-Build your credit at a reasonable pace. While paying for everything in cash may seem like a great idea, slow-to no-credit is a red flag for some lenders. When it comes time to purchase a vehicle, they will be looking at the frequency of both purchases and payments. Be sure to keep your credit active.

-Don’t cancel your old credit cards. If you are trying to reduce your spending tendencies, only make a few small purchases on the card and pay it off every month. Keeping these accounts open will add to your established credit history and improve your debt to credit ratio.

-Avoid applying for too many cards at once. If you have five or six companies checking your credit score at the same time, it will appear as if you’re in a panic because of your debt. Be certain you’re casting an image of stability at all times.

-Make sure you have both types of credit. While revolving credit (credit cards) are important, installment loans (vehicle, home, student loans) possess their own type of credit score value. This will give you a well-rounded credit portfolio and display you can handle any type of loan.

-Keep an eye on your credit scores. Although you may submit timely payments every month, erroneous charges and accounts occur everyday. It is an unfortunate reality in today’s world but it does happen. Prevent false charges from ruining your credit by finding them early.

The economy has really done quite a bit of damage to those who are looking to improve their credit score by getting a car loan. It’s not as easy as it once was to walk into a bank or a loan center and ask for a Chicago Heights car loan. Today, maintaining a high credit score is a must! A high credit score can get you a low interest car loan with little or no money down and could also qualify you for a better vehicle with a higher payment. Not only that, but wouldn’t you like to own a home some day? You’ll certainly need a good credit score for that. So what are the first steps that someone should do when they need to improve their credit score? We are certainly not financial experts, but in our experience, we have seen customers with bad credit scores get a car loan and continue to make regular monthly payments on it and over time and barring that nothing else has blemished your credit score, it really helped out their life situation.

If you are looking to improve your credit score and you currently are employed and receive a regular paycheck, you may qualify for a car loan! Chicago Heights residents from the south suburbs of Chicago have been using Chicago Car Credit for their auto loan needs, so why shouldn’t you? Give us a call today and get info on your next car loan!

Chicago Car Credit has a simple process for getting approved for a River Oaks car loan. If you are looking for a used vehicle, one in great condition and one that you can rely on, then contact us directly at Chicago Car Credit! Fill out our free car loan application or call us and speak with one of our representatives! (800) 955.2753

Chicago Car Credit helps people get a car loan regardless of whether you are looking for a car loan in Chicago or not. Bad credit? No credit? No problem. You can be a resident from anywhere as we put no restrictions on the city or state that you must live in to qualify. One of our representatives is standing by to take your call! Get the new car buying process started today and see what you qualify for!

Our process is simple and free. You can either call us directly and we can let you know what you qualify for, or you can submit a credit application and one of our representatives will contact you regarding your loan inquiry. That’s it! There are no strings attached. Our representative will give you the information on the closest dealership that works with Chicago Car Credit, and you will be on your way! Call us today! (800) 955-2753

The first step in the process is to give us a call so that we can let you know whether or not we can help you and get you approved for a car loan. Once you have been approved, we will give you the name of a dealership in your area that works with Chicago Car Credit so that you can pick out a car for the loan amount that you have been approved for. You will also need to know what paperwork to bring with you when you come in!

Do you live in the suburbs? No problem. You don’t have to live in Chicago to get a Chicago Car Loan. You can also get car loans in Tinley Park, car loans in Orland Park, car loans in Joliet and car loans in Illinois, or any other area! There are no restrictions based on location!

Getting a car loans in Chicago with bad credit may be possible if you can show and prove income from a current job. Find out what other qualifications you will need in order to be approved for a loan. Call us today! (800) 955-2753.

In the past, the best game in town to get a half way decent car was to lease it. In doing that, many lenders could massage the numbers just enough to get you in that new ride for a good low payment, as in less than $200 a month.

Obviously times have changed in a very big way. Although getting a low car rate is still a great option even with the bad credit markets, the leasing game has become a really hard game to play.

