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In many cases, BHPH dealerships aren't just an option—they may be the only option when someone has been turned down by traditional loan institutions. Because car loans are secured, the interest rates are better than those on unsecured loans. Over time, your credit score can improve. It is important to keep credit limits low at first with the card though so that you know that you can handle the card. Updates will need to be made after your bankruptcy, so you should send information on your discharge to Equifax, Trans Union and Experian, the main credit reporting groups. You will get a chance to go through quotes from different lenders and select the most suitable for you. If your credit score is on the lower end of the scale or if you've had trouble getting an auto loan, a BHPH dealership should be one of the places you visit during a car search. What does Buy Here Pay Here mean? Despite being the fastest growing segment in the auto sales industry, there's not an official definition for Buy Here Pay Here in the dictionary. The dealer will ask you a series of questions, possibly run a credit report and invest in understanding your credit

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