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Available cars, available credit Without a doubt, the most important benefit of BHPH financing is that it gives credit-challenged people the opportunity to get much-needed transportation. Since they are generally used to purchase a used vehicle with a relatively short payback period, these types of loans are intended to be paid back easily in a timely manner, which in turn helps to re-establish a good credit rating. One of these things is a high pre-payment penalty. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. Your introduction to the world of Buy Here Pay Here financing Chances are that you've seen the words "Buy Here Pay Here" painted boldly across the windows of a local car dealership. In case of unsecured ones no security will be asked from you as collateral against the loan. Everyone knows that itís more difficult to get financed for a car loan when you donít have any credit or you have bad credit. By using new methods of handling your finances and avoiding old habits you can work on fixing bad credit after bankruptcy. What does Buy Here Pay Here mean? Despite being the fastest growing segment in the auto sales industry,.


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