If you’re currently in a tough financial situation that wasn’t your fault, you could be forgiven for thinking the road to recovery was long and painful. It doesn’t have to be that way. Bad credit does not last forever and you can begin rebuilding immediately.
We can help.
Rebuilding credit with a car loan
It may not sound logical, but borrowing can help rebuild your credit score. As long as you can afford the repayments, successfully managing a loan, making repayments on time, every time will help rebuild your credit score within weeks.
It will take a while to fully recover but we can begin immediately.
We have access to some specialist lenders who are willing to offer much lower rates after just 12 or 24 months of successfully servicing a loan.
It works a little something like this:
We secure a bad credit car loan for a period of one or two years and we warranty your new car for the same period of time. Depending on your circumstances, and the lender, we can apply for a much cheaper loan once that initial period is up.
That second car loan should be much more competitive and cost a lot less in interest because you have proven you can and will pay on time.
12 month credit rebuilding
Some car loans we can access will offer to substantially lower the interest rate after just 12 months of successful payments. Depending on the lender and the situation, you can pay back the initial loan and access a much cheaper one.
24 month credit rebuilding
We can also access car loans over 24 months that can save even more the second time round. As long as you have paid the loan on time for those two years, we can secure a much cheaper loan.
You can pay off the original, borrow more or whatever your circumstances allow.
This is a relatively new way to rebuild your credit. It enables anyone, in any situation to use a car loan to help rebuild your credit with minimal effort. As long as you qualify for a loan and can afford the repayments, there is no reason why you couldn’t be one of them.
Contact us today to see how we can help you rebuild your credit!