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Category: FAQs

Credit Repair Services – How Do They Work?

Credit Repair Services – How Do They Work?

Do you look at your credit report and think about nothing but credit repair services? Have you had one or more financial misfortunes over the past several years and now have a less than ideal credit score? If yes, then it’s high time to get your credit repair process started. Credit scores have been one of the biggest victims of the financial crisis and the recession. Anyone with poor credit scores will definitely know what a low credit score can cost you.

Credit repair services can improve your credit enough to lower the rate of interest, which can result in saving you thousands of dollars on a loan. When making an essential purchase, such as buying a car, it’s vital to make sure your credit rating is as its best in order to get the best rate and terms possible. Bad credit can land you up in problems and have a considerable negative impact on interest rates or loan approval.

How credit repair services work?

The credit card repair services have been around for a couple decades with better known rules surrounding credit repair and know how to handle those rules to either raise your credit score or give you your money back. The legitimate credit repair agencies will state what quickly repairable issues to look for, how to approach your credit issues and then will submit the appropriate challenge, dispute, or intervention letters to credit bureaus on your behalf, so that your credit rating can get upgraded. They will identify the mistakes, correct the appropriate information, get rid of negative reporting and monitor the creditors to ensure that your credit report is as accurate as possible and corrected accordingly.

Necessity of credit repair services:

  • Better car insurance policies: The policies that most car insurance company offer are usually based on the clients’ credit reports. For example, you will end up with a reasonably priced car insurance policy if your report suggests that you are late with paying other accounts. Thus, credit repair services can clean up your credit rating and help you get considerable savings over the duration of your policy.
  • Better car loan or mortgage facilities: A low credit score can put a negative impact on getting different car loans. You may not get the desired loan amount or land up paying greater interest on your loans for the lifetime. A bad credit score can lower your credit limit, thus making the loan even more pricey for you. But a report with good credit score will increase your chances to get your own desired vehicle.

A higher credit score can help you with: lower interest rates on your credit card, get approved for low interest loans and lower insurance rates on your car. So, it’s important to keep your credit score in good condition. The higher your credit score is, the lower your interest rates are. There are a handful of benefits that come along with a credit score repair. So, open that door, hold out your hand and grab hold of those opportunities with a credit repair.

How to Improve Your Credit Rating – 5 Easy Steps

How to Improve Your Credit Rating – Follow Just 5 Easy Steps

Credit scores are like report cards for grown-ups. This is a three-digit grade which signifies a person’s creditworthiness towards banks, insurance companies, landlords, lenders and even to some car loaners. These are mostly used by loan companies to help them determine whether or not you are a good risk and if you are likely to repay any loan taken out. Whether you are buying a car, renting an apartment or taking a loan, you need to make sure that your credit score is at its best. One has to build a great credit history to pass for a good credit. Unfortunately, there is no magic trick that can pump up your score by a certain number of points. Building a good credit takes time and good habits. However, there are few things that can do raise the score of your credit. These are:

Step 1: Check your credit report

Check your credit report to see exactly which place needs improvement. Do your debt utilizations too high or did you missed payments? Tackle your dues first, request a free copy of your credit report and check the errors. Check the reports for errors and fraudulent accounts as well. If something is incorrect, dispute with credit bureau. This could helps increase your credit report a bump higher.

Step 2: Pay Off Debt

Reducing the overall debt is an effective way to jack up your credit score. Reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. Stop use of your credit cards, ask for funds from friends or relatives and clear your debts. Check your recent credit card statement to make a list of your debt and interest rated on that. Secondly, you must give prime focus to credit utilization, as it will help you measure the amount of debt. Create a plan, evaluate your expenses and reduce your debt to improve your credit utilization portion.

Step 3: Fix your collection accounts

Collection stays for a long time on the credit bureau, and even you forgot about their first position! This is the very aspect that can have a harsh effect on your credit score. So, check it, fix it and get rid as soon as possible. Get in touch with credit bureau and the party to resolve the issues and have a fair report. This will eventually increase your credit score and prove you to be liable for any loan.

