Archive for the ‘Finance’ Category
Easy ways to build credit from scratch
The world runs on credit. If you are looking to make big purchases in your life, such as a house or a car, you need to have a good credit score in order for lenders to know you have been able to pay your bills. The topic of having bad credit gets talked about a lot, but what if you have no credit at all? Maybe you’re fresh out of college and looking to make the transition into life after school, or maybe you’ve just always paid cash for your items and never found a use for credit. Whatever the case may be, we want to talk about some of the easy ways to build credit from scratch that may help you out in financial situations in the future. While this is not a replacement for advice from your financial expert, it’s a good place to start. (more…)
How do late or on-time car payments affect your credit?
Here at J.D. Byrider, we know that life can get crazy sometimes, and that can make an impact on your credit score. There are a number of different ways your credit score can be lowered, including losing your job and your income, incurring unexpected medical costs, and any number of other reasons. We are able to work with you even if you have poor credit, and we want to talk about one particular way your credit score can go up or down, and that is with car payments. Typically, when you buy a vehicle, you do not pay the entire cost right away. Instead, you make a down payment and finance the rest, making monthly payments over a period of time to finish paying for the car. What happens if you cannot make a payment when you’re supposed to? How do late or on-time car payments affect your credit? (more…)
How do you buy a car after bankruptcy?
What comes to mind when you see or hear the word “bankrupt?” Do you see the big black and white letters and hear the woeful sound effect from “Wheel of Fortune?” That word and the idea are etched into our collective minds as something to avoid, something that could spell disaster for the rest of your life, but it doesn’t have to be like that. It doesn’t mean it’s all over. If you have been in need of an upgrade in your automobile and have recently come out of a bankruptcy situation, all hope is not lost. How do you buy a car after bankruptcy? We have some tips on the matter, and while this is not a replacement for financial advice from your legal counsel, we think this can help shed some light on a difficult topic. (more…)
10 steps for rebuilding your credit
Nobody’s perfect. Bad credit can happen to anyone due to a number of different circumstances, and having bad credit can really hurt you as you try to live your life. But it doesn’t have to be like that. There are ways you can dig yourself out of the bad credit hole. We have a list of 10 steps for rebuilding your credit, and while this is not meant to replace advice from financial experts or your own personal financial representative, it’s a good list of steps to think about when trying to get back on your feet. (more…)
Does J.D. Byrider report car payments to the credit bureau?
If you are in need of a new-to-you set of wheels but are unsure of your credit situation, you have come to the right place. Having a bad credit score can hinder you from enjoying some of the finest experiences life has to offer, including driving a reliable car. If you have bad credit, then you know how limited your options are in terms of where you can purchase a pre-owned automobile. We can help. When you sign up to make payments for certain items or services, those payments can often be reported to crediting agencies. Does J.D. Byrider report car payments to the credit bureau? Yes, we do! Read on for more details. (more…)
If you’re in the market for a new-to-you vehicle, there’s a good chance that you’re looking to get rid of another one. In times like these, there are a few selling options, but one of the easiest routes to go is selling your former vehicle to a dealership. When this happens, you can take the money, or put it toward the vehicle you’re thinking of purchasing – but how do you know you’re getting a good value? Here, at J.D. Byrider, we want you to be prepared. So, we’ve put together four tips for getting the best value for your trade-in. Keep reading for details!