Question: Does anyone one know about bad credit car loans?
Im interested in buying a car but i have bad credit. Does anyone know of any websites that offer car loans to people with bad credit. A lot of them say they do but they lie. so please help
Answer: Go to any dealer or online website and you can fill out an application.
However the problem is Every dealer and online lender will claim to be the best and will get you approved...They deal with high volume and how they really think...if you throw enough s*** against the wall something will stick
Having poor credit or no credit is the same thing, I think its important you understand how bad credit works and how to repair it, go to this web page on my hobby website http://www.usedcartips.org/CREDI.html you will get a better understanding what steps to take...good luck
Question: I have real bad credit trying to buy a car but cant seem to get any where with these bad credit car loans?
i've tried these bad credit car loan places and get no where> I even have$ 6000 to put down and i want a $20000 van but cant get it any body know where i can go my credi score is only 570
Answer: Ya see, that's your problem. You want more than you can afford. Your payment history,income and existing debts play a factor. Buy what you can afford, for cash -- that's $6,000.
Question: Bad credit car loans in Chicago?
I have horrible credit, I had clinical depresion for about 2 year, I was in medications and now I am med free and have a good job, but I get paid cash. I need to buy a car, but I have bad credit due to non payment on several accounts. I am making arrangements to pay them off and hope to rebuild my credit and my life once again. I need to get a car for the winter. Any car dealerships in the chicagoland area that would give me a second change with my credit conditons. I can give about $1,000 downpayment. Please help me.
answer: You don't need more stress in your life. Don't get a car on a loan. Visit DaveRamsey.com to understand how the banks don't want you to learn.
I bought a used car $2000 drove it saved money , year later sold it $1500 saved $2500 bought $4000 car. Year later sold it $3200 saved $3000 got $6000 car. I'm in a $16000 used not abused car without a i love debt slave loan. you can do it
Question: What is the maximum fee a bank can charge on a bad credit car loan?
My fiance just bought a 03 vibe. His credit is bad after his divorce a couple years ago. We just found out that the bank charged us $4500 extra on a 13,000 loan (we put $2000 down) for his bad credit! We weren't told this by the dealer when we bought the car. Have you heard of a bank charging an outrageous fee like this, and are they even allowed? I live in Pennsylvania.
Answer: Yes, it's becoming more common. It's called predatory lending and states are just now starting to look into it and pass laws. My guess is for the time being, they can charge whatever you're willing to pay. Contact your state's attorney general's office for more info on what lenders can/can't do.
I've had good luck here...
Question: Bad Credit Car Loans......?
Does anyone know where or how to get a car loan if you have bad credit? I am in despirate need of a car. I can pay a note, I am having trouble coming up with a down payment. Any suggestions?
Answer: check with bar none they will charge you something huge for interest, but they are one of the few places with bad credit loans. avoid the buy here pay here places. they are a big time scam.
Question: On a bad credit car loan what interest rates can i expect?
i just bought a chevy aveo ,new, and i got 13 percent interest rates.I put $4000 down.Would anyone know if this is bad credit interest or average credit interest.I know that in california if you get six to seven percent interest this is good credit. hopefully someone that works in financing can answer this,as the car dealer will not tell me if i was found to have my credit good or bad.Note:i have my 3 trw's.
Answer: I have a bankruptcy in my past and both of my boy's vehicles were on it and I just bought a used 2007 Taurus and got 8%. This is in Nebraska.
Question: Credit/ car loans on bad credit?
Ive done some searching/ applying online but im constantly denied or offered a scam... Im in a serious financial situation, my husband lost his job, bills are piling up and we dont even have the money to feed ourselves and our animals.
Im trying to sell my vehicle however it is a gas guzzling truck and I need to buy 2 gas efficient cars. My husband will be starting a new job next month and he will have to travel 40 miles to work and back everyday. Since this new job doesnt pay enough to cover our expenses I am also looking for work and will need my own car to get there!
would a car dealership give someone with bad credit and no job or a new job a loan on two cars with a trade in? are there any banks or credit cards that offer loans to people with bad credit?
any suggestions of how I can find help?
Answer: if you are in a credit bind, bills piling up - then why in the world would you add to it by getting TWO car payments? the truck uses gas - but it wont use as much gas as a new car payment, gas, an insurance on TWO cars.
Keep the truck, and get ONE cheap, realible car. Since he has to do the traveling, he gets to use the more economical car, you drve the truck locally. You will save a lot that way, as compared to getting TWO car notes on your already shaky finances.
I know you had some loan scams - they are all over the place. For shaky credit, try roadloans.com or drivetime.com. They specialize in bad credit loans. If they can't approve you, then you are down to a buy-here pay here lot
If you go that route, be aware that most of the cars are marginal, and the rates are high. Miss a payment and the car is on a tow truck. BHPH lots should only be used as a last resort.
Question: Bad Credit Car Loan or Bad Credit Dealership?
Does anyone know where I can go to get a car loan or find a dealership that will work with bad credit in Arkansas?
Answer: Whatever you do, don't listen to the advice above about payday loans!! They will not loan you enough money for a car, and their interest rates are horrendous!
As for where to get financed, it depends upon your actual credit rating and how much you are looking at putting down on a car. I would be happy to try and help you, I am in Lebanon, MO.
Question: Need advice on bad credit car loan?
