Saturday, January 6, 2007
How to get a car loan for people with bad credit
If your credit score is below 680 and you keep getting rejected, don't submit applications everywhere that keep getting you rejected. Instead, submit one application to a bad credit auto loan resource like AutoCreditFinders, that specializes in finding bad credit car loans for people with low credit scores. They take your application and can find you car financing from underwriters who specialize in high risk car loans. Even if you have previous bankruptcy, tax liens, or bad credit, as long as your credit score is 525 or above, and bankruptcies have been discharged, your chances are good. You should be working for at least 6 months and have no bad credit in the last 6 months. You can expect to pay more APR than someone with good credit, but this can help re-establish credit for you. After a few months of paying on time, you may be able to auto refinance to a lower APR.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment