Lucky for you, our finance team at Pick the Payment has solid advice for all of you 20 Something’s. We’ve been through it all and have the financial know-how to keep your credit score up and provide an excellent fiscal foundation for your future. Because after all, it is your foundation. A lot of credit mistakes at 25 will make it extremely difficult to get a loan at 30. Or even 26. These mistakes just don’t “go away”. The best way to avoid them? Follow these simple rules laid out by our Pick the Payment advisors:

Rule #1: Always Pay on Time

Late payments don’t just reflect irresponsibility; they can cost you money too. Late fees range by loan, but paying an extra $10 or $20 can quickly add up over time. A history of late payments isn’t exactly what a potential creditor wants to see, and it will have a drastic effect on your credit score. Write down your due dates on a calendar and send payments accordingly.

Rule #2: Pay More than the Minimum Payment

The amount you pay is just as important as when you pay. If you’re putting over $100 a month on your card, paying the $20 minimum is digging yourself into $80 worth of debt per month. Multiply that by a year and you’re looking at almost $1,000 of new debt. From one card. The “responsible feeling” of making a payment isn’t just sending the minimum. Lower your principal balance and avoid paying high interest by putting less on the card and paying more every month.

Rule #3: Avoid Department Store Cards

Everyone has been there: “Would you like to save 20% on your purchase today by opening an Xstore credit account?” The $14 you saved that day is not worth the high interest and constant money pit a department store card truly is. If you go into a store with cash, you’ll only get the one pair of jeans you came for. When you have the Xstore’s credit card, the “why not?” mentality takes over and you buy three shirts, a jacket, and some socks. Then a month later you don’t feel like paying for them and the cycle begins.

Rule #4 Watch Your Income – Spending Ratio

It’s easy to overspend in your 20’s because there are so many things you haven’t tried yet. But if you want to eliminate the stress of debt and credit woes, manage how much you make a week and how much you can spend. It’s that easy. This much goes to rent, this much to food, this much goes to credit cards, etc. Getting your 3rd, 4th, and 5th credit card for “extra money” is not the answer because you’re spending money you don’t have. You will have to repay it all one day, and your 30-year-old self does not want to pay for fun you had five years ago.

There is no better time to start cleaning up your credit than right now. If you happen to need more advice or would like assistance with a car loan today, contact our Pick the Payment loan specialists. Your 20’s are meant to be a great time in your life; make them even greater by paying attention to your credit.

When you get a new or used car loan with bad credit, you may have to pay a higher interest rate due to the risk that the bank perceives. After you get your car loan and begin making regular monthly on time payments, your credit score should slowly begin to improve (barring that there are no other factors that would negatively impact your credit score). Continue to make on time payments on your car loan to ensure that your credit score doesn’t drop later due to a late payment.

Pick the Payment has car loans available for those who are trying to improve their credit. If you have been turned down by others and you need to get yourself in a car, contact Pick the Payment! We will send you to one of our authorized dealerships to get you a Pick the Payment car loan. Give us a call today!

Whether you live in Country Club Hills, Illinois or you just happen to drive through on 167th St or you just visit often, if you are in the area, we may be able to help you get into an affordable monthly car payment with little or no money down.

Pick the Payment has an easy car loan approval process that takes just a minute or two. No social security number is required! Joliet car shoppers love getting a great deal with Pick the Payment and have been ranting and raving about their car buying experience! Our authorized car dealers are all reputable car dealers and can be trusted to give you a great deal.

Please fill out our free car loan application form to get the process started, or just call us directly at 800-452-1750.

PICK THE PAYMENT-CHICAGO CAR LOAN

Some great news for new car shoppers in Chicago who may have poor auto credit- new car loans are on the rise and moving faster than ever for Pick the Payment customers. If you have been searching for a new car and have been turned down by dealership after dealership, good news is here. Pick the Payment dealers are seeing an increase in loan volume for all of their new car customers who have challenged credit.

Manufacturers it appears have been lowering their lending criteria so that more consumers who are interested in buying new vehicles are able to do so. In fact they may be double digit increases at some locations throughout the country. World Hyundai in the Matteson Auto Mall is one location that is seeing a big lift in new car loans to customers looking to buy a new car or truck. General Manager Tom Primbas said that he sees a noticeable improvement in the ability of the finance department at World Hyundai to get more customers financed on new vehicles than he saw last year at this time.

That’s good news for dealers and good news for customers who want to get into a vehicle and want to rebuild their credit through the purchase of a new car. Pick the Payment is pleased to have World Hyundai Matteson as a premier dealer helping customers realize their dream of owning a new vehicle. For more information on World Hyundai Matteson located in the Matteson Auto Mall visit us today.

Don’t hesitate and act now! Our car dealers have hundreds of vehicles to choose from in their pre-driven inventory. We have used cars available for customers across Illinois, including in and around the cities of:

Before you shop for your next car, visit Presto Dealer Reviews to get updated information on the dealer you plan to visit. At Presto Dealer Reviews, customers just like you have who have already shopped at the local car dealership have written a review of their experience. This allows you to see just what they had to say about a dealer that you may have been planning to buy your next car from. Don’t make a huge mistake-see what your neighbors have said and then make your decision.

Presto Dealer Reviews has the information you need!

Pick the Payment was founded on the idea that every customer is different and every customer has a different car payment need. Most need a low car payment…we really do understand this and so do our network of auto dealers. They purchase inventory that makes sense for today’s shopper.

It hasn’t been easy recently for most consumers and Pick the Payment auto dealers want to do everything they can to get you into a car payment that fits your individual or family budget. It starts with having the best auto loan lenders in the industry followed by the best network of auto dealers. Let our low car payment experts match you with a vehicle that makes sense for your budget.  Our car dealers really do care about making sure that you get the right car payment.

• no money down programs available
• no car credit is ok
• bad auto loan credit is ok
• upside down trade ins are ok
• no proof of income is ok
• no co signer loans are ok

No other company will work as hard as Pick the Payment and its network of car dealers to get you into a low payment car loan today!