What to Know About Credit Concepts
Credit Concepts is an auto lender based in Portland, Oregon. There are several factors you need to consider before applying for a loan with Credit Concepts. If you’re looking to buy or lease a new or used car, the most important factor is usually your credit score. However, most lenders also require a steady source of income, proof of residence, and possibly a down payment.
How to Get a Loan from Credit Concepts
To increase your chances of getting approved for a car loan and to qualify for the best rates from Credit Concepts, it’s wise to improve your credit score as much as possible before applying. Otherwise, you might end up with high interest rates, not get approved, or the lender may require a cosigner.
The first thing you should do is grab a copy of your free credit report from each of the three major credit bureaus. By law, you’re entitled to one from each credit bureau every 12 months.
You should also know what your credit scores are. There are several ways to get your credit score; some are free and others you have to pay for. Either way, having a good idea of what your credit score is before you apply for an auto loan is a wise decision.
What to Do if You Have Bad Credit
If you’re struggling with bad credit, you need to figure out why and fix it as soon as possible. If you have no credit history, you may want to start with a secured credit card or credit builder loan.
If you have negative items on your credit report, you’ll want to get them removed as quickly as possible. Most negative items stay on your credit report and hurt your credit scores for about seven years.
However, it’s possible to dispute the items and have them removed from your credit report before the seven years. By removing negative items, you can improve your credit score and get approved for the best auto loan rates.
You can dispute negative items on your own, but if you want to have the best shot of getting them removed, we recommend working with a credit repair company
Getting Professional Credit Repair Help
A good, reputable credit company will do all the tedious disputes and follow-ups with the credit bureaus, collection agencies, and creditors for you.
If you’re struggling with bad credit, consider working with Lexington Law. They help you challenge (and possibly remove) inaccurate information from your credit report including collection accounts, credit inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
They charge a low monthly fee, but it’s possible that you will save thousands of dollars on a loan by having better credit. There are no contracts and you can cancel at any time.
You can give them a call at (800) 220-0084 for a free credit consultation. They have helped many people overcome bad credit and get approved for the loan they deserve. And we believe they can help you too.