Recently, the Federal Trade Commission (FTC) charged nine auto dealerships with using deceptive and unfair sales and financing practices. We thought it would be prudent to go over some of the more common auto financing scams. Also, we can provide some tips that will help you avoid ever becoming a victim of one of them.
A subprime auto loan, or bad credit auto loan, is slightly different from your traditional car loan. The main difference is that the lender will take a number of additional steps when evaluating your application. One of these steps is asking you to provide a list of personal references.
Auto Credit Express offers bad credit car loans for residents living in Harrisburg, Lancaster, Lebanon and York, PA. Don’t let your poor credit stop you from getting the vehicle you need.
It is entirely possible to meet the income requirement for a bad credit auto loan with a part-time job, but not the combined total of what you might earn from two or more jobs.
Veterans Day is an official U.S. holiday that honors and celebrates those that have served in the United States Armed Forces. Also, some workers get the day off, so it’s also a popular day to head to your local dealership. With that in mind, we wanted to run through some Veterans Day car sales and military incentives you may be able to take advantage of.
If your credit is less than ideal, most lenders (those who will accept bad credit borrowers) will want to see no more than 50% of your income going towards debt every month, and this includes your potential car payment.
Subprime lenders take many factors into account when making an approval decision. Brad recently learned this after his auto loan application was denied. So, he set out to figure out why his application was rejected.