How to Rebuild Credit Through Auto Financing?
Did you know taking out an auto loan can help rebuild your credit? It’s true! Financing or leasing a car and making your monthly payments on time proves to lenders that you are trustworthy and will help rebuild your credit over time. A credit score is one of the most important financial factors in North America. A good credit score can open many doors for you regarding lending and purchasing, including better approval rates, larger loans, and lower interest rates when taking out a mortgage, financing a car, applying for a credit line, and more. That is why it is essential to work towards rebuilding your credit score if you have had trouble with repayments or other issues with your credit in the past. Luckily, there are solutions for you.
Rebuild Your Credit
If you have a credit score below 650, it is considered sub-prime. Your approval rates will be lower for some lenders, and it may be difficult to get a loan. However, Taz Loans can help. We understand that a vehicle is necessary for individuals and their families to get around, no matter their previous financial situation. That is why we offer a competitive credit rebuilding program to help you get behind the wheel of a new car faster and help you rebuild your credit score. It’s a win-win! Our team will work with you to find a payment plan that works with your needs to help you get back to good financial health. Payment history accounts for over a third of your credit score, so as long as you are making timely monthly payments, you’ll be able to see your credit score rising in no time. Visit the Taz Loans FAQ page to learn more about our credit rebuilding program and how to get started.
Contact Taz Loans!
Feel free to contact Taz Loans today if you have any questions or want to learn more about rebuilding your credit through auto financing. We can’t wait to hear from you!