If you have bad credit and go on the internet to request an auto loan, there are a few things you should be aware of. First and foremost, you should know that you are in the driver's seat. There are dealers across the country who will want to compete to sell you a car.
Ten years ago, few people had bad credit, and only a handful of reputable dealers catered to people with bad credit. Today, thousands of dealers are able to help consumers with credit problems. Due to the increase in demand, both from consumers with bad credit trying to buy a car and from dealers competing for extra sales, a new middle man has arisen, the internet marketer.
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Rule Number One
If you give something up, expect something back. Consider it online bargaining in real time on the website you are visiting. What are you giving up? Your name, your social security number, your date of birth, and/or your monthly income? Before you give up your personal information, what should you expect?
The Truth
Rule Number Two
Who owns the website?
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