Bad Car Credit Loan

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Bad Credit Need a Car Loan

So you’ve obtained bad credit and need a vehicle loan. Life just getting in the clear way of the fun Ever wish you’d won the lottery and could just forget about that ten-keg party you put onto the ol’ credit card like a gift to the frat home

Now you’ve been from college for two many years, met the girl of one’s screams and want to commence your own version of The Addams Family But you’re from dough, short upon flow, and concerned that the company you happen to be trying to get a job at only won’t hire you if they do a credit check and find out you’ve acquired $500 worth of edible underclothing and never even paid the credit card company back

What’s worse, you know you’ve got bad credit and you also need a car loan Oh, brother, sister, I’ve been there, and can let you know it’s no joy even contemplating explaining the specific situation to your older brother or your parents to have an emergency bailout -for the third period, no less.

The simple reality, though, is you are an adult now, and you also want to feel like a grown-up. This includes all of the trappings of adulthood. Forget the newest skateboard or bling-bling which used to feel thus cool. Fact is, if you don’t that is greater than a vehicle. And that’s what you’ve just GOT to have. Hell, it’s gonna get you to and also fro work, isn’t it, so it’s an investment (besides just becoming down-right snappy-cool). So down to brass tacks.

The fact is, bad credit, when seeking a car loan or any kind of loan, is bullocks to the thoughts, a real hassle. It’s time and energy to get your business in one sock, put the beer lower for awhile, and also screw your head upon just a little tighter.

Because you’ve got bad credit and desire a car loan, a car alone, and everything else which goes with this (simply no, not just air conditioning and power windows -I mean girls, guys, excursions to the Sierras, whatever your own taste), it’s time to perform adult, at least with regard to awhile. This means getting all the money you’ve got loaned out to your friends, into your pocket.

Once you’ve got somewhat stashed away for a day you need it, put on your rubber footwear, the downpour’s here. Obviously, there’s two ways to do just about anything, the right way, and the fast way. If you wanted the proper way, let’s face it, you wouldn’t still be reading. So…

The short way. Bad credit does not make for a car loan, correct Well, the quick method around this is going to a credit fix-it company. You know the kinds: advertise late at night so they can bottom-feed on people just like you and me who have no credit left so can be stuck watching the tube and hoping for a life.

The fact is that each one of these companies do ‘s what you could probably carry out yourself. Hell, you happen to be resourceful, you’re clever, you’ve got $500 worth of edible underwear ready regarding wear or whatever (well, at least half regarding it’s survived the final party). See, although you may do have bad credit, an automobile loan’s not so far away. Almost as near as that draught beer calling you from the next room.
Clean up the credit, one way or another. Only know one thing -well, two things, actually. Not paying your credit back -no matter how you clean up your own credit reports or think about it, is theft. Don’t get it done. Too much. Also, next time you throw a killer party, be sure you say one word, along with your credit report will many thanks all the more for it: T.Y.O.T. Bad credit Forget about it: now go get that automobile loan!

Comments: 22

  1. Angelo May 30, 2013 at 6:17 am Reply

    Which would be worse for my credit? And what could happen? Defaulting on a car loan or defaulting on an credit card loan? If I give the car back can they sue me for the amount that I am upside down? What can a credit card company do?

  2. Cortney June 8, 2013 at 1:11 pm Reply

    This will be my first car loan. My credit score is 678 and it will be for a used car.

  3. Mike June 22, 2013 at 10:52 am Reply

    My credit score is probably 0 (yes I know that’s not possible) but it’s pretty bad. Say for example I want a $5,000-$6,000 car, how much would I have to put down and how much would the interest typically be?

  4. Yetta June 26, 2013 at 12:41 am Reply

    My family and I were in a bad car accident about 2 months ago. We were hit head on by a driver that was on a hallucinogen. Of course, he ended up going to jail and I ended up having to have surgery for a dislocated tendon and I now am the proud owner of 2 screws in my right ankle. I’m thankful that was the extent of our injuries. At the time, we have no debt other than 3 pesky student loans that we are working to pay off. We rent our home at a reasonable price and just recently got serious about saving money as we were planning to have another child. Buying a car wasn’t in our immediate plans. Needless to say, it is something we must buy as both of us work on opposite sides of town. Debt scares us! We have been preapproved for up to 18k from our credit union and found a 2012 Camry with 5000 miles that we can pay on for 5 years at a reasonable payment and interest rate. Should we go with the newer car? Or should we take the 3k we have to put down and find something with higher miles, older and buy something in the 10k range? I’m very stressed over this. We want a reliable car, but we stress over the debt it can cause. Help? Opinions?
    I have an attorney! 🙂 We went the very next morning! I am still being treated by my orthopedic surgeon and will have to attend physical therapy. There will be no settlements until after all my treatment is over. It could take a year or more depending. Therefore, we will get a fairly decent settlement but it will not be immediate. I definitely wouldn’t go after this guy alone.

  5. Robin July 26, 2013 at 2:14 am Reply

    I have poor credit and am wanting to get a car from a private seller. I don’t know what companies would approve me. If anyone has been in my situation and got approved for a car loan with bad credit, please let me know!

  6. Nelson August 11, 2013 at 5:30 am Reply

    I have bad credit but no major issues like bankruptsy, child support or anything like that….I make great money and am trying to re-establish credit…I know there are banks out there tied to dealerships that will finance me but I want to buy from a private owner and go directly through an independant bank. I plan to put down about 50% cash? Please help!

  7. Emely September 20, 2013 at 3:26 pm Reply

    I’m trying to get a car loan, but my credit looks bad because of “delinquency” that Rogers put on it.
    But there are so many lenders and I don’t know which one is legit or have the best interest rates.
    Anyone tried one of those?

