Being turned down for credit can be a frustrating and even embarrassing experience, especially when you’re trying to buy a car. But if you’ve recently been denied, take a deep breath. You're not alone, and your journey isn't over. At ABC MotorCredit in Bedford, OH, we specialize in helping people with all types of credit situations get approved and get driving again. In this article, we’ll walk you through what steps to take next if you’ve been turned down for credit—and how we can help you move forward confidently.
1. Understand Why You Were Denied
Before doing anything else, find out why your application was declined. Lenders are required to provide a reason, whether it’s a low credit score, high debt-to-income ratio, lack of credit history, or recent financial trouble. Understanding the specific reason helps you take targeted action and avoid future denials.
Common reasons for denial:
- Late or missed payments
- Too many credit inquiries
- High balances on current accounts
- No established credit history
2. Check Your Credit Report
Pull a copy of your credit report from all three major bureaus—Equifax, Experian, and TransUnion. You're entitled to one free report each year at AnnualCreditReport.com.
Look for errors or outdated information that might be dragging down your score. Even if everything is correct, reviewing your report gives you clarity on what needs work.
3. Don’t Apply Aimlessly
It’s tempting to apply to multiple lenders hoping someone will say yes. Unfortunately, this can hurt more than help—every application can create a “hard inquiry,” which can lower your score even more. Instead, apply with lenders that specialize in bad credit or no credit financing, like ABC MotorCredit. We’ve helped thousands of customers in Northeast Ohio get approved—even after other dealers said no.
4. Rebuild and Reapply Strategically
If you're not approved right away, take a few months to strengthen your credit:
- Pay off small debts or reduce balances
- Make every payment on time
- Don’t open new credit accounts unnecessarily
- Keep old credit lines open to build history
Once you’ve made some progress, reapply with a dealership that offers real solutions— not judgment.
5. Talk to ABC MotorCredit in Bedford, OH
If you’ve been turned down elsewhere, come see the experts at ABC MotorCredit, 424 Broadway Ave, Bedford, OH 44146. We offer
- In-house financing
- Buy Here Pay Here options
- Second-chance programs
- Friendly, respectful customer service
We take the time to understand your unique situation and help you find the best path forward.
Get Approved Today
Being denied credit isn’t a dead end—it’s just a detour. Let ABC MotorCredit help you get back on track and back behind the wheel. Call us at 440-232-0001 or fill out our credit application online to get approved in minutes.