Your vehicle can be taken from you if you are late with payments in an act known as repossession. A repossession will cause your credit score to take a big hit, and it can remain on your credit reports for up to seven years. Let’s take a look at how auto repossession works.
Having bad credit is a circumstance that has a negative impact on your financial health. It’s why there are thousands of credit repair services exist. These places aim to help people improve their credit standing, and that’s an exciting proposition for many people dealing with bad credit. But what exactly do these places do? And can they really work?
Having bad credit doesn’t keep you from being able to get approved for a car loan. However, it does limit the kinds of lenders who are willing to work with you. With that in mind, here are some tips on getting an auto loan when you have bad credit.
There are a few scenarios where you may be asked to provide a cosigner for your auto loan. In these three instances, you will likely be unable to get approved without one.
The latest information from Experian shows that the average car loan amount is at an all-time high. As a result, consumers are turning to longer-term auto loans to reduce the size of their monthly payments. This auto loan trend can be a dangerous habit for consumers with less than perfect credit. But, luckily, a down payment can help you buck that trend.
CPO models have exploded in popularity in recent years. Because of this, automakers frequently offer deals and incentives on CPO vehicles to attract even more shoppers. Let’s take a look at some of the top certified pre-owned deals in March.
A budget is one of the most important financial tools you can have. When it comes to planning a big purchase, such as a car, it becomes even more important. If you need to finance a car with less than perfect credit, you’ll find that budgeting for your car loan is especially valuable.