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Category Archives: Jay Wolfe Honda

Can a Car Loan Help Repair Bad Credit?

Can a Car Loan Help Repair Bad Credit?

You aren’t alone. In the United States, one out of every three people has a credit rating below ‘Good’. That means if you don’t have bad credit, one of the neighbors on either side of your house probably does. It’s a widespread issue, and its cause can be as unique as the people that have it. It could be due to divorce, sudden job loss, illness, or a lack of money experience. But you don’t just have to live with bad credit.

You can begin repairing your credit rating today. You can be responsible with your credit cards, pay your bills on time every time, and you might even benefit from a consolidation loan. But one thing you might not expect to help your bad credit is this: a car loan.

Can a Car Loan Really Help Bad Credit?

If you think you’re just digging yourself deeper into trouble, you’d be wrong. A car loan is one of the best ways to restore a healthy credit situation. Here’s how:

  • You’re borrowing a substantial sum of money and acting responsible with it. The key is to be responsible with the payments. Make the payments on time and don’t miss even one. The credit bureaus look kindly on loans that are repaid consistently, and eventually in full.
  • It shows you can be trusted. The number one concern for lenders is simply that they want to recoup the money they invest in you. If you can prove you can handle this car loan, future loan applications will go much better.
  • It helps you make a living! Whether you buy a new or a used Honda, you’ll be able to get to work on time, and even potentially extend your commuting range for an even better employer. By getting a car loan, you can efficiently get to your place of employment to make your payments.

 

At Jay Wolfe Honda, we work with people that have a diverse credit history. Whether you have good credit, bad credit, or no credit, our professional sales team can help you get a loan that works for you.

Want a Certified Pre-Owned Car? Choose Honda Certified

Want a Certified Pre-Owned Car? Choose Honda Certified

Let’s face it – as much as you may want a new Honda, it’s not always in the cards. But that doesn’t mean you have to settle for a clunker either. You can get into the driver’s seat of a great Honda car, truck, SUV or minivan at a reasonable price and without all the…

Back To School: Ways to Save Money with Your Honda

Back To School: Ways to Save Money with Your Honda

The kids are heading back to the classrooms which means one thing: they’ve emptied your wallets. School supplies, field trips, after-school clubs, and sports teams are expensive. You need to find a few ways to rein in the costs so you can maintain some sort of life aside from your children. At Jay Wolfe Honda,…

Do You Need a Down Payment to Finance a Honda?

Do You Need a Down Payment to Finance a Honda?

The car ads are all over the television, newspapers, and online. The offers tell of low monthly payments but there’s a disclaimer. It’s with a down payment. It could be $1,995 down, $1,000 down, or even $2,500 or more as a down payment. But is it necessary when you’re financing or leasing a Honda? Down…

Help Your Credit with Your Credit Card

Help Your Credit with Your Credit Card

It’s a tool many people use as an ongoing loan. Rewards programs, travel points, dividends at the end of the year – they’re all ways that credit card providers employ to entice you to use your card even more. Why pay for it now when you could wait until the next month, or the one…

Is it Safe to Submit a Credit Application Online?

Is it Safe to Submit a Credit Application Online?

You’ve been on the Honda website, or you’ve been checking out the inventory at Jay Wolfe Honda. You’ve struck gold – the perfect vehicle for your needs. The Honda Civic, the Accord Coupe, the all-new Honda CR-V, or the amazing Pilot – it could be any one of these. The challenge now is to get…