If all or even part of an applicant’s monthly income comes from disability pay – especially if that person has experienced credit problems, this can have a negative effect on the approval process.
One way people with credit problems can tell if lenders are legitimate is if they ask for a fee up front to process the application.
We have found that car buyers with credit issues usually don’t know what happens next once they’ve received an auto loan approval.
Picking the right kind of vehicle is one of the most important steps in reestablishing your auto credit once you’ve received a car loan approval.
Car shoppers with low FICO scores often have difficulty finding a dealer that can arrange for approved auto loans.
Even with the higher interest rates charged to consumers with car credit issues, there are still ways to reduce the interest expenses.