How Buy Here-Pay Here Dealerships Can Improve Your Credit

August 25th, 2015 by

There are several advantages to visiting a buy here-pay here dealership. There’s the obvious benefit of being able to purchase a vehicle despite having a bad or subpar credit score. These businesses are also more likely to accept beater cars as down payments, a plus if you’re looking to get something for your old, barely-working vehicle. Believe it or not, these types of car dealers can also help improve your credit.

If you’ve been considering visiting your local buy here-pay here dealers in Cincinnati, Ohio, take a look at our post below. You may discover another incentive to avoiding your everyday dealership…


If you’re eligible to purchase a car from a buy here-pay here dealership, that means you’re considered a high-risk borrower, as Russ Heaps of explains. The car business is essentially serving as your financing source, and since your credit score is struggling, they can demand a significantly larger interest rate. You may have to agree to monthly or even weekly payments, and your ability to pay the bill may help you in the long run.

Paying your bills on time, whether to a car dealership, a credit card company, or some other kind of debt collector, can improve your credit score. As Jean Chatzky of explains, “month after month of plain-vanilla, on-time payments” is one of the simplest way to get positive marks on your credit report. If you’re feeling super ambitious, Dana Dratch of suggests paying your bills early.


“How much you owe is 30 percent of your score – and the utilization ratio is a large part of that,” credit card expert Barry Paperno told Dratch.

While paying off the debt in one or two payments would certainly make everyone happy, there’s no need to rush the process. You can continually pay your bills over time, and these consistent payments will do wonders for your score. Paying off the debt sooner may have some advantages (like avoiding any accompanying interest), but it’s not like one swift payment will suddenly take your credit score from “bad” to “good.”

Of course, you’ll also want to assure that you can pay back the debt. There’s nothing worse for your credit than late payments and unpaid bills. If you anticipate that this could be an issue, pursue a cheaper vehicle. If you avoid this advice, you may be finding yourself with bigger issues than just your credit score.

Sounds like a good deal, right? If you believe a buy here-pay here dealership is the route for you, head on down to McCluskey Automotive. The helpful staff will find the right car and right payment plan for you.