Step 4: Build good credit by following guideline

Moneylenders or bankers check the credit score to find out your financial faithfulness Therefore, maintain good credit habit to improve your score and prove credible.

  • Make your payments on time.
  • Keep your old account open.
  • Lower your balance on credit card.
  • Set-up payment reminders.
  • Use your card regularly
  • Annually check your credit reports.
  • Avoid applying for new credit cards

Step 5: Get a secured credit card

Get a secured credit card to quickly build a payment history. These cards are backed by cash depositing that is parallel to the limit of credit. You could easily get the approval, as money already their in your account. Double-check to ensure that the card is truly a credit card. Although, unsecured card carries more positive weight than a secured one. You could easily upgrade the secured card into an unsecured one after few months. This would sincerely give a boost to your credit score.

Summary:  How to improve your credit rating

Follow the steps listed above, and build a credit score which you were missing. These 5 tips will give this impression to financial institution, and therefore increase your chance of borrowing. But, you have to keep patience, as it cannot be achieved overnight.

Who buys used cars from Lucky’s?

Who buys used cars from Lucky’s?

Lucky’s Auto Credit helps all kinds of people buy cars. On top of the customers who have good credit, we understand that good people can get into tough situations due to medical bills, bankruptcy, and divorce, resulting in credit problems which can make it difficult to get approved for financing of any kind.

You are Not your Credit Rating

Your credit situation does not define who you are. At Lucky’s Auto Credit, you are treated as an individual, not just a credit rating. Our sales professionals will discuss with you the vehicles and loan terms that work for you. Remember, no matter who you are or what your credit situation, we will treat you with dignity and respect. Lucky’s Auto Credit is an equal opportunity lender.

It Takes Time to Rebuild your Credit

One thing to keep in mind as you begin to rebuild your credit is that it will take some time and effort on your part. It won’t happen overnight, but if you are serious and work at it, you can turn it around. At Lucky’s Auto Credit, we can help.

Meet our Customers

Who buys used cars? View our testimonials page to see our extensive list of happy customers! We work very hard to go the extra mile for our awesome customers, and we’re looking to establish a long term relationship to be your car dealer of choice. We’ve had customers so happy they got approved that they buy 5,6, and 7 cars from us!

Low Down Payments

Low Down Payments

If you’re looking for a used car dealer in Utah that offers low down payments, you’ve found one of the best.  We specialize in low down payments and the average hovers around $77-$300 down.  A large amount of our customers get approved for $77 down.

What are the required down payments to buy a used car at Lucky’s Auto Credit?

Our locations start at a $77 low down payment. This depends on the vehicle you pick as well as a few other factors. For example, we want to make sure you can afford the car and the payments. The lower the down payment, the higher the monthly payment, so we help you by showing you if you make enough money to afford your payments. Our goal is to see our customers succeed!

Common questions we get when people come in with $77 down is that they expect to qualify for every car on the lot with that down payment. While we frequently do down payments on expensive cars for $77 down, it’s not always the case and it really depends on your income, stability, and job history.

Still Confused?

As an example, if you qualify for a $6,999 price car at $77 low down payment, but you decide you really want the 4-door 4×4 truck that costs $16,999.  If your budget can’t support the higher payment, then you’ll need to put more money down until the payment is affordable.  Some people do this with stored up savings, tax refunds, borrowed money from friends and family, or they save up over time. We never want to put a customer into a car they can’t afford.  That doesn’t help the customer, and it definitely doesn’t help us.

Ok, I get it.  Where do I start?

To know for sure, you just need to come in to one of the Utah car dealerships and do a 5 minute application. We’ll have you approved and let you know which cars you qualify for and explain our low down payments.

How to Take Care of a Car – Top 5 Things

How to Take Care of a Car: Top 5 Things

Owning a car could be a symbol of your style and status. But a routine maintenance procedure is quite essential for maximizing the reliability, safety and protecting your investment as well. Your car won’t magically take care of itself. For it, you should start reading the recommendations and maintenance tips by the automakers in the magazines or Internet. Next, you would be need of a good repair shop where you get essential tips from the certified technicians.

