Finance Department
At Selma Hyundai, we are committed to helping you when others have tried and failed. For your convenience, use our secure online credit application. For immediate approval, please contact us today.
We provide New and Pre-Owned vehicle financing for all Vehicles. Stop in today and take advantage of our financing deals for the new model of your choice. Selma Auto Mall understands your needs and Selma is here to provide 100% customer satisfaction. Come in and together we will discuss which option is right for you. Are you worried that your credit history will hold you back from owning the vehicle you want? Don't be! We can help you obtain the credit you deserve. We also have first-time-buyers programs for those of you that currently have no credit established.
Credit History: None, Bad, Good
What type of credit experiences can someone with no credit history expect to have? Lending institutions such as banks and credit unions rarely lend money to people with no credit, because they have no history to indicate how likely they will be to pay back the loan.
What type of credit experiences can someone with a bad credit history expect to have? Future borrowing is difficult and in some cases impossible, because there is no basis for a lending institution to trust that the money will be repaid.
What type of credit experiences can someone with a good credit history expect to have? They can be granted credit more easily and with less stringent conditions.
Credit Score Ranges
A credit score determines your credit grade and is based on the data found in your credit report. The credit score broadly refers to a number generated by a credit-scoring model to determine a person's creditworthiness. Commonly, there are six ranges:
- 720 – 850 A+
- 700 – 719 A
- 675 – 699 B+
- 620 – 674 B
- 560 – 619 C
- 500 – 559 D
There is no single cutoff score used by all lenders—and there are additional factors that lenders use—but basically, the higher the score, the higher your creditworthiness and the lower the risk.
