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Your ads say “guaranteed” credit approval? What’s that all
about?
At rod Shop Inc. we work with dozens of lenders both local and
national that specialize in offering financing to people with
past credit issues. While many dealers can offer some choices
for credit, we have lenders willing to work with you regardless
of your credit or employment history. If you can prove you make
just $1,000, we will do our best to find a lender willing to
work with you!
What if I had to file bankruptcy?
We have lenders who focus only on financing for customers who
have filed bankruptcy. Even if your bankruptcy is not yet
discharged, we can often get you approved right away!
Do you require a big down payment?
Some of our lenders will require you to put money down. Every
case is different. We have many lenders who will accept a
smaller down payment. Of course, a bigger down payment will
often help get you a better rate and approval and will always
lower your loan balance.
Will financing a vehicle through Rod Shop Inc. help improve
my credit?
Absolutely! We only use lenders who agree to report your loan
performance to the national credit reporting agencies. That is
something you need to help improve your credit. Most buy-here
pay-here dealers do not report to your credit report.
You told me I am approved, but that I can’t buy the vehicle I
want? What gives?
Every lender has different criteria for both customers and
vehicles they are willing to finance. Sometimes, the car you are
looking at won’t work with the bank’s guidelines. It might be
too old, have too many miles, be a restricted vehicle, cost too
much or even cost too little (yes, some banks have minimum loan
values). And every once in a while, your budget may not
accommodate the kind of vehicle you are looking for. We will do
our best to match your approval with vehicles that work and that
you would like to drive.
Why do I have to provide all kinds of documents like phone
bills, paystubs and references?
Our lenders want to verify that the information we provide to
them is true, that you live where you say you live, work where
you say you work and can afford the payment they have approved
for you. Don’t feel singled out -- our lenders require this of
most customers and your privacy is always protected by our
privacy policy and both state and federal law.
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