1.How can I build my credit ?
2.Does buying a pre-owned vehicle really help me reestablish my credit ?
3.Where should I send my payments ?
4.What are Autojax's Finance hours of operation ?
5.Can I buy a car for my wife/son/daughter ?
6.Can I trade-in my car before the last payment ?
7.Can I pay late ?
8.Can I pay ahead ?
9.What happens when I apply for a personal loan?
10.Will I need a co-signer?
11.What terms of financing should I know before I sign?
12.What happens if I am late with my payments?
 
1.How can I build my credit ?
Building a good credit history is essential to anyone who expects to make major purchases or start a business. Building good credit is actually easy to do - if you pay on time !
We report monthly to all the major Credit Bureau Companies !



2.Does buying a pre-owned vehicle really help me reestablish my credit ?
Yes, when checking with the credit bureau, many lending institutions look at automobile loans
closer than any other type of loan (other than home loans) to verify your credit standing. Secured credit cards are no help at all--you are really borrowing your own money with the glory of having a piece of plastic in your wallet. Buying a car from a "buy here, pay here" lot that does not report to the credit reporting agency is simply not very smart because it does not help your credit record at all.


3.Where should I send my payments ?
Please send your payments (check or money order) directly to :
Autojax Finance, LLC
5023 Bowden Rd.
Jacksonville, FL 32216

Don't forget to add your full name and account number !!!

4.What are Autojax's Finance hours of operation ?
We are working Monday to Saterday 10:00am-7:00pm
We have a drop box for after hours payments (no cash) .


5.Can I buy a car for my wife/son/daughter ?
Yes, but you need to contact one of our dealers.
Call Autojax Finance, LLC (904) 994-4375 for the list of our dealers.

6.Can I trade-in my car before the last payment ?
Yes, the dealer should contact us (904) 994-4375 to get the payoff amount
(good for 10 days).

7.
Can I pay late ?
Sorry, paying late will cause a bad credit and late charges ...

8.Can I pay ahead ?
Of coures and you'll save interest !!!

9.What happens when I apply for a personal loan?
You will be asked to complete a credit application that may include: your name, social security number; date of birth; current and previous addresses and length of stay; current and previous employers and length of employment; occupation; sources of income; total gross monthly income; and financial information on existing credit accounts. Information about you and your credit experiences, such as your bill-paying history, the number and type of accounts you have,
late payments, collection action, outstanding debt, and the age of your accounts is collected from your credit application and your credit report. Your credit history helps predict how creditworthy you are - how likely it is that you will repay a loan and make the payments when due. The creditor's decision to loan you money is based, in part, upon what appears on your complete credit application and your credit report.

10.Will I need a co-signer?
A co-signer may be needed if the borrower has:
not applied for credit before; an income level too low to qualify for the loan; seasonal or sporadic income, a weak credit history; or excessive financial obligations. A co-signer assumes equal
responsibility for the loan. The account history will be reflected on the co-signer's credit history as well. You should exercise caution if asked to co-sign for someone else.
Understand the terms and conditions before you co-sign and keep a copy of the loan contract.
The Federal Trade Commission's Credit Practices Rule requires creditors to advise co-signers about his or her potential liability if the other person fails to pay.
State laws can vary in consumer protection provisions relating to co-signers.

11.What terms of financing should I know before I sign?
Take the time to know and understand all of the terms, conditions, and costs of a loan before you sign the contract. Review your credit application and loan documents carefully. Ask questions about any items you do not understand before you sign.


12.What happens if I am late with my payments?
Creditors understand that circumstances such as unemployment or illness can make it very difficult
to meet bill payments. If this happens to you, contact your creditor, explain your situation and work out a repayment schedule. You also might be offered the option to "refinance" or "renew" your loan. Keep in mind that early or frequent renewals can significantly increase the overall cost of your loan. Each time you refinance, you pay additional fees and interest charges. Refinancing should only be an option if it serves to benefit you and fits into your spending plan. If your situation requires outside help, contact a nonprofit budget and credit counseling agency, often called a consumer credit counseling service. These agencies can work directly with consumers and their creditors to help resolve debt problems.

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