What should I do if my auto loan application got denied?

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What should I do if my auto loan application got denied?

Tara Dunning Answered question March 19, 2021
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The primary reasons for having your loan application rejected is if you have zero credit history or bad credit. If it’s the former, you could start building good credit now. If it’s the latter, it can be bit tricky, but still doable.

You might want to figure out first what caused your bad credit in the first place. If you think you’ve been paying your bills on time or don’t remember doing anything serious to jeopardize your credit rating, it could be that some records on your file might have been there by error. It pays to hire professional help to have them disputed and possibly removed.

In some cases, it can be because a lender might have some bias against your gender, age, or race, which is against the law.

Be informed of your rights as a borrower as well as useful tips to improve your credit score by visiting CreditRepairReviews.

Tara Dunning Answered question March 19, 2021