Rebuild Your Credit At Low Country Volkswagen
Bad credit can occur from a variety of reasons. It can result from losing a job, not being able to work due to illness or just missing a few bills when times were tight. At Low Country Volkswagen, we understand that life happens. We also understand that having reliable transportation can play a role in helping you rebuild your credit.
Rebuild Your Credit Through a Car Loan
You may be surprised to learn that one of the fastest and easiest ways to rebuild your credit is through a car loan. There are several reasons for this. One is that a car loan is an installment loan, with set payments over a period of time. Demonstrating the ability to do this consistently shows lenders you are serious about rebuilding your credit. A car loan is also a secure loan, using the vehicle as collateral. This means that it is a “safer” loan for a lender than a loan not backed by collateral.
It is important to note that throughout the course of your car loan, you should make every possible effort keep up with timely payments on your loan and other payments. It can also be helpful not to add additional debt while you rebuild your credit.
Finding Out if You Qualify
At Low Country Volkswagen, finding out if you qualify for a car loan is easy. All you need to do if have a minimal credit score of 450, be serious about rebuilding your credit and fill out our online application. Your information is secure through an SSL connection that is encrypted.
We will work with you and lenders at finding you a loan you can afford. We’ll also make sure you fully understand the terms of your car loan and pay it back with timely payments to rebuild your credit. Making payments on time for a period of nine months to a year will help you start to rebuild your credit score.
Start to Rebuild Your Credit Score Today at Low Country VW
If you have any questions, please feel free to call us, send us an email or stop into our Mt. Pleasant dealership. We would like to see you get into the new Volkswagen or late model used car of your choice. Having poor credit is no fun but we can help you rebuild it, at Low Country Volkswagen.