The ways to raise a car loan.
Answers
Answer.
Unless you have been saving for a while, buying a new car (or even a pre-owned car that is new to you) will require a car loan. A car loan will finance the purchase for you, allowing you to make regular car payments with interest over a set period of time. Get a car loan by using financing plans at the car dealer or showing up at the dealer with your own approved loan from a financial institution.
1
Request a credit report. Wherever you shop for a loan, the amount of money available to you as well as the interest rate will depend on your credit scores; it is important to know these before you talk to any lenders.[1]
There are three credit bureaus in the U.S.: Equifax, Experian, and TransUnion. All three calculate scores separately and charge a fee to learn your number score. You are entitled to one free report (not including your score) annually, from each of the agencies.[2] You can request this online or reach out to each company by phone:
Equifax: 800-685-1111
Experian: 888-397-3742
TransUnion: 800-888-4213
2
Request a correction for any mistakes. If any of your credit reports record debts, late payments, or anything else that lessens your financial reputation, check against your own records and memories. You are free to dispute any false records or those you deem contestable.[3]
All of the credit unions have an option to dispute. Once you have requested a report online, click the "dispute" button. Enter any relevant facts and proof about the things you think are false. The source of that information (i.e. credit card companies, electric/gas providers, etc.) will be sent a notice and will verify your info within 30 days.[