Why Do I Need A Credit Card?



Getting A Credit Card With Bad Credit

Having bad credit may lead some lenders to consider you a lending risk; leaving some lenders questioning your ability to repay the loan.

There are those that will issue credit cards to people with bad credit, but expect to pay higher interest rates and hefty penalties for delinquent payments.

Getting A Car with Bad Credit

Getting a car with bad credit – from a lenders point of view – is a much safer bet than just getting a credit card. The difference is that the car is used as collateral; thereby securing the loan and minimizing the risk to the lender.

Getting A Car and Credit Card with Bad Credit

Drive and Rebuild Your Credit simultaneously!

Highway 400 Auto Loans can help you to do both: using your car as collateral, we will issue you a ‘secured credit card’ – putting you back on the rood to re-establishing good credit. This is one of the first steps to helping your future credit look well rounded.

As part of this process, we will advise and recommend you do the following:

  • Start with smaller, more manageable purchases
  • Pay your minimum payments on time
  • Pay your balance each month

Within a matter of months – and by following the terms of the loan – you’ll be able to qualify for a lower interest rate and higher credit limit.  


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