While changes to its certified used car program aren’t as far reaching or comprehensive as those from either Chrysler or Volkswagen, it does mean that even consumers with poor credit that have been approved for an auto loan can browse Ford dealer lots with greater confidence.
Consumers with problem credit often want to know how a bankruptcy will affect their chances of applying for an auto loan.
Just because you have problem credit doesn’t mean you should be paying more for the full coverage auto insurance required for a car loan just because of the type of policy it happens to be.
The percentage of delinquencies remains flat while the number of auto loans to car buyers with questionable credit continued to rise during the second quarter of 2013.
Having a vehicle repossessed is never a good thing. In fact, having one appear on a credit is one of the worst things that can happen to any borrower. But it is especially bad if the auto loan in question belongs to a consumer with problem credit.
When putting together a budget consumers with deficient credit need to know which kind of car insurance to shop for before signing on the dotted line for a car loan.
The report released by Experian back in 2009 analyzed the rate of identity fraud across various credit score ranges. It also establishes a clear correlation between excellent credit scores (for both individuals and businesses) and “the propensity for identity fraud victimization.”