We are dedicated
to provide the best value to our customer. We don't
want to be the average sales man. At Hilario's Auto
Sales we want you to get into the car that it's
right for you, not the one we think you should buy.
We understand how difficult it could be when the
time comes to purchase a car. Let us make this
experience a pleasant one for you.
Our friendly staff is here to help you
with your credit problems.
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How can we help you?
If you have
any ideas or comments that you think could improve our
services to you. Let us know. Your feedback is very
important to us. We want to satisfy all of your cars
needs.
Additional Tips:
Get a copy of your credit report once a year even if you think
you have good credit. You may find errors that
will damage your credit rating.
Filing for bankruptcy is always an option, although your
credit history will reflect it for 7 to 10
years, making it very difficult for you to get a
car or home loan in the future.
Creditors agree to reduce or eliminate interest rates under a
debt-consolidation plan because it saves them
the expense of collection efforts and increases
their chances of recouping the balance.
Every application you make for a credit card shows up on your
credit report, and multiple applications can
hurt your credit rating. To avoid this, use an
online service that matches you with creditcard
companies that will extend credit to you. Search
online for "credit card finder" or "credit card
search."
How
to Fix Bad Credit.
Living with debt or bad credit can be very stressful, but
help is closer than you realize.
Improving your credit rating
requires that you take positive
action and change your attitude
toward money.
Steps:
1.
Request a copy of your credit report from a credit bureau.
If there is an error, write to the
bureau and ask it to fix the
mistake. It might also help to
contact the creditor who reported
the error. Some creditors will
contact the bureau on your behalf.
2.
If the bad marks on your credit report result from
outstanding debts, repay them as
quickly as possible. Pay off those
with the highest interest rates
first.
3.
If your debts are overwhelming, contact a nonprofit
credit-counseling organization to
work out a debt-consolidation plan.
A counselor will help you
consolidate your debts and will
contact your debtors on your behalf
to reduce or eliminate finance
charges. This can reduce your
monthly payments by up to 40
percent.
4.
Steer clear of any services that offer you credit-repair or
debt-consolidation loans. These
companies will plunge you further
into debt. Be suspicious of any
company that advertises aggressively
or sends unsolicited mail or e-mail.
5.
Close your credit accounts and cut up the cards. Sell
valuables or liquidate assets that
will help you repay your debts. Buy
the bare essentials (food and gas)
and use the rest of your earnings to
pay off your consolidated debts.
6.
Work with your credit counselor to repay all of your debts.
Meanwhile, live a life that will
help you re-establish good credit.
Pay rent and utilities or mortgages
promptly, keep the same residence
and job, maintain savings and
checking accounts, set a budget and
stick to it.
7.
Once you have repaid your debts, apply for a new credit
card to build a good credit history.
It might be easier initially to get
a department-store or gasoline
credit card or one from an employee
credit union.
8.
Promptly pay off the balance of the credit card monthly to
build good credit. Use the card
responsibly.
9.
If you don't qualify for a regular credit card, apply for a
secured one. With a secured credit
card, you fund an account up front
and then "charge" expenses on it.
This card will show up as a credit
card on your credit report and, if
used responsibly, can help you build
a good credit history.
