But the fact remains that credit-challenged consumers should also know what items are not considered, at least by FICO, when a credit score is computed.
what to expect when buying a car with bad credit
One way consumers with bad credit can tell if an offer to lend is legitimate is if the lender asks for a fee up front to process a car loan application.
It’s been proven that car buyers with bad credit hoping for easy financing for cars are especially open to being taken in by sellers pushing used cars with hidden damage.
Like many neighborhoods there are thieves hoping to take advantage of the unwary. But instead of ripping off flat screen televisions these people are more than content to steal an individual’s private information so they can assume that identity. Down the road this can make it difficult even for those with bad credit to qualify for an auto loan
But it’s also true that consumers with bad credit who want to know the best way to buy a car with poor credit should also know which facts are not considered, at least by FICO, when a credit score is computed.
Car shoppers with questionable credit that have received a loan approval with the option of a new car might want to check out this list of quality small cars we’ve picked out from an article that was published last year by the experts at Kelley Blue Book.