CarLoanInc.com offers a directory and reviews for automobile dealers in the US
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New and used car loans. Dealer information and reviews. Car loans, bad credit ok.
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- In today's world, everyone at some point in their life will need credit. Credit is the reputation you have for your ability to pay off loans. If you have good credit, you have a good reputation for paying back loans. Therefore, businesses (called lenders) will be more likely to loan you money than if you had bad credit. Credit is used for getting loans so you can buy houses, cars, and other things that most people can't buy simply by paying for it all at once. When you get a loan, you will be able to receive a specific amount of money, but under the condition (called a contract) that you will pay the money back a certain way. Note: Since the ability to get a loan is so closely tied to credit, you'll see the word "credit" when someone is actually referring to loans or debt.
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