Buy Here Pay Here Nicholasville Ky Direct

The dealer didn’t focus on her low credit score. Instead, they asked for:

A utility bill to confirm she lived in the area. buy here pay here nicholasville ky

Her interest rate was around 18%, higher than a bank loan but standard for the high-risk nature of BHPH lending . The dealer didn’t focus on her low credit score

Recent pay stubs to show she could afford weekly or bi-weekly payments. buy here pay here nicholasville ky

Sarah visited a local Buy Here Pay Here dealer on Lexington Road. Unlike the traditional dealership downtown, which would have sent her credit application to a dozen banks, this dealer acted as the bank themselves—a process known as in-house financing .

Sarah had saved $1,200, which met the dealer's requirement.

While Sarah got her car, she kept two critical warnings in mind: