While there are likely several things on your mind during this tough time, obtaining an auto loan is probably not one of them. Recently Divorcedĭivorce can sometimes lead to poor credit. In turn, their credit has likely taken a significant beating, but don't worry, our finance professionals at AutoFair Ford in Manchester might be able to help. This may come as a shock to you, but there are many people in and around Manchester, NH who have lost their homes to foreclosure. The list below will shed some light on each, and who knows, maybe you'll be able to relate to one of them. What Causes Bad Credit?īad credit can result from a variety of situations, but there are a handful of causes we see at AutoFair Ford in Manchester more than others. Having trouble convincing yourself that acquiring an auto loan right now is worth it? Let our expert financial advisors at AutoFair Ford in Manchester show you that it may be the best thing to do if you're hoping to improve your credit. If you're someone who lives in the Lawrence/Andover area who has recently become a victim of bad credit and are looking for a way to get your life back in order, we might be able to assist you.īy providing you with a manageable auto loan, you'll have a good chance of improving your credit if you're able to make consistent payments towards it. At AutoFair Ford in Manchester, we understand that there are members of our community who are suffering from the emotional toll of financial hardship, and we want to do our part to help. There's no denying that credit issues have become more prominent in the wake of the COVID-19 pandemic. Some loan terms require the borrower to set up automatic payments, but that's a great idea anyway, since you won't have to worry about forgetting to pay. As you continue making your payments on time, your score will inch upward - as long as you haven't taken on new debt elsewhere (such as opening a new credit card or adding charges to an existing one).
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