If your car is repossessed, you will probably find that you have a lot to deal with at once. But in the middle of all the chaos, you have to remember that you still have legal rights.
Self-employed car buyers with bad credit should be careful when filling out their tax returns. Claiming a lot of deductions may yield bigger savings, but it will also reduce the size of your reported income.
More and more, drivers are simply ignoring safety recall notices. The information is out there, but car owners are either unaware or choosing not to look.
Traditionally, leasing a car has not been considered a good option for drivers with bad credit. However, captive lenders such as Kia Motors Finance are making it possible for more consumers with bad credit to lease vehicles.
Repossession may put an end to a cosigner’s responsibility toward a loan. However, they have certain legal rights to which the lender must adhere.
Believe it or not, some people don’t experience serious debt problems until after they start making more money and experience lifestyle inflation.
Some people may realize that they have a bad credit score and think, “Big deal. I just won’t try to get a loan any time soon.” But damaged credit can affect a lot more than just your ability to get financing.