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We know that even though special finance subprime car lenders won’t lend money for a used car with a branded title doesn’t mean unsuspecting buyers won’t find themselves making payments on a car loan for one of these vehicles.
Used car buyers, in particular those with credit issues, have been shown to be easy targets for unscrupulous sellers hoping to unload used cars that are either rebuilt or have suffered some other type of damage.
Last year the TrueCredit division of TransUnion offered five ways in which consumers could improve their credit scores that are still applicable this year.
In addition to a bad credit car loan there are other ways in which you can begin to rebuild your credit and raise your credit score.
The type of bad credit you have is as important as your FICO score if you are applying for a subprime car loan.