What to Bring With Bad Credit

You might have low credit for a variety of reasons, but our car dealership believes everyone should be able to ride no matter their credit score. At a Jackson, MS car dealership that works with a variety of credit situations, we are very aware that life’s most important and unexpected things can set you back financially, compromising your credit score. That’s why we want to offer those with lower credit scores help with some tips on what to bring with you to a dealership when you have bad credit.

How to Shop At Our Jackson, MS Dealership When You Have Bad Credit

It always helps to be prepared when you come to buy a newer car with a low credit score. Before you arrive, make sure you’ve checked your credit report and see what has affected your score. Bring this report with you when you meet with our finance experts to discuss potential options. Additionally, don’t assume that your credit is terrible, since lenders from different areas will consider different scores. With our many connections with different lenders, our Jackson finance center will make it easier for you to secure a loan.

There are many other steps you can take to ensure you get an optimal car loan. We recommend limiting your search to a two-week period, because scoring models usually count every credit inquiry performed by an auto loan lender within a two-week time frame as just one inquiry, so it won’t hurt your credit score. You can also opt for a shorter loan period for a better deal on interest rates, or even consider a co-signer who can relieve some of the bad credit burden. You might also consider buying a new car with bad credit over a used car because interest rates are usually lower. Once you’ve agreed to a car loan, make sure that you’ve read all of the paperwork and that you agree to the terms of the loan.

For more information on what to expect from a car loan when you have bad credit, contact us at Wilson Auto Group!