Feb. 18, 2013
-- Rebuild America Auto Program issued an alert to potential used car buyers over the weekend, extolling the virtues of understanding how credit reports and Tampa bad credit used auto loans work.
Rebuild America Auto Program explained that buyers must obtain a copy of the credit score from Equifax, Experian and Trans Union before you set an appointment to visit a local used car dealership. A potential buyer can retrieve a free copy of their credit report by visiting AnnualCreditReport.Com, a site operated jointly by the three major credit reporting bureaus. Rebuild America Auto Program advises that a potential buyer obtain a single copy each year from the three reporting agencies because frequent credit checks will not improve a credit score.
A subprime buyer must understand that there are lenders out there looking to take advantage of buyers who are in need of a Tampa car loan for bad credit. There are many lenders who are even willing to “fudge” the facts, by telling a Tampa used car buyer that his or her credit score is significantly lower to trap buyers into bad loan terms.
Tampa buyers with bad credit must also be prepared to pay a higher interest rate than a used car buyer with good credit. Anyone with a credit score that falls below a 680 is considered to have poor credit, and will find that one of the only options available is a car loan for bad credit.
Rebuild America Auto Program asks that buyers keep in mind that Rebuild America Auto Group can help navigate the waters surrounding Tampa car loans for bad credit!
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://askraap.com
, or calling 1-888-865-1602.