Leasing a car can reduce your monthly payment. But if your credit is less than perfect, your chances of car leasing with poor credit, although better than a few years ago, is not guaranteed.
Financing a vehicle after your bankruptcy has been discharged is usually not a problem. But you will find it very difficult to get approved for a car loan if you have a dismissed bankruptcy.
If you have credit problems and you’re having trouble making your car payments, the very worst thing you can do is wait until after repossession to do something about it.
If you have credit problems and rely on self-employment income, most subprime lenders will require that you prove what you make by showing them your tax returns.
A repossession is one of the worst things that can appear on your credit report if you are hoping to finance another vehicle. Here’s why it can happen and what you can do about it.
You can’t finance just any car if you have credit problems because most subprime lenders have vehicle restrictions on the kinds of cars you can finance.
If you get turned down for credit or don’t qualify for the best interest rate offered, you’ll want to understand what those two-digit FICO reason codes stand for in the letter you receive.