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At a BHPH dealership, the process is usually reversed. However, these loans generally come with high interest rates and prepayment penalties. Over time, your credit score can improve. Instead of making monthly payments to a traditional lender, you make weekly or bi-weekly payments at the dealership. Buy-here-pay-here financing is best avoided if possible. 2. The last tip for fixing bad credit after bankruptcy. Despite recent headlines about the US credit-crunch, getting car credit is easier than you think. The key difference between a traditional dealership and one that strictly specializes in BHPH financing lies in the shopping experience. In fact, many traditional new and used car dealerships have started to offer BHPH financing as an option. High Pre-Payment Penalties Predatory lenders like to include things in their contracts that make it nearly impossible for you to refinance your loan. Opportunities to improve credit One of the ways to rebuild a credit history is to make timely payments on an installment loan. We've gathered the most relevant information about the Buy Here Pay Here world into one easy-to-read article. Because car loans are secured,

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