Affordable Car Loans near Flint MI

What to Expect When You Apply for a Loan

Filling out the finance application can be the easy part of going for a loan. During the pre-approval stage, your application will be reviewed to determine your credit score, credit history, and your income.

You’ll have to consider what other factors may come into play, like if you will be applying a down payment, as well as loan terms such as length of the loan.

Less-Than-Perfect Credit

If your credit may be less-than-perfect or there’s not much to show for it, you can still get a loan. Credit scores that dip below 580 are considered high risk, while those with credit scores between 580 and 669 are classified with a fair rating. You may have a harder time getting a loan or you may experience higher interest rates, but our finance team works hard to find a loan that works for you.

Foreclosures, bankruptcies, and car repossessions will certainly affect your credit score, but so do other issues. If you consistently miss payments on a utility bill or credit card or send them in late, these items impact your score. High credit card balances, multiple credit inquiries, and little to no credit history also decrease your score.

Improving Your Credit

Poor credit never lasts because there are so many ways you can rectify it with time and effort. Check your credit history to see where you ran into issues, so that you can adjust your habits. Make sure that you pay all your bills on time or commit to the minimum payment. On the flip side, it may be better to pay what you owe to avoid unnecessary interest and other fees that could add up.

In some cases, it may be better if you work on your credit to improve it and feel like you’re on more solid ground. We work with a variety of Flint, MI, lifestyles, know which lenders to contact, and understand what it takes to find a car and a financial arrangement that offers peace of mind.