If you’ve looked at your credit and seen that it’s really not where you’d like it to be you’re probably suffering from bad credit. But that doesn’t mean there’s nothing you can do about it. In fact, it means that you’re definitely going to want to do something because having bad credit means a lot of things for your credit report and for your future as well. So make sure you’re paying attention to what this can really do to you as you’re trying to move on with your life.
Having bad credit means that your credit score is somewhere less than 650. On a scale of 300-850 that may not seem really low, but anything in the 300-500 range is considered practically unbelievable and when you get into the 500-650 it’s definitely considered bad. Even 650-699 isn’t really considered good but is instead considered ‘fair.’ That means you want to get your credit up above 700 if at all possible because that’s where you’re going to get the best results in trying to apply for loans or credit and getting the lowest interest rate that you can. It’s not always easy but that’s the best way to do it.
Bad credit could mean that you’ve missed payments or that you have made less than your minimum payments. It could mean that you’ve gone bankrupt or had a lot of accounts turned over to collections or that you have a very high debt to credit ratio. There are a lot of things that affect your credit and can easily turn it into something you’re not exactly proud of. But there are ways that you can work on it and continue trying to improve it. You’ll just need to work at it before it’s going to get you anywhere.
Unfortunately, bad credit also means that you might not be able to get the loans that you want or need. You could end up with problems because you can’t get the mortgage that you need for that new house or because you can’t get the car loan that you need to replace your old car. It’s not always easy to make things work with bad credit, but you can definitely work on it and you’ll be better prepared than you might think in no time. It’s going to take some work after all, just make sure that you know where you’re starting from and where you want to end up.
Having bad credit is definitely not something you’re going to want, but it’s possible to still get the things you need. You’ll be able to get loans, just not necessarily as good of loans as people with better credit, so make sure you work on what you can to improve your credit. And make sure you start with the best loan you can find. You’ll be able to learn even more by clicking right here and you can work with us to get approved for a car loan even with bad or terrible credit.
Are you ready to make that purchase on a new (or new to you) car? If you are then you definitely want to make sure you’re keeping a few very important things in mind before you sign on the dotted line. After all, a vehicle is a very big purchase and it’s something that you’re going to be driving for a decent amount of time. It’s not just a purchase but an investment. It’s something you need to trust to work for you a few years at least. So how do you make sure of that?
- Take It For a Test Drive.
One of the most important things is to make sure that you actually get to drive the vehicle and see how it feels. Even a private party seller should allow you to drive the vehicle because that says they know it runs well and they believe the vehicle is going to work for you. If they don’t want you to drive the car at all that’s definitely a red flag and something you should think about walking away from. After all, what possible reason could they have for not letting you drive it that isn’t trying to hide something?
- Look Under the Hood. One way you can easily see if a vehicle has been taken care of is to open up the hood. You want to look at the engine block and see if there’s any dirt or debris. In your average vehicle there will be some. You should be able to see a little something just from driving the car around. There shouldn’t be a lot of dirt or oil stains however because this shows that the vehicle hasn’t been well taken care of. If it’s too clean this says they wiped it down recently and just why did they do that? Probably because it was really dirty.
- Check the Fluid Levels.This may seem strange because, of course, you can add more fluids yourself if the vehicle needs it. The key point is that the vehicle shouldn’t need it. The fluid levels should be right about average or close to the full line. If they’re a little below that’s fine. It says they’ve driven the car since filling up the fluids and that means they didn’t top things off right before you got there. Don’t just look at how much of each fluid is present however, look at what it looks like. You’ll definitely be able to tell if it’s old and old fluid means they didn’t care for the vehicle either.
Just these few steps are going to make it a whole lot easier to pick a good quality car. No matter who you’re buying from they shouldn’t have any problem with you following these steps because they’re things that any good car buyer should be doing. They show that you know what a car needs and that you’re looking to buy from someone else who also knows what that car needs, and took care of those needs.
Once you have decided to purchase a car, consider your financing options afterwards. Learn more about New Car Canada – Car Loans For Bad Credit and decide which is the best for you.