Build Your Credit With a Car Loan

Okay, so getting money these days is about as hard as it gets. However there is one source of credit that is still relatively easy to acquire - a car loan.

Now don't expect to get good terms on your loan, in fact you should expect to get downright horrible terms, especially if your credit is in the suck. On the other hand, used car dealers are still out there giving away loans to just about everyone because they still need to sell cars.

The good news for you is that if you have incredibly rotten credit, getting an inexpensive used car can be one way of helping to repair your credit. While credit card companies are coming under more and more scrutiny and therefore witholding credit more often, car companies are still in the business of selling cars, which means that if you get a loan and make your payments you will be able to rebuild your credit.