I’m a couple grand in debt, not much really but i’ve been late on a lot of payments as a result of being unemployed for a time. My car is about to give up but right now i’m new in my job and can’t afford to pay the huge payments that my credit card requires. Does anyone know of a good way to get a car loan depite bad credit?
Go to one of those places that no on will be turned down! You will pay a higher interest payment but they do work! Or get a co-signer!
How do I get a car loan with a crappy credit history?
By admin in car loan
Nov
7
Comments
sure, most car dealerships will give you a loan with like 30% interest!
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Go to one of those places that no on will be turned down! You will pay a higher interest payment but they do work! Or get a co-signer!
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You need to talk with a financial planner. Managing your debt when you’re poor is even more important than managing your wealth when you are rich.
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I hate to say I doubt you will get a loan. Banks look for 2 years steady employment in the same line of work. Your degrogs will hurt you a lot. I do have bad credit and I am paying 21.9% interest on my car note. Take if from me hun get a $2000 Toyota or Saturn or something and don’t bother with costly car payments.
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But otherwise try CITI Financial they got me done
If you can get a cosigner w/ desent credit you would be able to get a car loan. But if you cant pay your credit cards how are you gonna pay a car payment, if that car gets repoed not only is your credit screwed but so is your cosigner.
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A large down payment or get one at a buy here pay here lot, then ask them to report to the credit bureaus. This will raise your credit and help you get a loan in the future.
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Take the bus, save your money and then pay cash for a good used car. Then you will not have any payments.
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Life experience!
You can get a loan, at a crappy interest rate.
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I found some good info here.
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http://www.bad-credit-loans.jims-info.com