Crazy 88 Auto Loans And Guaranteed Approval Credit Not That Great

2012-01-20T14:29:00.000-08:00

I had previously written about Crazy 88 Auto Loans back in 2009 before the first Basic Credit Info website had gone down, and I see that it is still going on strong. I don't want to have to repeat all that I said so here is a link to the original article that had been posted on another site I was using.

One of the most important parts of looking at this company is the disclaimer which states the following:

Disclaimer

See dealer for complete details on all programs. Not responsible for typographical errors. See dealer for details. Bank approval required on all credit applications. Subject to finance approval to qualified buyers. Certain restrictions apply based on lender approval. $88 a month for up to 3 months at dealer discretion. Offer may be withdrawn at any time and is not to be used in conjunction with any advertised offer. Amount of down payment and monthly payment may vary based on consumer's credit history.

For full NADA book value: negative balance applied to new loan balance. Financing on approved credit through dealer designated lender. All vehicles plus tax tags and freight. Guaranteed trade for purchase of used vehicles only. Offer may be withdrawn at any time and is not to be used in conjunction with and advertised offer CRAZY 88 is a registered marketing agent and not an automotive finance company or lender. Negative balance applied to new loan balance. Financing on approved credit through dealer designated lender.

So as you can see this isn't that great a deal. Especially since the deal can only last for up to three months. This is very similar to any of those instant auto approval deals you see on TV. Many times they tell you that you can get approved irregardless of your credit history. Why wouldn't someone who keeps getting denied credit not want to take this deal?

Well as you can see in the above disclaimer while it may be great short term in the long run you will be hurt worse. What happens if you get a car and your payments go up to four or five hundred per month? Will that help your credit if you can't pay for your new car? Always check out disclaimers on these companies before doing business.

Basic Credit Info Is Back!!!

2012-01-20T12:09:00.000-08:00

So after being offline for the last year or so, Basic Credit Info is back online. I apologize for going offline but rest assured that I will continue to provide you the best information I can to help you learn about credit and how to build your credit score.

I will continue to post stories that relate to the consumer so that you can learn and avoid having too many issues. If you have any questions don't hesitate to contact me. I look forward to working with you and have a great day.