Can I Trade In My Car with Bad Credit?

There's no doubt you need to get a different car. Your engine leaks oil, the transmission shifts sloppy, your power windows only work sometimes, and last week the engine stalled. Even though it restarted, who knows how long until you're left stranded? But you haven't got the best credit in the world and you're worried about getting financing. You wonder, "Can I trade in my car with bad credit?"

What Happens If I Miss a Car Payment?

A study in 2016 by Experian discovered that the average car payment in America is a whopping $503 per month! That's a big chunk of change for most people. And with a vast majority of Americans living paycheck to paycheck, you're only one small problem away from not being able to make ends meet that month.So, you might choose to skip a car payment. But what's the result if you don't make that payment? What happens isn't a complete surprise, but it might have implications beyond what you expect.

Who You Should Choose for No Credit Car Loans

You have to start somewhere. You could be new to the country and haven't had the opportunity to borrow money yet but need to drive. As a college student, you need a car but you've just barely come of age. Or, perhaps you've always paid cash before, but that's no longer an option for you. As much as it's not what you'd like to do, you're searching for no credit car loans.If that's you, don't sweat it. When it comes to building credit, everyone starts with nothing in the beginning. The problem is that it's not easy to get your start. You'd like to get a reasonable interest rate and terms when you're borrowing money, but you haven't built the credit history you need for those attractive advertised rates.So, your options at the start are no credit car loans. Unfortunately, there are lenders out there that have given no credit car loans a bad name. You'd like to avoid those lenders, so how do you choose a lender that works for you?

How to Build Credit

You need it to rent an apartment of secure financing to buy a home. It's what you require to get a higher credit card limit. When you buy a car, you're certainly going to need it. It's CREDIT. One of the things in life that will either help you go further or will hold you back is your credit rating. And unfortunately, most people never learn how to build credit in the first place.At CarUp KC, we have your back. Whether you're trying to get a small loan for car repairs, financing for a sweet guitar, or you're looking to buy a car, you need to know how to build credit. Here are a few tips on how you can do just that.

How to Fix Bad Credit in Three Steps

Nearly one in three Americans have a credit score that is below the 'good' rating. Most of those people know it, and others have no idea. If you know you have a less than ideal credit score, you've already taken the first step toward improvement. It's understanding the need to fix bad credit.Bad credit is a difficult thing to live with. It can prevent you from getting a credit card to make purchases you want and need. With bad credit, you might not be able to buy a house or rent an apartment. You might be stuck hitching a ride with friends or taking the bus instead of showing up in your own car.The good news: if you have bad credit, it's not the end. You can get through it. With diligent attention, you can fix bad credit and work towards financial freedom.

How to Choose the Right Financing Term

On average, used car shoppers spend more than eight hours researching vehicles online. It takes time to settle on the right make and model. Then after finding the right car, truck, or SUV, it's all about making the deal. That's why you've landed at CarUp KC. But even after you've decided which car to buy, there's another decision to make. You need to choose the right financing term for your needs.It's a necessity - as much as you'd like the process to all be over, you'll need to get your car financing sorted out. Part of it is the decision on a financing term that suits your situation.

Credit Card Best Practices to Improve Your Credit

Without a doubt, the number one contributor to poor credit scores in the United States has to do with credit cards. Most people don't know credit card best practices, and that leads to big problems with spending, repayment, and suffocating credit card debt. Most Americans can relate to this either today or at some point in their life.But credit cards can also be a huge help for your credit if they're used properly. Used as a tool for purchasing and simplified payment, a Visa, Mastercard, American Express, Diner's Club, or Discover card can give confidence in everyday tasks and shopping. It requires knowing and following some very important credit card best practices.

How to Lower Your Car Payment

Owning a car opens a world of opportunity. A better job that requires a commute can now be attained. Your nightlife options have now been blown wide open. And if you need to get groceries, attend an appointment, or run other errands, it doesn't take nearly as long as public transportation. But your car payment might be a stretch on your budget. If you don't know how you're going to keep paying for it, here are a few tips on how to lower your car payment.

Can You Get a Bad Credit Car Loan?

There's no way you can buy a car, is there? When you graduated high school, you began racking up thousands of dollars in tuition, and you're having a hard time getting caught up with those payments. You haven't been disciplined in making your bill payments on time, and you've had a credit card cancelled on you. Your credit score is in the toilet right now. Why should you think that you'd qualify for financing - even a bad credit car loan?The fact is that more than half of Americans live with a credit score that's below par. It could be from the same reasons as you or from a completely different set of problems. What you have in common is that you could very well qualify for a bad credit car loan. It's probably easier than you think too!

How Much Car Can I Afford?

Buying a car is an exciting time! It's a sense of freedom and a reflection of your personality. But finding the right car can be a tough task, especially if you have to search the phrase: how much car can I afford.You might have a limited income or a small down payment. It may just be that you've never bought a car before and don't know how the process works. Before trying to buy a used car and even before starting to shop for one, you'll want to determine an appropriate budget for your purchase. Here are a few tips to get you started.