I dont have the best credit and I am trying to apply for a vehicle loan, I heard that there are companies that assist solely in helping people with bad credit find loans. I am not looking for a loan company, just a company to help me find someone to give me a loan, does anyone know a company like this?
2007-11-23 11:57:03 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
Almost any car dealership will have financing sources available for those with less than perfect credit. Yes you will pay a higher interest rate and yes you will probably need a fairly large down payment. The companies that lend you the money are trying to make sure that they don't lose money on the deal. Contrary to what Debt Slayer says, one of the best ways to re-build your credit is to buy something like a car and make EVERY PAYMENT ON TIME EVERY TIME.
2007-11-23 12:55:37 · answer #1 · answered by BigDog507 5 · 0⤊ 0⤋
If you do find a finance company that will take you on, then use this loan to rebuild and repair your credit! You really need to look at my website and read it all because credit repair is something I had to do after my ID was stolen and then I declared bankruptcy, so this is something I know about!
I still got my score up from 486 to 730 in a little over a year by making my payments on time and challenging the negatives in my report until I got 10 of them removed!
I tell all about how I did this in my website and I did it legally!
Once I learned how credit and credit scoring works, my life got so much better and now i have lines of credit if I need them!
2007-11-23 13:23:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most auto sellers have a finance dept set up called Special financing........which is a nice way of saying for those with bad credit.
Sure, they charge you excessive fees, but they do get you into a car. After you've paid off your loan then you will be in a better position to negotiate other credit offers.
2007-11-23 14:57:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sometimes a car dealer, new or used, can help you get financed even if you can't just get a loan from a bank. The interest rate will probably be high, though.
Watch out for any answers you get here promising to get you a loan, or for anyone who wants an upfront fee - they're most likely scams.
2007-11-23 12:01:39 · answer #4 · answered by Judy 7 · 1⤊ 0⤋
If you go to a car dealership that accepts all credit types a certain set of cars you can look at. They will run your credit and find out your score then go from there. Some places except certain scores and will work with you. You might have to come up with a bigger down payment.
2007-11-23 12:07:19 · answer #5 · answered by chicken2008 5 · 1⤊ 0⤋
How lots do you're making at a factor time job? i might think of in spite of the motor vehicle as collateral, you have gotten a heck of a time getting a private loan devoid of credit. I guess they assist you to realize to get a cosigner quite.
2016-10-17 22:31:09 · answer #6 · answered by staude 4 · 0⤊ 0⤋
save and get a cash car. It'll get better gas mileage if its not dragging a payment book behind it. Put what would have been you payments in the bank.
No payments = cash in the bank.
Debt free is definitely the way to be!
2007-11-24 09:15:15 · answer #7 · answered by heybulldog 5 · 0⤊ 0⤋
You should save up your money and buy a car with cash. If you can "afford" to take out a loan and make a monthly car payment, then you can "afford" to save up for a few months and get a used car. If you get tired of your used car, save up some more money, and buy a new one.
Don't repeat the same mistakes by going further into debt.
2007-11-23 12:18:44 · answer #8 · answered by Debt Slayer 4 · 0⤊ 2⤋
credit union
2007-11-23 15:39:15 · answer #9 · answered by Anonymous · 0⤊ 0⤋