Car buyers - particularly those with bad credit who are often on a tight budget - should take care when picking out a used car and keep in mind the recent flooding in South Carolina. Remember: If the price of a used car looks too good to be true, it probably is.

How the latest online security vulnerability could even affect consumers with less than perfect credit

The expanded Military Discount Program from General Motors that runs through June 30th offers an opportunity for even more active, reserve, retired and veteran military with credit issues to save even more money on a new car while reducing the overall interest expenses of a subprime car loan. But in order to take advantage of the program, these borrowers must first qualify for a new car at a participating GM dealer that also specializes in problem credit car loans.

While a balloon car loan can reduce the monthly payment on a vehicle, lenders that offer these loans, because of the higher risk involved, usually only approve them for their most credit-worthy borrowers.

The newest FICO scoring model will penalize consumers with medical collections less than it has in the past. But it will take time to be implemented and, in any case, borrowers, especially those with credit issues, should continue to practice the fundamentals of good credit.

With bad credit you probably will not know the interest rate you will be charged for terrible credit auto loans until you have been approved.

Car buyers with problem credit that are self employed should be aware of the problems they may encounter when applying for a car loan.

At Auto Credit Express, where we primarily deal with car loans, applicants with bad credit sometimes ask us, What credit score do you need to lease a car?

The Costco GM Holiday Sales Event represents a good deal for car buyers – but, unfortunately, it leaves out those vehicles that most shoppers with poor credit can afford.

According to Consumer Reports, credit-challenged buyers would be doing themselves a favor by avoiding these six vehicles. Despite their affordable prices, their faults include noisy cabins, slow acceleration, poor ride quality and unacceptable scores on the IIHS small-overlap crash tests.