The College Scorecard was born of an Education Department effort to hold underperforming institutions accountable. But it would be a stretch, Katzman said, to credit Google for promoting accountability by surfacing the Scorecard data. For-profit colleges with underwhelming graduation rates and student-debt levels have been “some of Google’s largest advertisers” over the years, he said. “If Google really wanted to help solve the problem, they might limit advertising to the schools that had a better performance on the report card.”
Many dealers use these terms in their advertisements to attract customers to do a credit application. Many of these other dealerships do not intend to offer in-house financing. They only wish to get your personal information shop it around to a dozen finance companies and hope they find an approval. This is a waste your time. To ensure you’re in good hands with any Buy Here Pay Here dealership, make sure that your credit application is not going to a bank or multiple banks, and that your credit won’t be pulled multiple times. As you may know, when your credit is pulled over and over, it could result in a lowering your credit score, and can make your current credit situation even worse.
Despite being one of the fastest growing segments in the auto sales industry, there is no official definition for “Buy Here Pay Here”, or “BHPH”, which often leaves it to be misunderstood. To put it simply, BHPH is when a car loan is obtained directly from the dealer and not a 3rd party, such as a bank or finance company. The payments are made directly to the dealer which has coined the term “in-house” financing.