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.
Continue ReadingHaving 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.
Continue ReadingYou work hard doing the daily grind five days a week. And if you work a job in the service industry, such as wait staff or bartenders, you know that tips are your bread and butter. As many people who earn tips know, it can be a common practice not to report, or to under-report, your cash earnings. But, your unreported wages could hurt you when you're trying to purchase a car, especially if you have bad credit. Let's look at how unreported tips could affect auto financing.
Continue ReadingIf you lose your job, how are you supposed to keep up with your car payments? Is repossession inevitable? Absolutely not. There are ways to navigate this difficult situation and to keep your head above water until your finances can be straightened out.
Continue ReadingIt can be frustrating when you need to buy a car with damaged credit. Luckily, if you have a dependable income, there is a really good chance that you can get approved for financing in spite of your bad credit. Sometimes, your job is your credit, and it just comes down to finding the right lender.
Continue ReadingWhen buying a car, lenders want to know that they can rely on you to maintain the monthly payments. That is why if your primary source - or only source - of income is disability, they may have a problem approving you. The problem lies in the income you are receiving. Disability, unemployment, workers compensation and retirement are just some examples of income that cannot be garnished. Lenders need to have the ability to garnish your wages in the event that you stop making your loan payments, and they cannot do this with these types of income. There are a couple ways you can improve your chances of getting approved for a car loan, even if you are receiving disability payments.
Continue ReadingEven the most independent jobs – such as exotic dancers and hairdressers – still require workers to pay taxes on all their income. If they don’t, it could spell trouble when doing things like getting a car loan, especially when there’s bad credit involved.
Continue ReadingGetting financed for a vehicle purchase can be a little tricky if you’re self-employed, especially if you have less than perfect credit. However, it can be accomplished if you are able to provide the correct documentation.
Continue ReadingIf you are a seasonal employee and have bad credit, getting approved for auto financing can be challenging. In fact, your success will largely depend on your income and the stability of your employment.
Continue ReadingTourist towns make great spots for many workers that make tip incomes. If you make income in tips or get paid in cash, you should know that this can make qualifying for a car loan difficult if you have bad credit.
Continue ReadingYou're feeling great that you have a new job that comes with a regular income, but now you need to have access to reliable transportation. You need to buy a car with less than perfect credit and not much time to show on your current job. Can you still get financed for the necessary vehicle? Luckily, you do have options available.
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