While the higher interest rates charged by subprime auto lenders means this kind of auto loan will be more expensive, you can still cut down on the interest charges you'll pay.
Continue ReadingWhile the higher interest rates charged by subprime auto lenders means this kind of auto loan will be more expensive, you can still cut down on the interest charges you'll pay.
Continue ReadingSince a borrower's income and bills as well as the lender and lending tier all have to be taken into consideration, there is no way we can know, ahead of time, what a borrower’s approval amount might be.
Continue ReadingFor car buyers with problem credit it's important that they understand that how their income is reported can affect an application for credit for an auto loan. This is especially critical if all or even a portion of their income comes from working for one or more employers as an independent contractor.
Continue ReadingOnce you know for sure that you have issues with your credit, it's important that you explore all your financing options to see which one makes the most sense for your current situation.
Continue ReadingIf you find yourself falling behind on your monthly car payments, an auto loan deferment from your lender can really help. But, especially if you have bad credit, just be sure you understand what doing this will cost you.
Continue ReadingA press release from Toyota this morning announced that the Prius had just surpassed the one million mark in world wide sales. This begs the question, “would the Prius be a good car for a bad credit car loan?”
Continue ReadingNew PowerView Score from Equifax and LexisNexis will use additional information to create a more accurate credit score for borrowers applying for new and used car loans.
Continue ReadingIn our experience, bringing in a list of at least six complete references from people an applicant knows who have given their permission, during the first dealer visit, will move the loan process along more smoothly and quickly.
Continue ReadingYou've decided it's time to get a new car. Even though you know you could probably get more for your current vehicle by selling it on your own, you've also decided that's probably too much of a hassle and, since you don't want to come up with a cash down payment, the only option that remains is to trade it in.
Continue ReadingThe key to a successful bad credit car loan also means focusing on the basics. In this case, it means wading through the different types of offers that appear in internet search results in order to find the right kind of opportunity that will allow you to reestablish your car credit.
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