With a few tips and alertness, you could keep your car free from the troubles. Listed below are some of the important car maintenance basics that would help your car to run smoothly and stay ready for every road battle.

  • Check out all the fluid levels: Nothing could affect the engine’s performance faster than the negligence in oil-level checks. So, see if the oil levels, including engine, brake, power steering, and transmission is up to the mark.
  • Take care of the cooling and heating systems: Flush the cooling system of your car and change it once in a year. Keeping the cooling system in a good shape help prevents the corrosion and harmful deposits inside it. Both heating and cooling performance is crucial for interior comfort and safety reasons like defrosting. It should be taken care of properly to function well.
  • Check the battery and exhaust system: Battery is the key component of a car’s electrical system. Regular maintenance of battery could avoid unwanted troubles and saves a lot. Make sure that all the connections are tight, corrosion-free. Exhaust leaks could be dangerous that is why it must get corrected before anything happen. If you heard any kind of unusual noise, then there might some damage, leaks, or broken parts. So, inspect it carefully before you start a long trip.
  • Check out the brake and suspension: Brake is one of the most important parts of a vehicle so as the suspension. So, have an annual check and keep an eye on the brake linings, drums, and rotors at each oil change. Also make an intensive check for the shock absorbers, struts and chassis parts including tie rod ends, ball joints, and other major components. It would extend the life of your car’s tires.
  • Check the tires and lights: Check the pressure on a regular basis, as the uneven wear would cost you for a wheel alignment. You should also check for bulges and bald spots. Do make sure that the lights are working properly. Because it is important for your safety while driving at the night time. Checking other electrical components like horns, wipers, etc. to ensure they are functioning accordingly.

The above mentioned basic car care tips could assure safety and a better performance. To obtain the best result, you could hire the service of a reliable source, so that you go well on your way.

How to Buy a Car

How to Buy a Car: Here’s What you Need to Know

Now that you are moving out of your comfort zone and actually willing to buy a car on your own; you will be needing a lot of help. Today, people make decisions hastily, unknown and unprepared about the many nuisances of making a deal. Eventually, most end-up buying a car they didn’t want and possibly at a higher price than they should have.

However, to make things easier, this article will focus on streamlining the complete car buying process in-to easy steps and help you land on a position to make an informed decision.

Choose the Car You Need!

You will find hundreds of make and design; each better than the other! But, you need to choose the model beforehand. Pick a car that fits your needs, lifestyle and budget. Narrow down you list to under five. Also consider the number of seats, size, performance, comfort, head-room and leg-room. Do a thorough research on the Internet, read blogs, review. You could go for a side-by-side comparison.

Know What You can Afford:

Soon after you choose your dream car, its affordability may start to get blur. Its many financing options will make things confusing or even worse. A wise man should figure this intricacies way before going for the purchase. He/She must be honest with the budget, needs and choose only the ones within the price range. Take into account you current car; its exchange value or sell value; calculate your down-payment; what you can afford to pay every month as well as for what duration. Don’t become greedy or impulsive; keep an open mind!

Find Financing:

First, check your credit rating! If have a good rating, you are more likely to find a number of beneficial financing deals; like, getting a zero-percent interest finances. On the other hand, if you have a bad credit rate, you may wish to consider trying a buy here pay here car dealership which offers special financing options for those who can’t get financing elsewhere. So, make up your mind and choose the financing that fits your situation best.

Warranty:

You might be lured into buying an extended warranty; however, be wise because the type of contract vary greatly based on the company.

Insurance for Car:

Car insurance is essential, sometimes mandatory according to some laws in the state. For sports cars, turbocharged, supercharged and four-wheel drive vehicles, the insurance rate is higher, typically because of larger engines. Check rates with your insurance before making your purchase and if possible negotiate the price; you will save a lot.

