{"id":116,"date":"2017-07-10T12:00:00","date_gmt":"2017-07-10T12:00:00","guid":{"rendered":"http:\/\/www.consumerslaw.com\/blog\/beware-buy-here-pay-here-dealerships\/"},"modified":"2023-03-27T14:04:12","modified_gmt":"2023-03-27T18:04:12","slug":"beware-buy-here-pay-here-dealerships","status":"publish","type":"post","link":"https:\/\/www.consumerslaw.com\/blog\/beware-buy-here-pay-here-dealerships\/","title":{"rendered":"Beware of Buy Here Pay Here Car Dealerships"},"content":{"rendered":"

Your credit affects many aspects of your life, perhaps even more than you realize. Consumers with significant negative marks on their credit report and a low credit score will likely have more difficulty securing a new line of credit, renting an apartment, and avoiding high interest rates on loans and credit cards.<\/p>\n

Poor credit also makes it difficult, and sometimes impossible, to secure an auto loan. If you find yourself in this position and are trying to purchase a new vehicle, you may be tempted by dealerships that advertise, \u201cNo credit, no problem!\u201d These dealerships finance loans \u201cin-house\u201d and often carry extremely high interest rates when compared to loans from banks, credit unions, and other lenders.<\/p>\n

Shop Around for an Auto Loan<\/h2>\n

\"AutoBefore agreeing to a loan with one of these dealerships, be sure to shop around and see if there is a bank, credit union or other lender who is willing to loan to you.\u00a0 An auto loan with high interest rates, like those that typically come from buy here – pay here dealerships, may not be worth it; the cost of the loan could outweigh the benefit of purchasing the vehicle.\u00a0 Learn more about\u00a0steps to take to secure an auto loan<\/a>.<\/p>\n

Obtain Current Credit Reports<\/h2>\n

\"\"Before visiting the car dealership, it’s important to check your credit reports<\/a>.\u00a0 If you discover errors on your report, address them before seeking new credit.\u00a0 You do not want to risk denial for a loan, and possibly a drop in credit score, because of these errors.<\/p>\n

Send your written dispute<\/a> to the credit bureau and the creditor. Request the listing on your report be corrected.\u00a0 Once your report is accurate, shop for the loan that offers you the best terms.<\/p>\n

Seek Legal Advice<\/h2>\n

\"\"Flitter Milz is a consumer protection law firm that represents people that defaulted on auto loan payments and had a vehicle repossessed.\u00a0 Contact Us<\/a><\/strong> for a FREE legal evaluation of whether the lender or repo agent violated the consumer protection laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Your credit affects many aspects of your life, perhaps even more than you realize. Consumers with significant negative marks on their credit report and a low credit score will likely have more difficulty securing a new line of credit, renting an apartment, and avoiding high interest rates on loans and credit cards. Poor credit also … <\/p>\n

Continue reading Beware of Buy Here Pay Here Car Dealerships<\/span> →<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[44],"_links":{"self":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/116"}],"collection":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":8,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"predecessor-version":[{"id":3112,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/posts\/116\/revisions\/3112"}],"wp:attachment":[{"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.consumerslaw.com\/blog\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}