Welcome to weekly auto finance questions on LotPro. Every week we'll pull three questions from our servers to answer for everyone every Sunday. This week, questions on a 500 credit score, does LotPro.com deal with no credit applicants, and do all car lenders use all credit bureaus.
Can you get a car with a 500 credit score?
Yes you can. While you cannot just walk into any place and get a car with a 500 credit score, there are still options for people who have sub-prime credit to get a car. Chances are though that you'll be limited to dealerships that accept bad credit, or a finance company that works with bad credit. Fortunately, LotPro.com works with people of any credit to get them a car, so if you aren't sure where to go, let us show you what you're options are.
Do you have to have credit to get a vehicle at LotPro?
No, you do not have to have credit to get a vehicle at LotPro. We work with no credit car dealerships across the country so that no matter where you are, we can provide financing options to you. And because we report your favorable payments to all three major credit bureaus, we can help you move on from having no credit, to having great credit.
Do car lenders use all bureaus?
Depends on your definition of lender. Your uncle Larry could be considered a lender if he's who fronted your loan and he might not even know the names of the three major credit bureaus. On a more serious note however, no not everyone does. For example, no credit check car lots like buy here pay here dealers often do not but in return will charge you an arm and a leg and won't report favorable payment history.
Some lenders will also only use one, usually favorable for them, credit bureau in hopes of leveraging better rates for themselves. At Lotpro.com, we don't play those games. We'll take the credit you do have, and get the most out of it for you. We even report favorable payments to help you rebuild your credit. If you're tired of weird credit rating games, need to rebuild your credit, or just need to get financed online, click on the banner below to see how we can help.