you will be leaving a lot of money on the table in the process. First you will be required to provide a large down payment. Secondly you loan will have a very high interest rate. This could cost you thousands of dollars over the course of the loan. A customer with great credit can purchase cars with 0% interest. This is a huge deal and should be a goal for any customer interested in auto credit repair.

Auto Loan Credit Repair

Like our home and mortgage loan repair services, Baltimore Credit Report Today will provide you with assistance in fixing your current credit report and providing support to help you build your credit for the future. We will spend time analyzing your credit reports to identify any incorrect negatives and have them removed. We can then assist you with rebuilding your credit. It may take time but eventually your credit will be good, and you’ll be able to get a great loan. We can provide you with the tools you need to succeed in repairing your credit.

Credit Building

What can you do in the meantime to build your credit? We encourage all our clients maintain a bill calendar and always pay their bills on time. Any late payments can severely affect your credit rating negatively. Do not apply to new credit cards while shopping for a car. Multiple applications can negatively impact your score. Clear any existing debt if possible and ensure your debt ratio is good. We can aid with all your credit repair needs. Feel free to contact our team today to discuss our auto loan credit repair options.