Credit Rebuilding Programs

Understanding Bad Credit

Firstly, bad credit (subprime or poor credit) can happen for a number of reasons and does not make you a bad person. There are a number of factors that can influence a credit rating, determining how good/poor the credit rating score is. These factors can include late or missed payments with other creditors, bankruptcy, foreclosure (defaulting on a loan), no or little credit history, or having a poor debt to income ratio.

You may have a poor credit rating right now, but it doesn't have to stay that way in the future. It is possible to re-build your credit. One of the ways you can do that is through a subprime auto loan. Please contact the dealership at (866) 497-6167 and ask to speak with a Financial Services Manager to discuss the specifics of your situation.

Understanding your Credit Rating

There are three main credit bureaus, Equifax, Experian and TransUnion. Although they each use slightly different qualifications, typically the credit rating remains the same. Below are the following credit ratings.

Below are the following credit ratings:



Excellent Credit

740 to 850

Good Credit

680 to 740

Acceptable Credit

620 to 680

Subprime Credit

550 to 620

Poor Credit

300 to 350


First-Time Buyer

First Time Buyer Defined: an applicant with no previous automotive credit experience or an applicant with "thin" credit history (credit bureau with less than 3 open credit lines, less than 23 months on file or no active credit lines for more than 5 years).

If you're a first time buyer with little to no credit we can still help get your first vehicle financed. In fact, Hyundai Motor Finance has a policy in place for persons in your situation. Talk to one of our Financial Services Managers who can walk you through the process.

I am a first time buyer - how do I qualify?
· Minimum 3 months employment
· Proof of Income (paystubs) or Letter of Employment
· 2 References

Understanding Bankruptcy

Understandably, bankruptcy is a tough situation to be in but the good news is we may be able to help you finance a new or pre-owned vehicle. We encourage you to speak with one of our Financial Services Managers, tell us your story and depending on your situation, we can start the pre-approval process.

We fully understand bankruptcy is not a reflection of you as an individual and sometimes things can happen that are beyond our control. Let us try to get you into a reliable and well priced vehicle so you can start rebuilding your credit.

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