What to Know About PFS Financial
PFS Financial is an auto lender based in Tampa, Florida. There are several factors you need to consider before applying for a loan with PFS Financial. When it comes to buying or leasing a new or used car, your credit score is typically the most important factor. However, most lenders also require a steady source of income, proof of residence, and possibly a down payment.
How to Get a Loan from PFS Financial
To increase your chances of getting approved for a car loan from PFS Financial, 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, it’s wise to know what your credit score is before applying for an auto loan.
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.
It’s possible to dispute negative items on your own, but we recommend that you work with a credit repair company for the best results.
Getting Professional Credit Repair Help
A reputable credit repair 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 such as collection accounts, credit inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.
They charge a low monthly fee, but with better credit, you can potentially save thousands of dollars on a loan. Furthermore, there are no contracts and you can cancel at any time.
Lexington Law has helped many people overcome bad credit and get approved for the loan they deserve. Give them a call at (800) 220-0084 for a free credit consultation to see what they can do for you.