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Tips To Help Those In San Antonio TX Get A Car With Bad Credit


Most people in San Antonio TX have limited options when they try to get a car with bad credit. Most traditional banks and lenders refuse to help you because you’re a liability and risk to them. Others may offer loans to those with poor scores but may hike up the interest rate to extremely high numbers. However, there are tips to help you with what you need.

Choose Used

The best tip available is to consider a used vehicle instead of a new car. While new cars may be more exciting, you can still find a reliable, dependable vehicle at a fraction of the cost, which means the loan will be lower and you may be able to get away with no money down.

Optimize Scores

The next thing you should do is to improve your current score. Make sure to find your reports from the three bureaus, including Experian, Equifax, and TransUnion. Then, ensure that all the information is accurate. Even one small mistake, such as one missed payment, can lower your score significantly. Likewise, make sure all information is the same on all three reports.

While it’s likely that you don’t have a lot of money, it’s still best to pay as many past-due accounts off and make the minimum monthly payment on all debt. Likewise, whatever can be paid off will reflect well on your score and may lower the interest rate and down payment amount of the vehicle.

Get Preapproval

Another great tip is to get preapproved for a loan. Just remember that loan inquiries do reflect negatively on your score, so make sure to research the lenders thoroughly before requesting a loan through them.

Getting a car with bad credit in San Antonio TX doesn’t have to be impossible. Visit http://www.thekeyonline.com now to learn more and get preapproved for a loan within minutes.

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