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Go Back   Credit Forums - Loans, Debt, and Credit Discussion > Credit Related > Car Loan Forum

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  #1 (permalink)  
Old 08-14-2007, 08:26 AM
Maroon Maroon is offline
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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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Old 09-17-2007, 03:13 PM
inverito inverito is offline
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Hmmm okay, thanks.
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Old 09-17-2007, 05:07 PM
Hawaii FIC-O Hawaii FIC-O is offline
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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?
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Old 01-25-2009, 10:24 AM
persistence persistence is offline
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Sometimes depending on the situation, the creditors may refinance your car loans for lower interests and lower monthly installments.
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Old 05-15-2010, 03:32 PM
EnriqueHajela EnriqueHajela is offline
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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
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Old 08-30-2010, 02:56 AM
addyroy2009 addyroy2009 is offline
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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.
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Old 09-03-2010, 05:20 AM
nawabiki123 nawabiki123 is offline
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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...!
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