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The Pros and Cons of $500 Down on a Car with No Credit Check. Before jumping on a $500 down no credit check loan, let's recap the key pros and cons: Pros. Easy access if your credit is rough. ️ Fast approval since no credit check is needed. Can help build credit by making payments on time.
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Although these dealerships don’t typically report loans or positive payments to the credit bureaus, BHPH lots can be a great alternative for car buyers with really bad credit who need a vehicle fast. With a BHPH dealer, your payment plan may be tailored to how often you get paid. Whether it’s weekly or bi-weekly, you may have to pay in person.
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