These top tips will definitely get things moving. You should also talk to your friends, family members and neighbors to get real insights on local dealers. It will help a lot if you talk to someone who is experienced.

In Summary, how to buy a car is as much research as anything else.  Do your homework and check out all your options.

What is a Doc Fee?

Explaining Doc Fees in Detail

Doc Fee?  When it comes to buying a new or a used car, the price tag that you see kept on the top of it is not the only amount you have to pay to own it. A host of other charges applies as soon as you agree to own that piece of automobile such as licensee fee, title fee, sales tax, and various others. Dealers often add many other kinds of charges and this increases the selling price to several hundred dollars extra to what was initially agreed on. Hence, the final out-of-the-door prices that you are going to pay can be anything. These additional charges are often referred to as “doc fee” or “documentation fees” and it is highly suggested to determine them prior to making the full payment.

What is a Doc Fee?

Although the introductory paragraph might have given you a glimpse of doc fee, here is a complete explanation of what it actually is and what are its capacities.

A doc fee, also known as documentation fee, conveyance fee, or document fee – is the additional fee charged by car dealers for processing the vehicle’s paperwork. The fee covers the cost of all the big and small documents that get evaluated in the process such as the DMV, registration, preparation fees, VIN etching, etc.

Is it legal? How can you know it is not fraudulent?

In most of the cases, the doc fee is not regulated by the dealer, but by the government. The dealers make a profit from the car that they sell to you at its selling price. Whatever money you are paying additional for the paperwork of the vehicle goes to the several departments of the government. However, if you are in a place where the state government does not regulate the fees, the dealer can hit any price on you.

Is it negotiable?

Generally, the doc fee is not negotiable. Only the selling price of the new or used car that you are going to purchase is negotiable. The doc fees are generally capped by Government and dealers are not allowed to make any changes to it. For those areas where dealers are regulating the fees, they might be negotiable.

Is it necessary to pay them?

The answer is a definite ‘yes’. The documents include the legal certificates and registration copies of the car that makes you eligible to own or drive it. You must ensure that all kinds of taxes, fees, and prices are paid before you take it out on the road. Because, if you get caught driving the vehicle with no or incomplete documents, you might have to pay a hefty fine.

Therefore, while purchasing the car, always ask the dealer for its overall price. This will include the selling price of the car, doc fees, sales tax, and other charges. Make sure with the dealer that no new fee crops up later that will modify the price. In case it does, you always have the option of shifting to some other honest dealer.

Used Cars and Trucks in Utah – What types do you sell?

Used Cars and Trucks in Utah

We have the used cars and trucks in Utah that you’re looking for.  Need a Sedan? SUV? Minivan? Truck? We have many used cars and trucks in Utah, across locations in Ogden and Salt Lake City, Utah. We carry automobiles of all types, years, and mileages and will help you get exactly what you need. Every vehicle passes safety and emissions and is serviced and cleaned at our own in-house service center, so you can be sure of clean, safe, reliable transportation.

Perks of Buying a Car from Lucky’s

Each vehicle includes a 24 Month/24,000 Warranty, Oil Changes, and Safety & Emission inspections, so you can rest assured your purchase with us is protected and will last as long as possible.  If you’re shopping for used cars and trucks in Utah, apply now!

Excellent Selection

With the variety of weather in Utah, we realize that you need a selection to choose from.  Whether you need to travel through snow or mountains, or if you need a commuter car that gets good gas mileage, we carry it all.

View our used car inventory.

Below is a list of used vehicles we typically sell:

Acura
Audi
Buick
Cadillac
Chevrolet
Chrysler
Dodge
Ford
GMC
Honda
Hyundai
Infiniti
Jeep
Kia
Land Rover
Lexus
Lincoln
Mazda
Mercury
Nissan
Pontiac
Saab
Saturn
Subaru
Suzuki
Toyota
Volkswagen

Why Do I Have a Bad Credit? And, How do I fix it.

Why Do I Have a Bad Credit?

