Get Approved to Finance Your Next Car

Second Chance Road

It's no secret that having bad credit can make qualifying for a loan pretty challenging. Many people with bad credit or no credit who try to get approved for financing often hear "no— from auto lenders and finance companies. But everyone deserves a second chance to improve their credit, get approved for vehicle financing, and purchase a reliable car.

The first step towards improving your credit is understanding your credit score, the numeric value that finance companies and many other businesses reference to estimate the likelihood of you paying back what you owe. Many scores range from 300-850, with scores of 700 and above generally considered prime, while scores below 650 are often considered subprime. Your credit score is generally based on information in your credit report. This information is reported by your creditors to credit reporting companies. The three biggest are Equifax, Experian and TransUnion.

Once you have a sound knowledge of your credit history, you can start taking active steps to improve your credit. This includes:

Although having good credit generally results in getting easy car loan approvals, if you've had credit challenges, including bad credit or no credit, you can still receive credit approval from dealers enrolled with Credit Acceptance. To learn more about managing and improving your credit score, click here.

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