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Bad credit essentially defines you as a high-risk borrower and as likely to default in loan repayment. Your introduction to the world of Buy Here Pay Here financing Chances are that you've seen the words "Buy Here Pay Here" painted boldly across the windows of a local car dealership. Bad credit auto financing borrowers are providing this opportunity without the negative consequence like high interest rate and exorbitant down payment. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. High Pre-Payment Penalties Predatory lenders like to include things in their contracts that make it nearly impossible for you to refinance your loan. At a BHPH dealership, the process is usually reversed. Who should go to a BHPH dealership? BHPH dealerships are primarily designed for shoppers who may have experienced significant financial bumps and bruises. What are the benefits of BHPH financing? 1. If you consistently make payments on a BHPH car loan, many dealers will report that positive behavior to the credit reporting agencies. In today's competitive financial world it's not easy to fulfill all of your dreams and sometimes on the way to do this we get struck
