Category Archives: Buy Here Pay Here

Credit Score

How Can I Clean Up My Credit Score?

Cleaning up your credit score can be a gradual process that requires time, diligence, and responsible financial habits. Here are some steps you can take to improve and clean up your credit score:

Be Diligent: Review Your Credit Score

  • Review your credit report. Obtain a copy of your credit report from each of the major credit bureaus (Equifax, Experian, and TransUnion). Review the reports thoroughly to identify any errors, or inaccuracies that need to be addressed.
  • Dispute errors and inaccuracies. If you find any errors or inaccuracies on your credit report, such as incorrect personal information or accounts that don’t belong to you, file a dispute with the credit bureau. Provide any supporting documentation to help rectify the errors.

Have Responsible Financial Habits

  • Pay bills on time. Payment history is a crucial factor in determining your credit score. Make sure to pay all your bills, including credit cards, loans, and utilities, on time. Late payments can have a negative impact on your credit score. Here at Godwin Motors, we are a buy-here-pay-here dealership and report your monthly payments to credit bureaus. When you make your payments on time, it will help improve your credit score.
  • Create a budget and manage debt responsibly. Develop a budget to track your income and expenses effectively. By managing your finances responsibly, you can avoid accumulating excessive debt and ensure timely payments.

Be Patient: It Will Take Time

  • Avoid too many new credit applications. Multiple credit inquiries within a short period can have a negative impact on your credit score. When you are ready to inquire about vehicle financing, Godwin Motors has an easy online application. Our financing team will be in contact and can provide provide on-the-spot financing approval.
  • Maintain a mix of credit accounts. Having a diverse mix of credit accounts, such as credit cards, and mortgages, can positively impact your credit score. However, only take on new credit if you can manage it responsibly.
  • Build positive credit history. If you have limited or no credit history, consider building it by opening a credit card. Make small purchases and pay off the balance in full each month to establish a positive credit history.
  • Be patient and persistent. Improving your credit score takes time. Consistently practicing good credit habits, such as paying bills on time and reducing debt, will gradually lead to a better credit score over time.

It’s important to note that there is no quick fix for improving your credit score. However, by following these steps and practicing responsible financial behavior, you can make progress in cleaning up your credit and building a stronger credit profile over time.

History of Buy Here Pay Here Car Financing

History of Buy Here Pay Here Car Financing

Are you in the market to purchase a car? You have the money, a steady paying job, but not the credit. So you ask a friend for some advice about buying a car. According to your situation, they recommend you to purchase and finance your vehicle from a buy-here-pay-here (BHPH) car dealership, but you have no idea what that is.

BHPH is a method that car dealerships use for people who have little, no or even bad credit. It’s a one-stop shop process where the dealership is also the finance company. BHPH originated in the early 1970s during the savings and loan crisis. Unemployment was escalating and the economy was still in transition from a production based economy to a service based economy. As the prices of vehicles began to increase in relation to income, vehicles became unaffordable. In result, the start of the buy-here-pay-here dealerships were born.

So what does that mean to you? What are your possible benefits?

Godwin Motors has been a BHPH independent dealership since 1985 and is now the oldest buy-here-pay-here in Columbia, SC. Our motto since 1985 has been to provide a quality vehicle with unparalleled customer service. That means, we treat every customer like family. Godwin Motors has always gone the extra mile for their customers helping them out along the way. Our customers come into the dealership to either make payments, get oil changes or new brakes, look at new vehicles, or even rent a car for a weekend trip to a family reunion in the Lowcountry. It is not uncommon to have a client come to purchase their third vehicle, or for a second or third generation buyer to purchase their first car. Here are a list of benefits of buy-here-pay-here dealership, but especially Godwin Motors.

  • Finance approval
  • Test drive and paperwork can be done in as little as one hour
  • Payments made with Godwin Motors
  • Not a large out of town corporation
  • Godwin Motors reports to Equifax to help build client’s credit when payments are made on time.
  • Large selection of quality vehicles types:
    • Sedans
    • Coupes
    • Trucks
    • Crossovers
    • Vans and SUVs
  • Financing for bad or no credit with steady jobs and income
  • Current bankruptcy (with court approval)
  • Past bankruptcy and repossessions can be financed

history of BHPH, you should be ready to start looking for your vehicle. Godwin Motors has new inventory weekly and has a quick and easy purchasing process. So if you’re worried about your credit or that repo you may have had 5 years ago, don’t forget at Godwin Motors, We Finance You, Not Your Credit.

2016 Chevrolet Malibu exterior front white

Buy here, pay here car dealership near Columbia SC

Benefits of buying from a buy here, pay here dealership

Car shopping is never as simple as finding the car you are looking for and picking it up. Financing can be one of the most-stressful parts of the car-buying process. Godwin Motor seeks to make the car financing and car purchasing process as easy as possible. We are a buy here, pay here dealership, which gives us multiple advantages over conventional dealerships. There are many benefits of buying from a buy here, pay here dealership. Read the rest of this entry >>


Buy Here Pay Here Financed Vehicles Columbia SC

Everyone has different circumstances. We understand that here at Godwin Motors, but we also understand that a lot of people require transportation to get to work and other necessary locations. If you’re in the market for a buy here pay here financed vehicle in the Columbia SC area, consider browsing our inventory, because we understand your circumstances better than most. Read the rest of this entry >>