By Larry Chiang
Something has gone wrong if you’re doing BHPH.
![]() |
Larry Chiang (@LarryChiang) |
#usedCarWeek. Conference about car loans. BHPH = buyHerePayHere twitter.com/jessicabhph/st…
|
![]() |
Jessica Johnson (@JessicaBHPH) |
Kicking off NRC #usedcarweek pic.twitter.com/Vd8Q37uL30
|
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.