Bad Credit Car Financing
For many drivers, buying a vehicle isn’t an easy process. Those with poor credit or no credit history often struggle to get approved for traditional financing. But having a vehicle is almost a necessity, so what are you to do? Joe’s Auto Sales has you covered.
As a reputable buy here pay here used car dealer in Indianapolis IN, Joe’s Auto Sales works for those who can’t get help elsewhere. We know that you need and deserve a reliable vehicle, whether it be for commuting to work or for transporting your kids.
When you purchase a vehicle from Joe’s Auto Sales, financing is taken care of directly with us. Whether you have bad credit or no credit, everybody rides at Joe’s.
What is considered bad credit?
So if you’re wondering whether or not you would fall under the category of having “bad credit,” let’s discuss a few of the factors. For example, one red flag for many lenders will be an absence of credit history. If you’ve never taken out a loan or opened a credit card, it could lead to your application for traditional financing being denied.
- missed payments
- poor debt/credit ratio
- credit inquiries
- closing credit cards
The effect these examples may have on your credit may vary, but those are just a few things that could harm your credit score. But what is considered a poor credit score anyway?
Since there are different scoring models for credit, there is no single point where decent credit becomes bad credit. A good rule to keep in mind, however, is that if your score Is below 600 (or even low 600s), you’re probably entering into poor credit score territory.
Joe’s Auto Sales is a great option for credit-challenged car buyers in Indianapolis IN. We want to get you in a vehicle you can rely on, without bursting your budget. We will also work with you to help your rebuild your credit. Contact us today or stop by to see our quality used vehicles in person.