FREQUENTLY ASKED QUESTIONS : FAQ

What is the cost? - Answer

There is no cost to fill out an application. We only earn a commission if you are approved and purchase a vehicle.  There is no risk or cost to you.

What if I have really bad credit?

Sometimes things happen in life that affects our credit in a negative way.  Every person and every story is unique and we respect that.  If your credit is at the point where we cannot get you approved, we will tell you what you need to do in order to get approved.

What do you do with my application?

When we receive your application we review it and anticipate which lender is most likely to extend you credit in your personal situation.  Before we pull any credit report we will contact you personally to discuss your situation.

I have been tuned down before...

If you have been turned down before do not despair.  We may have lenders that will deal with your situation.  In every case, we will guide you and explain what you need to do to get approved.

Does buying a pre-owned vehicle really help me reestablish my credit ?
Yes, when checking with the credit bureau, many lending institutions look at automobile loans  closer than any other type of loan (other than home loans) to verify your credit standing. Secured credit cards are no help at all--you are really borrowing your own money with the glory of having a piece of plastic in your wallet.  Buying a car from a "buy here, pay here" lot that does not report to the credit reporting agency is simply not very smart because it does not  help your credit record at all.  

What are the benefits of using Car Credit Place over going straight to a dealership?
In most cases, if you have credit problems and go directly to the dealership, you are more than likely to have an unsatisfactory experience. First of all, once they learn your credit is less than perfect, the way they treat you will change from friendly and courteous to not so friendly. Second, they will most likely show you a very low quality, limited selection of cars....far from the type you may desire. You can avoid all these unnecessary hassles with Car Credit Place and feel confident that we will already have you pre-qualified or pre-approved before you ever decide on which vehicle you desire. Be treated with the respect you deserve.

If you have a question not addressed on this page, please email us @ info@carcreditplace.com or submit a contact form on our contact page.