Do you have a bad credit history? Are you having trouble getting a dealership to take a chance on you? You aren't alone. In these tough times when jobs are scarce and the economy is up and down, but mostly down, it can be brutal trying to find a car when you need one most. Even in Kansas City, where dealerships are plentiful, it can be hard to find a Kansas City bad credit car dealership who works with buyers who have a less than spotless credit history. But, they are out there; it just takes a little looking around to find them.
If you have little or no credit because of poor choices in the past or because you were hit hard during the economic downturn, there is no reason you shouldn't be allowed the opportunity to rebuild your credit. In Kansas City, bad credit car dealerships know how to work with prospective buyers like yourself so that you can be driving off the lot in a new pre-owned car in no time. With in-house financing, these dealerships are eager to give you that chance you've been waiting for and just like you, they want to see you driving off happy, able to do what you need and go where you want.
Kansas City and the surrounding communities have become some of the most commuted areas in the country. If you live in Kansas City, but work somewhere like Olathe, or Lawrence, you must be able to have a dependable ride to get you back and forth. And, while family, friends, and co-workers may offer to give you a ride, there's no guarantee that one day they won't be able to because of illness, obligations, or their own car trouble. It's important to have the security of your own vehicle. Not only that, if you are someone who needs to rebuild their credit history, paying for a car is one of the best ways you can do this.
Don't let the fear of hearing a no stop you from pursuing your need to have a dependable car. In Olathe, there are bad credit car dealerships just waiting to help you turn your situation around. With a down payment and as little as three months proof of income, residency verification, a Kansas driver's license and the ability to have full coverage insurance or being willing to sign up for an in-house program that provides additional coverage with your liability, you can be driving home today in pre-owned vehicle that's in like-new condition, taking charge of your life once again.
Showing posts with label You. Show all posts
Showing posts with label You. Show all posts
Saturday, August 4, 2012
Tuesday, July 17, 2012
Which Type Of Credit Card User Are You?
From a consumer perspective, credit cards can be a safe and useful way to pay for things, whilst simultaneously building a decent credit score. However, a lenders perspective takes into account what kind of spender you are. Keeping reading to discover what type of credit card user you are and what kind of credit card habits you are associated with.
The Responsible User
If you are a responsible user, you are disciplined and you stick to a reasonable budget. You rarely have to pay interest fees because you tend to pay your balances in full and on time every month. As a result, you have an excellent credit score and never have to pay additional fees for late or missed payments.
Although lenders don't make money from responsible users in terms of interest rates, they still profit because they make money from transaction fees. Responsible users are viewed very favorably by lenders because they can be relied on to pay back everything they borrow, which means that lenders have more funds available to lend to other users.
The Minimum Payment User
Minimum payment users don't often pay their balances in full. They do, however, pay their bill on time each month by utilizing the minimum payment option. Sometimes they pay a little more than the minimum payment, but they usually carry some kind of debt around with them for years at a time.
From the perspective of credit card companies, these customers are very profitable to have around. They rarely pay their balances in full and therefore, they are usually charged interest fees. This is where credit card companies make most of their money.
The Shopaholic User
Shopaholics like to spend. Unlike the Responsible User, the shopping lovers are more likely to exceed budgets and credit limits. They are very likely to accumulate large credit debts that take a long time to pay off.
Credit card companies benefit from this type of user because they can be charged higher interest rates as well as late or missed payment fees. For this reason, any purchases will end up costing considerably more than The Shopaholic User bargained for. Big spenders are advised to stay away from credit cards and opt for cash or debit instead.
The Beginner or College User
Young people, such as college students, often obtain a credit card but have little understanding of how to use it properly. With very little income and only a small budget, the young borrowers could benefit from low credit limits. By charging only one or two small purchases a month to their credit card, beginner users can begin to build up their credit score even if they are not earning much.
From the lenders perspective, beginner's users can be profitable as their lack of awareness can lead them to make costly mistakes, such as using their credit card for cash advances or missing payments. In this way, lenders are able to victimize novices for their innocence and inexperience.
The Former User
If you are a Former User, you probably have a few credit cards which you keep open but, for one reason or another, you no longer use them. This could be due to previous problems with debt or dissatisfaction with credit cards in general, changes in income, or perhaps recognition of the risk of over-spending. Sometimes these users will use their credit cards for emergencies only and sometimes they will never use their cards again. They tend to keep their account open because it contributes to their credit score.
Credit card companies miss these users and often attempt to entice them back with special offers and incentives. This is especially the case if the user was previously a Responsible or Minimum Payment user.
Lenders love credit card users who will make them money. These tend to be those who are vulnerable to high interest rates, such as Shopaholic Users, or those who make innocent mistakes, such as beginners. The Responsible Users, who pay their bills in full every month, help to keep the credit card companies running smoothly by ensuring that lenders have a constant supply of funds to lend out to those they can charge with high interest fees.
The Responsible User
If you are a responsible user, you are disciplined and you stick to a reasonable budget. You rarely have to pay interest fees because you tend to pay your balances in full and on time every month. As a result, you have an excellent credit score and never have to pay additional fees for late or missed payments.
Although lenders don't make money from responsible users in terms of interest rates, they still profit because they make money from transaction fees. Responsible users are viewed very favorably by lenders because they can be relied on to pay back everything they borrow, which means that lenders have more funds available to lend to other users.
The Minimum Payment User
Minimum payment users don't often pay their balances in full. They do, however, pay their bill on time each month by utilizing the minimum payment option. Sometimes they pay a little more than the minimum payment, but they usually carry some kind of debt around with them for years at a time.
From the perspective of credit card companies, these customers are very profitable to have around. They rarely pay their balances in full and therefore, they are usually charged interest fees. This is where credit card companies make most of their money.
The Shopaholic User
Shopaholics like to spend. Unlike the Responsible User, the shopping lovers are more likely to exceed budgets and credit limits. They are very likely to accumulate large credit debts that take a long time to pay off.
Credit card companies benefit from this type of user because they can be charged higher interest rates as well as late or missed payment fees. For this reason, any purchases will end up costing considerably more than The Shopaholic User bargained for. Big spenders are advised to stay away from credit cards and opt for cash or debit instead.
The Beginner or College User
Young people, such as college students, often obtain a credit card but have little understanding of how to use it properly. With very little income and only a small budget, the young borrowers could benefit from low credit limits. By charging only one or two small purchases a month to their credit card, beginner users can begin to build up their credit score even if they are not earning much.
From the lenders perspective, beginner's users can be profitable as their lack of awareness can lead them to make costly mistakes, such as using their credit card for cash advances or missing payments. In this way, lenders are able to victimize novices for their innocence and inexperience.
The Former User
If you are a Former User, you probably have a few credit cards which you keep open but, for one reason or another, you no longer use them. This could be due to previous problems with debt or dissatisfaction with credit cards in general, changes in income, or perhaps recognition of the risk of over-spending. Sometimes these users will use their credit cards for emergencies only and sometimes they will never use their cards again. They tend to keep their account open because it contributes to their credit score.
Credit card companies miss these users and often attempt to entice them back with special offers and incentives. This is especially the case if the user was previously a Responsible or Minimum Payment user.
Lenders love credit card users who will make them money. These tend to be those who are vulnerable to high interest rates, such as Shopaholic Users, or those who make innocent mistakes, such as beginners. The Responsible Users, who pay their bills in full every month, help to keep the credit card companies running smoothly by ensuring that lenders have a constant supply of funds to lend out to those they can charge with high interest fees.
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