Each year, many people rely on their tax refunds to get approved to buy a car with auto financing. Unfortunately, in recent years, many of those people have found that their tax identity was stolen and getting their money back took months of wrangling with the IRS.
Chances are that someone you know is struggling to get out of debt. People in these situations often cut back on everything except for the bare necessities, and would appreciate receiving holiday gifts that will feel like splurges.
Having bad credit doesn’t mean you won’t be able to get a new car when you really need one. If you have a good job and a steady incmoe you can be approved for auto financing.
Repossessed vehicles on your credit report can make a new lender feel uneasy about the transaction, but believe it or not, you can get approved for a car loan after repossession.
Credit scores play a large roll in determining your approval and loan terms when applying for auto financing, so if you have bad credit scores how can you finance a vehicle?
So, you’re newly married and you’re worried how your spouse’s bad credit score will affect your good credit?
The difficulty of dealing with a low credit score, combined with negative equity in a car can create very real problems for people. Here is our advice.