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In The Media

“Buy Here, Pay Here”

by Larry Chiang on November 19, 2015

By Larry Chiang
Something has gone wrong if you’re doing BHPH. 

Larry Chiang (@LarryChiang)
#usedCarWeek. Conference about car loans. BHPH = buyHerePayHere…
This HELP DESK is for credit execs. Google “Larry Chiang BHPH UCMS debit reporting analysis”. If you don’t google well, just text me.

If you’re doing BHPH as a consumer…
/1/ Make sure they report to Experian, TransUnion and Equifax 
/2/ Confirm that prior customers have trade lines from the BHPH. 
/3/ Raise your FICO score before you get a car at buyHerePayHere. 
/4/ Try to get a private party car $2k
/5/ Take out a credit line prior to buyHerePayHere
/6/ If you buy the private party fsbo make sure you avoid semi professional car dealers. “Curbstoning”. I think is the terminology. 
/7/ Buy from a private party using an app like Sy Bohy’s app that sells cars. 
This site is targeted at future college grads and young professionals, contains user contributed content, and material that may be confusing to a lay audience.

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