Bad Credit Score Scam
Here are some tips to help car buyers avoid the bad credit score scam and save hundreds and even more when you buy a car.
First of all, it is important to mention that not all car dealers want to scam you. However, you should still be careful to prevent this car scam.
The credit score scam occurs in the car dealers auto finance department. When you have already negotiated that price for the vehicle the salesperson will go to the finance department and return some time later to inform you that your credit score is too low.
This is a common dealer trick used to get the car buyer into a high interest car loan. This way most dealerships make their profit.
The best way to avoid the bad credit score scam is not to finance your car through the car dealer. This way you can not only save hundreds of dollars, but will also save yourself a lot of time as well. Know your credit score before you go to the dealership. The higher your credit score is, the lower the interest on your car loan.