Need to finance a car? We can help. We work with dealers and lenders in Temple Hills and across Maryland who want to fund your loan – today! The application itself is easy to understand, and we’ve made sure it asks less information than our competitors.
Subprime financing is our primary focus. There is no minimum FICO score for applying, and we can help borrowers at each of the lower credit tiers.
|Credit Tier||FICO Range|
A down payment, as well as monthly income of $1500 per month is often required, but most applicants receive their approval within minutes. Don’t delay. Allow us to find you a lender or dealer that funds car loans for people with bad credit.
The table that follows shows how much you can borrow, given a monthly income of $2,324, the average in Temple Hills. These sums are merely estimations. You may be eligible for a different amount. Speak with your vehicle finance specialist for more information.
|Really Bad Credit||6||$16,268|
Just because you’re able to borrow this amount, doesn’t mean you ought to. A smaller loan is advised, because it will put less strain on you in terms of your monthly budget.
Do You Need a Down Payment?
We have many lenders in our network who don’t require consumers to supply a down payment. That said, a down payment affords you significant benefits:
- Reduces the length of the loan, meaning less is paid in interest.
- Lowers monthly installment.
- Reduces negative equity.
Even so, today’s lenders and dealers understand that down payments are harder to come by these days. We help consumers get financed everyday, despite issues with their credit and down payment.
How About In-House Financing?
Buy here pay here financing is also referred to as:
- Your Job is Your Credit
- Tote The Note
- Rent to Own
- We Finance
Customers who cannot get approved for financing due to seriously bad credit often turn to dealers like these. They work with people with problems like bankruptcy, foreclosure, or repossession in the last 12 months.
Credit and Income: Temple Hills
There’s more to auto financing than just your FICO score. Loan companies evaluate your ability to pay (income), history of employment and residence, and individual credit history.
Listed below are average stats for Temple Hills residents.
- Gross Salary: $27,890 Per Annum
- Average Car Payment: $256 (11% of Income)
- Ideal Monthly Payment: $186 to $232 (8%-10% of Income)
Next we have a breakdown of Temple Hills’s population by credit score. These are just estimations, but they should give you a sense of where you stand.
|FICO Score||% of Population||Residents|