Can I Get a Used Car Loan with a Low Credit Score?

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Can I Get a Used Car Loan with a Low Credit Score?
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Follow these tips to get a used car loan even
with a low credit score.
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Higher down payment

• A higher down payment increases the chances of
  loan approval.

4
Include co-signer

• A co-applicant with a stable income can make it
  easy to get an approval.

5
Go for a budget car

• Avoid choosing expensive cars, so that the lender
  believes you can repay the loan despite a poor
  credit score.

6
Buy here pay here dealers

• Car dealers also offer a loan for used cars.
• Such loans usually come with higher interest
  rates.

7
Explore

• Find the lender that fits your eligibility.

8
Prove your stability

• It is easier to get a loan if you convince the
  lender of your income and job stability.

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Tips to improve credit score

• Check your credit report discrepancies and
  rectify them.
• Go for a short-term consumer loan.

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If the lender approves your used car loan after
you follow the above tips, take this opportunity
to increase your credit score.
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Thank You !
Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
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