Millennials (ages 23-38) seem to have it pretty rough when it comes to their credit and finances. According to a recent Experian survey, millennials claim their credit scores are preventing them from reaching financial goals such as purchasing a car or home.
According to the survey, the average credit score for millennials is 638, which is less than the overall US average of 675. Whether their bad credit is due to student loans, missed credit card payments or no credit history, millennials deserve a second chance just like any other would-be car buyer to improve their credit so they are able to achieve their financial goals.
Applying for vehicle financing through a dealer on the Credit Acceptance auto finance program gives millennials who are experiencing credit problems the opportunity to obtain credit approval and potentially improve their credit scores with on-time payments.
If you are in the market to purchase a car and need to get approved for financing, a dealer enrolled in the Credit Acceptance auto finance program can help you get started on your credit approval for vehicle financing today!