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Thread: Bad credit car loan

   
   
  1. #1
    Maroon is offline White Belt
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    Smile Bad credit car loan

    If you are looking forward to buy a dream car but without good credit, there are a number of credit lenders who are willing to give finance. But there is a problem. They charge higher interest than they charge for those with good credit.

    You will be able to get a bad credit car loan though you may be having problems like arrears, court judgments active you are prepared to offer collateral, the lender will make things easier for you to get a car loan. Since he can get his money back even when you fail to repay.


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  2. #2
    inverito is offline Orange Belt
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    Hmmm okay, thanks.

  3. #3
    Hawaii FIC-O is offline Gold Belt  
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    Quote Originally Posted by inverito View Post
    Hmmm okay, thanks.
    Do you know all three of your FICO scores? And have you ever had an auto loan? If yes, did you have late payments or a repo?

  4. #4
    persistence is offline White Belt
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    Sometimes depending on the situation, the creditors may refinance your car loans for lower interests and lower monthly installments.

  5. #5
    EnriqueHajela is offline Yellow Belt
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    Bad credit car loan is not a good idea first make your credit good after that think about the car. the best option for you is secured loan at this time.
    ______________________________________
    Bad Credit Auto Dealer

  6. #6
    addyroy2009 is offline White Belt
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    Yes Maroon you right some private companies charge too much high rates for bad credit people but one point is that they give loan and other companies who charge low interest rates they didn't give loan to bad credit.....
    Last edited by Magic69; 08-30-2010 at 11:26 AM.

  7. #7
    nawabiki123 is offline White Belt
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    Quote Originally Posted by Maroon View Post
    If you are looking forward to buy a dream car but without good credit, there are a number of credit lenders who are willing to give finance. But there is a problem. They charge higher interest than they charge for those with good credit.

    You will be able to get a bad credit car loan though you may be having problems like arrears, court judgments active you are prepared to offer collateral, the lender will make things easier for you to get a car loan. Since he can get his money back even when you fail to repay.


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    Bad credit loan are easily available now a days...if you have a poor or bad credit history then don't worry there are many private financial institute are there who give the bad credit auto car loan...!

  8. #8
    Alfie is offline Gold Belt
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    yea there easy to get because the companies offering have no problem putting financial burden of huge credit debt on you.

  9. #9
    Alfie is offline Gold Belt
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    its sometimes best to check online the companies that are offering those services to make sure the the company is not going to financially cripple you

  10. #10
    anikadavids is offline White Belt
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    Some lenders will only approve you if you have a prior auto loan in your credit history. You may increase the chances of your car loan's approval if you pay down your credit card balances as low as possible, payoff higher APR cards first before applying for auto loans.

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