I'm single and I rent my apt. I have a steady job making 45k year with direct deposit but bad credit. I see advertisements for these bad credit car loan places? Is it possible for me to get an 18k loan without a cosigner in the real world from one of these places or am I wasting my time? Has anyone ever worked for one of these places or been in my position and rec'd a loan & where from, what company?
Answer: Auto finance is what I do for a living and your best bet will be to find a large dealer the advertises Special Finance and go talk to the Manager.
Stay away from the buy here pay here places because over 90% of them do not report to the credit bureaus.
In almost 8-years of doing this, I can not remember anyone that could prove their income and had enough of a down payment that I did not get approved someplace.
Question: Who gives bad credit car loans? High interest doesn't matter.?
Answer: Auto finance is what I do for a living and all you have to do is go to any dealership that advertises Special Finance and talk to the manager of the Special Finance department. They will be able to help you.
This is a very good way of re-establishing your credit.
Question: Car loans with bad credit?
I have bad credit and need to buy a new car because my current car is having one problem after another. I know there are loans available to buy a car for people with bad credit but are there any that do not have a REALLY high interest rate? There's gotta be something out there that's not so outrageous...
Answer: If you have bad credit,the finance companies do not see a very good track record as far as you paying them back. If they do take a chance on you,you are going to pay a very high APR.. Im sure you have heard about all of these mortgage companies going under,,well that is why,because they was doing subprime loans and it ended up killing them..Well, now the auto finance companies are being alot more careful than they was 5 yrs ago..So, what im saying is that you will be lucky to get financing at any rate right now..
Question: Bad credit car loan?
I would like to hear from people who have gotten bad credit car loans and from where. My fico is 597. Nost of the negatives on my credit report are more then 5 years old. I live in PA.
Answer: You'll be able to get a good range of competitive quotes through one of the free online services that specializes in this. The good thing about these services is that they get quotes for you from several lenders with only one credit inquiry, so the impact to your credit report is minimal.
Here's a page that lists several such services...
Question: Preapproved car loans for bad credit score of 530?
My credit score is a 530 and I have been denied through several online lending places for car loans. That is a not a surprise to me becasue of my score and im currently working to improve it. I am trying to get an approved loan to finance a vehicle before I step foot into a dealership. While filling out online application after online application I have gotten a few emails from dealerships saying they can help me get financed. One deal actually said that im approved but there wasn't a vehicle that he currently had in stock that I was interested in b/c im not really interested in anything but this one specific car. My past credit history has alot to do with not being able to afford payments of credit cards etc...but ive been working a great job now for over 2 years and making twice as much as I did a years ago. Most of my bad credit happened when I was 21 thats been 6 years ago. Im currently in a vehicle that I owe about 3k more than its worth. Any suggestions on where to get approved?
Answer: Don't listen to "Alonzo", it's just another spam answer to lead you to that worthless website.
Several things working against you... the negative equity makes it harder to get financed, as most lenders won't overallow to try and cover it unless you have awesome credit. Do you have cash down? You'll probably need it.
If you've banked at the same place for awhile, go see if they can help you. Offer to have them debit the payment each month.
Also, you keep getting inquiries to your credit each time you fill out another application. That's hurting your score right now, plus dealers know you're getting desparate.
Try drivetime's online site.
AVOID the "buy here, pay here" lots, which you probably know.
Question: How high are interest rates on a car loan on bad credit?
I just want to get a general idea from people who have or who have known someone else who have gotten a car loan on bad credit and how high the interest rate is.
Let's say the applicant has a well-paying job but only for the past few months (say, 90k/yr). Looking at a new car 20-30k, on a 5 year payments plan. Down payment is 10%-20%.
What interest rates would you expect for mid-500's credit score?
For 500?
For high 400's?
Even lower? (is that possible?)
So car loan companies look at a lot more than just the credit score, right?
As in, a 550 credit score (due to no credit history) is much better than a 550 score that's due to collections and late payments.
Answer: Thats a decent down payment. It really depends not just on yuor credit score, but reasons why your credit is bad. Car financers will look closely at things like bankruptcy or collections If those things are on your credit you will be paying heavily. Upwards of 15-20%.
Now if your score is low just due to things like too much debt or lack of credit history, then you will be ok assuiming that your income is good.. maybe 8-12%.
Question: How to get a car loan with bad credit?
How can you get a car loan with bad credit?
Answer: More details would get you a better answer. In general many franshised dealers will have a person (Special or Secondary Finance MGR) that will have a selection of lenders that deal with problem credit.
When you go to the dealership insist on talking to that person, don't waste time with a salesperson before you get to talk with the Finance Mgr. They will usually have the experience to look at your credit and application and tell you your chances of getting approved and the best way to present your situation to the lender. USE THEIR EXPERIENCE to your advantage. Listen to them when they tell you a price range or payment you will need to be able to get financing offered.
Expect to need a down payment of 10-25% and / or a Co-signer depending on the type of bad credit and the amount of good credit you have. Also expect a high interest rate 15-26%. Usually the more you put down the lower the interest rate. This is because your large down payment will help insure the bank will get all their money back if something happens and you don't finish your payment obligation.
Most online offers of auto credit will sell your information to these dealers when you fill out the online application. I know I have worked for dealerships that buy hundreds every month. So cut out the middle man and control where your personal information goes. Don't fill out an application on line unless you are convinced it goes DIRECTLY to the dealer or lender of your choice.
Make sure any loans you accept will be reported to the credit report. You don't want to make payments on a car and not get credit for it.
Most buy here,pay here lots don't report to the credit reports. like an outside lender at a franshised dealer will.
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