Rebuild America Auto Program understands that for most people with bad credit, it is difficult but not impossible to attain financing for a car in the greater Tampa Bay area. Some finance companies specialize in giving auto loans to buyers with financial blemishes, but a buyer will pay a higher rate of interest if they choose to use any of those companies. It is often possible to qualify for a car loan with a reasonable interest rate, decent terms and a favorable duration if you take time to clean up your credit before applying for financing. A lower interest rate can potentially save a buyer thousands of dollars over the length of the auto loan.
To start the process, and ensure that the bad credit lenders RAAP works with can help a buyer, Rebuild American Auto Program suggests the following:
A buyer typically knows their credit is “bad,” but they need to take the time to dig deeper and find out the specifics of what is right and what is wrong with the credit score. Start by visiting http://www.annualcreditreport.com, a site run by TransUnion; Equifax and Experian in a cooperative effort to provide one site where everyone can order their credit reports one time yearly.
Credit bureaus are prone to incorrect information, failure regarding accounts to be removed and date discrepancies. Whenever a buyer finds an error, it is vital that dispute forms are filed with the appropriate bureau.
Hold off on that application for a car loan until there has been an opportunity to hear back regarding disputes filed on the different credit bureau reports. Each ding on the credit report that is handled increases the likelihood of a better interest rate for the bad credit auto loan in Tampa Florida.
When applying for a bad credit auto loan, be prepared to have multiple lenders that it is possible to apply for an auto loan with. It is true that credit inquiries can lower the score, but keeping them limited to a shorter time frame and for the same type of inquiry does not cause as many problems. This is where it pays to consider using the resources available with Rebuild America Auto Program. RAAP dealers work with a number of lenders that specifically understand the realities of bad credit in Tampa, and they will work with potential borrowers to make credit rehabilitation and an automobile a reality.
Rebuild America Auto Program leverages the combined knowledge of automobile sales specialists to put the credit challenged into automobiles in and around the Greater Tampa Bay area. The knowledgeable members of the RAAP Team understand the realities of foreclosure, repossession, bankruptcy, long-term military deployment and what it is like to buy the “first” car. There is no Tampa bad credit auto loan situation capable of preventing Rebuild America Auto Program bank partners from getting a buyer into a car quickly in 2013. Take the time to check out the overall credit situation this week, and then make an appointment for a free consultation with a RAAP dealer to discuss the best road for tomorrow.
Rebuild America Auto Program is not a credit rehabilitation program.
The Washington DC based Rebuild America Auto Program specializes in Tampa bad credit auto loans for people who have gone through bankruptcy, foreclosure, long term lack of credit due to extended military service and even assistance for a first time buyer. Rebuild America Auto Program works with banks nationwide, in an effort to help people typically declined by most banks find credible financing for the car they need. Additional information about the Rebuild America Auto Program is available by visiting http://www.askraap.com, or calling 1-888-865-1602.