A Few Reasons Why Auto Loan Lenders Deny Applications
Bathed in a luscious red hue, you can’t keep your eyes off that dream car every time you drive past your local dealership. It’s too bad your poor credit score will most likely prevent you from obtaining an auto loan and purchasing it, however.
Unless, of course, you give our team at PA Auto Credit a call, where we can make your dream a reality.
Our Buy Here Pay Here program in Bucks County, PA and the surrounding areas has made it easier for customers to receive their dream cars. We believe that everyone should be able to purchase a car. It doesn’t matter how good or bad a driver’s credit is either, we’re going to do everything in our power to make sure you get what you want. We strive to get you a low interest rate and the lowest down payment.
Here are a few reasons why auto loan lenders deny applications.
- Poor Credit Score - Poor credit score is the No. 1 reason why auto loan lenders deny an application. A low credit score is considered to be anything that is 620 or lower. Lenders that loan money assess risk and borrowers with poor credit scores are among the riskiest; thus, many of their applications are not approved.
- Incomplete Loan Documents -
- No Credit - An absence of credit is yet another reason why applications might be denied, and a co-signer with a solid credit score might be needed for your loan. There are ways to build up your credit, like purchasing a credit card or charge card and using it wisely.
If you wish to learn more about the Buy Here Pay Here program available in Trenton, NJ and the surrounding areas, check out our website at http://www.paautocredit.com. We can also be reached via phone by dialing 215-375-7929.