|
Consumers with good
credit will have demonstrated a "paid as agreed" credit history
for at least three years. "Unapplied for" negative items on the
credit report such as medical bills, and civil judgments from
non-creditors are often overlooked.
Good Credit Consumers
have had "paid as agreed" installment credit such as a mortgage or
an auto loan within the last three years. Major derogatory items
such as a repossession or bankruptcy should have happened over
three years ago. |
|
Consumers with fair
credit history will have demonstrated a "paid as agreed" credit
history for at least two years. They may have an occasional late
payment on their credit report.
Consumers without a
"paid as agreed" installment credit such as a mortgage or an auto
loan within the last two years should have substantial good
revolving credit. Major negative items such as repossession and
bankruptcy happened over eighteen months ago. |
|
Consumers with a
situational credit problem. You can usually identify a large
economic disaster or event that caused the credit situation. Here
are some examples:
- A Divorce.
- Illness or injury.
- Loss of employment.
- Bankruptcy due to medical
problems, credit card debt, or loss of income.
|
|
Consumers with little or no applied
for credit. May have numerous unapplied for charge-off accounts
such as bad checks, unpaid medical bills and utility bills, small
unpaid charge accounts, and unresolved repossessions over two
years old. |
|
Consumers with credit
issues that can’t be isolated to a single event. It could be a
long term history of bad credit. Here are some examples:
- Multiple bankruptcies.
- Multiple repossessions outside
of bankruptcy at different times.
- Significant bad credit after a
bankruptcy.
- Currently delinquent on all
existing obligations.
- Repossessions less than one year
old.
- History of writing bad checks
over a long period of time.
|
"I
was turned down for a car loan twice. Thanks to Direct Auto
Loans I was able to get the new car I needed to get to my
job."
"I
just wanted to thank you for the excellent service I
received with your organization. I was treated with the
utmost respect regardless of my past credit history.
Overall, my car loan experience proved to be exactly what
you described in your website. I was driving my car within
48 hour of applying for my car loan." 
"Thanks
... this was very easy ... you promised me bad credit car
loan and you delivered! Now I'm driving my new car!"
Auto buyers with
blemished credit may wonder how they can get approved to buy a
car. The answer is sub prime auto financing and we are the
specialists in getting car loans. When seeking a sub prime
auto loan the question shouldn't be just, "How do I get
approved?" The better question to ask is, "How do I get
approved for the best sub prime auto financing available?"