With Banks Getting Stricter on Auto Loans, What Can You Do?
If you've noticed that you're getting rejected for a number of auto loans from every local lender that you've applied to, your credit score may be to blame. Banks around the country are tightening their belts and raising the credit standards related to auto loans. This is evident as nearly a third of new auto loans are now given to consumers with a credit score of over 720.
This is despite the fact that the average credit score in the United States is about 695 and that this number is at an all-time high. This means that if you are trying to buy a car after dealing with a bankruptcy in Trenton, NJ, you will likely have an exceptionally difficult time finding the loan that you need. Luckily, there are options available for those who do not qualify for an auto loan from the bank.
At PA Auto Credit, our Buy Here Pay Here program helps put Bucks County drivers in the cars that they need without the hassle of relying on receiving a loan from a bank.
When you sign up for our Buy Here Pay Here in Philadelphia, PA, the lender essential extends their line of credit to you in order to put the keys to the car you need into your hand. Buy Here Pay Here is an excellent option for those with less than stellar credit or those who are looking to buy a car despite recently dealing with bankruptcy, repossession or foreclosure. We understand that though you may be dealing with a financial issue in the past and we believe that you deserve the chance to help restore your life.
Don't let your poor or average credit keep you from getting the car that you need to take your children to school or drive yourself to work. We here at PA Auto Credit are here to help work out financing options that can work with your income. Give us a call today at 800-371-1769 or fill out a form on our website to get started!