We know that getting approved for a car loan can be a hassle. That’s why we launched our online approval system. More and more dealerships, banks, and other lenders have whole departments specializing in online applications, and we can get you approved from the comfort of your computer. When you apply online, your secure application will enter our placement system. There we will match you with a lending company given your location, budget, credit profile, and more.
What About Bad Credit?
Credit rating of 620 or less? That’s often regarded as subprime or “bad” credit, but our system is ideally-suited to consumers with problematic credit. There is no minimum credit score for applying, and we can help consumers who fall fall into any of the lower credit tiers.
|Credit Tier||FICO Range|
A down payment, as well as proof of income will often be expected; however, most of our clients receive their approval right away. We can find you a dealer in Port Huron who can accept your credit – online!
The table below shows various loan amounts, derived from a monthly income of $1,389, the average in Port Huron. These figures are just estimations. You may be entitled to a different amount. Speak with your vehicle finance specialist for more information.
|Credit||Income Factor||Amount Borrowed|
To determine how much you can borrow, multiply how much money you get paid each month by the corresponding income factor.
Down Payment: Do I Need One?
We can assist you in finding dealers who approve people who don’t have a down payment. That said, a down payment gives you significant benefits:
- Reduces the length of the loan, meaning you pay less in interest.
- Decreases payment amount.
- Protects you against negative equity.
With that being said, we realize that down payments are harder to come by given the current economic climate. We help our clients get approved everyday, even with no credit or down payment.
In House Financing Car Lots in Port Huron
You’ve probably wondered about car lots in Port Huron that advertise buy here pay here sales? Consumers who have been unable to secure a loan because of serious credit problems often resort to these types of car lots. The rates of interest are typically steep, but they often offer guaranteed approval.
Credit and Income: Port Huron
Lenders are interested in much more than just your FICO score. Lenders look at your income, history of employment and residence, and history of credit.
Listed below are some average stats for residents of Port Huron.
- Gross Salary: $16,668 Per Annum
- Average Monthly Payment: $153 (11% of Income)
- Ideal Car Payment: $111 to $139 (8%-10% of Income)
Curious about the credit ratings of your neighbors? We’ve estimated how many Port Huron consumers fall into each credit tier.
|FICO Score||% of Population||Residents|