BAD CREDIT
VS
GOOD CREDIT

THE DIFFERENT TIERS USED BY
THE BANKS BASICALLY RATE THE
OVERALL CREDIT AND THEN THE
CREDIT SCORE TARGETS THE
INTEREST RATE.

AS A RESULT THERE ARE MANY
LEVELS OF CREDIT.

PERFECT CREDIT EXCELLENT CREDIT GOOD CREDIT BAD CREDIT REALLY BAD CREDIT BAD CREDIT MAY HAVE SEVERAL 30 OR 60 DAY DELINQUENCIES BUT DOES NOT HAVE ANY VEHICLE REPOSSESSIONS, CHARGE-OFFS, FORECLOSURES OR BANKRUPTCIES ETC. SLOPPY CREDIT IS THE GENERAL TERM USED IN THE BANKING BUSINESS FOR THIS TYPE OF BAD CREDIT.

YOU WILL PROBABLY GET APPROVED
BUT THE BANK MAY RAISE YOUR
INTEREST RATE BECAUSE OF THE
DELINQUENCIES.

IF THE BANK DOES NOT RAISE YOUR
INTEREST RATE YOU CAN COUNT ON
THE CAR DEALERSHIP TO RAISE
YOUR INTEREST RATE!

IF YOU HAVE 30 OR 60 DAY
DELIQUENCIES YOU MAY BE BETTER
GOING TO YOUR CREDIT UNION
RATHER THEN FINANCING THROUGH
THE CAR DEALERSHIP.

YOUR CREDIT UNION WILL NOT
ALWAYS RAISE YOUR
INTEREST RATE.

THE CAR DEALER WILL!