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How to Buy a Car with 600 Credit Score in Burlington

How to Buy a Car with 600 Credit Score in Burlington

If you have a 600-credit score and need a new car, there are some things you must do in order to get a car loan, but there are options available.

 

Before our Burlington car loans team takes a deep dive into the steps you must take, have you thought about why you have such a low credit score?

 

Prospective lenders are going to ask why your credit score is low.

 

Having an explanation demonstrates your maturity at taking responsibility for your obligations; it does not mean the lender will approve the loan but some will.

 

Mapping out your credit rebuilding journey

 

You must identify the causes of your low credit score and begin working on those issues.

 

There is no cost to access your credit reports and scores with TransUnion and Equifax; you just need to pass their identity verification process.

 

Once you gain access to your credit reports, take a look at each account and its corresponding status.

 

The credit report lists all of your personal financial activity for the last seven years; there is a potential for mistakes to appear during that timeframe.

 

Mistakes can bring down your credit score, so if you notice any, do not hesitate to report them to the official dispute channel on the corresponding credit reporting agency.

 

When you have worked out the root causes of your low credit score, you can begin the rebuilding phase.

 

This step takes time, especially if you are on a tight budget, but it will really pay off when your credit score begins to improve; it can take 30 to 60 days before you start seeing movement in your credit score, but it will improve.

 

If you are carrying too much debt, you should aim to bring it down to less than 30% of your total available credit.

 

This will help give your credit score a boost and get it over the 700 mark as soon as possible.

 

Having a credit score over 720 will give you access to the best interest rates and terms, so you need to implement all of the suggestions.

 

Finding a Burlington car loan with a 600-credit score

 

Should you find yourself in a scenario where you need a car right away and do not have the time to wait for your credit score to improve, you should call your local dealership and ask them for help.

 

The dealership will be able to find lenders that work with consumers who have credit challenges.

 

These lenders work exclusively with the dealership network, so you would never be able to find these lenders without the help of the dealership.

 

While working with the dealership, you will also be able to access their inhouse credit professionals.

 

These individuals will show you the fastest way to rebuild your credit score and qualify for the best car loans in the future.

 

As a result, you have peace of mind knowing that when you go through a local dealership, you are going to have the best possible car buying outcome.

 

We’d love to help you buy a car with 600 credit score or less in Burlington. Simply fill in the form below and we’ll get back to you ASAP or see our selection of used cars at our Burlington dealership. 

 

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    Categories: Auto Loan

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