You work hard to make sure that your credit score remain high, right! Unfortunately, all your hard work could be hurt by seemingly small things that could give a big impact on your credit history. From parking ticket to auto loans, irresponsibility could take down your credit score. Credit score is a tricky thing and some harmful action or behaviors can terribly impact your credit. Having a blemished credit history is likely to mean you are turned down when you apply for car loans or borrowing money, giving rise to think that your credit is blacklisted or bad credit rating. By understanding the biggest mistake determine or reduce problems that might affect your credit. Here are some of them:

Making late payments

Your credit history accounts 35% of your credit score. Late payments records hamper your ability to finance major purchases such as a car as much as a personal credit history full of mistakes. So, if you fail to make debt repayments on time, it will show a red flag to credit agencies.

Closing card account

Closing credit accounts is a bad idea to boost credit scores. A closed credit account will fall of your credit report sooner than later. The positive history associated with a account is removed from the credit report, if the account is closed. Credit history counts for 15% of FICO score. So, the one with younger credit are more risky then consumers with older history.

Over utilization of your available credit card limit

If you wish to establish a bad credit, charge your credit upto their limit and keep them there. Apparently not, because high balance on your credit cards takes your credit score down. The credit score is based on ratio of total, debt to total available credit. Your credit balance goes up, your credit score goes down. So, try your best reduce the percentage and pay them down as much as possible.

Error in credit report

Mistake on your credit report, which lenders check is an important part of credit score process. If there is some error in credit report related to debt or dues that does not apply on you then report the reference agency immediately. If you spot some case of fraud in your name without your acknowledgement then report to get investigated and removed.

Filling bankruptcy

Last but not the least, Bankruptcy is an undisputed champion in destroying an excellent credit rating. This undeniable one of the worst thing, which can cause a lose of 200points in credit score. It may take 10 years to fall from your report, but the impact will lessen over the time. Filling bankruptcy is like pushing a financial reset button. This is an important decision and needs precise concern and information. Take helpful suggestion before filling one.

If you see anything on the list you know you’re guilty of? Start taking necessary steps to properly address the problem as soon as possible. Be consistent in paying down bills and debt on-time and create a clean bill of credit.

How to purchase a vehicle – What are the requirements?

What are the requirements for purchasing a vehicle at Lucky’s Auto Credit?

The requirements are EASY! To purchase a car at Lucky’s you will need a valid Utah Driver’s License, a piece of mail like a utility bill or something similar that shows evidence of your name and address, and your most recent pay stubs or proof of income. You will talk to one of our friendly sales professionals and we’ll show you vehicles that fit your budget and credit situation. It’s easy to understand how to purchase a vehicle at Lucky’s Auto Credit and it only takes a few minutes. We have very convenient utah dealership locations in Utah to serve you: Ogden and Salt Lake City.

Do I have to have Good Credit?

We don’t require good credit, or any credit at all. In fact, we don’t care about your credit history at all. Your approval is based on a stability assessment that your salesperson goes over with you. Most people are amazed an how much they qualify for, and how little money they need to put down.

Our Goal is to Help You

At Lucky’s Auto Credit we want the vehicle and the loan to fit your specific needs. Fill out an application here to see if you pre-qualify! It’s the easiest way how to purchase a vehicle with bad credit in Utah!

Used Cars & Trucks in Utah: Makes and Models

Resources:

Used Cars & Trucks in Utah
Can I get a Car Loan with Bad Credit?
View All Used Cars
Utah's Auto Shop
Referral Program

Acura
Audi
Buick
Cadillac
Chevrolet
Chrysler
Dodge
Ford
GMC
Honda
Hyundai
Infiniti
Jeep
Kia
Land Rover
Lexus
Lincoln
Mazda
Mercury
Nissan
Pontiac
Saab
Saturn
Subaru
Suzuki
Toyota
Volkswagen


* 77¢ down offer approval is based on job and residence stability, & ability to afford payments. While supplies last.

No information contained herein can be relied upon as legal, tax or any other type of professional advice. It is for general informational purposes only and does not apply to your particular set of circumstances.
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