Just in August both General Motors and Chrysler and essentially gotten out of leasing in both the U.S. and Canada. Those numbers are big, as they both combined provided over 1/3 of all new car sales.

So, do you think that getting that car for $199 a month still possible? Yes! Let us count the ways!

Of course, the quickest way is to adjust the loan terms. By extending the terms of the loan from the traditional 36 months to say four, five or even seven years, you can keep that payment lower.

Most people own their cars for seven years on average so getting a four year loan would still provide you with three years of driving loan payment free.

So now, let us explore a few cars that you can get with low monthly payments and still get great gas mileage.

The Hyundai Accent is available in a 2 door sedan with a 4 door being made available within just months. The 2011 Hyundai Sonata gets 35/mpg on the highway, a huge improvement from just one year prior.

Just make sure you look at all of your options when you begin shopping for a new car. Often times by seeking other lenders besides the one’s that are offered by the dealer, you will that you have saved a ton of cash.

Do your homework before shopping by getting online and using a car payment calculator. There is a wide variety to fit your bill if you know where to look. Start here at Chicago-Car-Credit!

The most important thing you can do is to find a qualified dealership who understands how to work with customers who have bad credit.  It will save you time, you’ll get a better vehicle, and you’ll probably get a lower payment as they understand what it takes to help customers get an auto loan with bad credit. They also stock their lots with cars and SUVs that lenders will approve you on if you have bad credit.

2. Down payment

Money talks.  It’ that simple.  You’ll get the dealer’s attention and the lender’s attention when you come with at least 10-15% down or $1500.00 depending on the cost of the vehicle you are trying to purchase. You’ll also leave with a lower payment which is  important when you are  trying to rebuild your bad credit with an  new auto loan.  Best type of down payment-cash.

3. Be flexible on the type of vehicle

Too many shoppers with bad or challenged auto credit have unrealistic goals when it comes to buying a vehicle. They hear stories of friends who bought Escalades and Navigators and other fast depreciating, expensive to maintain vehicles, only to have the  final chapters of these stories left out by the owners-the part about them being repossessed by the lender.  You need to understand that banks and lenders want to see people with bad credit in low mile, dependable vehicles that don’t depreciate and have good warranties (see our list of the 10 best vehicles to buy with bad credit).  You don’t have to take junk, but you should realize that this car may be one that you “just date, not marry”.  Once your credit is on solid ground then start considering that Mercedes Benz you’ve been dreaming about!

4. Have a co signer

Most people who have an aversion to this don’t realize how much much help this can really be to your financial situation.  If you have someone who is willing to help you with an auto loan ASK THEM.  It could save you thousands of dollars in the long run.  Consider this-even with bad credit, you will want to get into a different vehicle every 2 or 3 years.  If that is the case, when you trade your vehicle in, if you have made your payments on time, chances are good you won’t need the co signer for your next car. But think of how much money you will save…  And think how much better it will look on your credit report if you you were financed at a better bank with a strong reputation and strong name with a co signer than on your own at a known bad credit finance company.  Your next loan may be even easier to get now.

5. Come prepared to the dealership to do business

A dealership that specializes in bad credit auto loans in Chicago will ask you to bring certain documents known as stipulations or “stips”-these are for the lender not the dealer.  They are requirements in order for you to get a loan so you need to follow their instructions.  It will make the deal move more quickly and the dealership is more likely to work harder on your deal than someone elses.

6. Sure price is important, but payment is everything

Work with the dealer and the finance department on payment more than price.  They often times have high fees they have to pay to the lenders to get your deal financed and they are in the business of making money for their efforts.  If they don’t make some sort of profit you won’t have a car.  We’re not saying because you have bad credit you should get ripped off, but the reality is a bank won’t let that happen most of the time anyway.  After all, it’s in their best interest that you pay for the car…they’re the ones really on the hook for the money. Find the car you like that fits your situation and make those payments on time and you’ll be back on track in no time!