  8. Janelle November 13, 2013 at 7:55 am Reply

    I have poor credit and am wanting to get a car from a private seller. I don’t know what companies would approve me. If anyone has been in my situation and got approved for a car loan with bad credit, please let me know!

  9. Kortney November 13, 2013 at 7:55 am Reply

    I have bad credit from when I was in college. I have tried getting a car at several different dealerships and they all want a cosigner. I don’t have anyone. Is there any where I can get a bad credit car loan that is reputable. I own my own house, I don’t understand why I can’t get a loan and secure it with my home.

  10. Laurence November 13, 2013 at 7:56 am Reply

    I’m going to look at some cars today and thinking about trading mine in. The car I’m looking at is probaly 4,000 more than what they will give me for my car. I have bad credit so how would I get a loan for the rest of the money. Would they just charge me a really high APR?

  11. Alfonso December 21, 2013 at 1:55 am Reply

    Just answers on bad credit loan companies that really work?

  12. Gary December 26, 2013 at 5:03 am Reply

    options for a used car loan, shouldn’t that same person be able to obtain a sub-prime loan themselves, without the dealers, in order to buy a used car direct from an individual? Seems like they should be able to do so. But where would someone start to go about obtaining such a loan?

  13. Tommy February 21, 2014 at 1:00 am Reply

    I’ve been trying to figure out what’s the best way to build up credit history but it’s been taking me some time since I only have a Kay Jeweler account and I barely just started using it. The only credit I have is from my student loan which isn’t much. I’m trying to get a car but every time I go to the car lot it fails and my credit score goes down because of the multiple hard inquiries. Now I’m stuck. How can I find a way to build up my credit to good standards enough to get a car within 6 months to a year from now?.

  14. Shelley February 21, 2014 at 10:58 am Reply

    I need a decent loan, about £1000, but have bad credit rating, any ideas of companies out there that won’t rip me of left right & centre!

  15. Thomasena February 22, 2014 at 5:37 am Reply

    OK i have crappy credit, let me just say that up front. So i went to get a car loan and was finally approved and when i saw the car sale price it was about 4500.00 above what was priced on the car. Now it happens i had a trade in that was for 4500.00
    I was told the extra amount was added on due to my bad credit and it was a “Acquisition Fee” Now i have looked on the internet and see a lot of this for leases but i do not see any for this high amount. If anyone knows about this please let me know, i have held off on the purchase to get the info on this so please add your input. I made poor choices before and that is what got me to the land of bad credit, so i want to make the correct choice now.

  16. Erma February 22, 2014 at 7:33 am Reply

    I am 23 married with a 2 year old daughter. My wife is working part time and going to nursing school and I am a stay at home dad. I have bad credit do to messing up when I was younger. I need a loan to pay off past and current debts. I’ve seen places like credit.com. Any and all help is greatly appreciated.

  17. Annabel February 22, 2014 at 7:34 am Reply

    I have had problems handling and managing money and my finances
    I would like to buy a car but they tell me that i have bad card credit
    What should i do to help out my situation
    I really want to get a car

  18. Fidel March 6, 2014 at 2:08 pm Reply

    Does anyone know of a good company to go with for a bad credit auto loan in South Georgia? Need a auto now and don’t have good credit and no money for down payment. Is there a company that can help us?
    Our bad credit is not that we don’t pay our bills. There are two people with the same name ,both in the military. One is retired. The other person’s non payment of his bills has been attached to our credit. We have worked really had to get most of his information off our credit report but still haven’t been able to get some off as fast as others.

  19. Normand March 11, 2014 at 10:35 pm Reply

    As a result of a marriage gone horribly wrong I’ve got terrible credit. My credit score is peaking at an amazing 550 right now. With numerous negative marks. It’s become imperative that I get a new car within the next couple of weeks, and I’ve got approximately $13,000 to put down on a car. I’m looking to get a newer model fuel efficient car and the average MSRP I’m getting sits around $28,000. Can I get approved for a loan in my current situation, and if so what kind of interest rate would I be looking at?

  20. Denny March 13, 2014 at 10:48 am Reply

    Okay i have awful credit from past young stupid mistakes. I make great money now and could easily afford a car payment. however, i cannot find anyone willing to take a chance. i realy wish you could ‘rent-to-own’ a car kind of like rent-a-center lol. anyway i have looked at all the places listed online and either i get no reply or it seems really fishy when i read about it- any suggestions? i have no car and everything i need to get to is at least 30 mins away (grocery store, bank, etc) thank you for any help.
    thanks for the details. i will look into leasing further a few places told me they only leased to perfect credit- i found that odd.

    i do have 2,000 for a down payment but i cant wait to pay a car in full as mentioned. as i said everything i need to be able to get to is a 30 min one way drive and i have no family in this area and friends dont have tiem to drive 4 hrs to take me places. im out here for work and a bit stuck. thanks for the great advice.

  21. Woodrow May 29, 2014 at 5:19 am Reply

    Hello Everyone,
    I just recently graduated college and so I have bad credit to debt ratio because of my student loans. I pay the minimums on my credit cards however I have one bill for 300 dollars that is in collections in my credit report. Other then that everythings pay as you should. I only have a credit card and a macys card that together have a credit limit of 700. I have roughly 25000 in student loans that are still in deferment. I have a 103% debt to credit ratio. I dont know my score because i didnt pay for it.
    Anyway my question is I just got a new job that pays 33k a year and start this week. But I dont have a car to get me to that job. I have my eye set of a car that is 14 thousand, and have a car that is worth 5-6 thousand for trade in and my down payment. My girlfriend said she will co-sign for me but her credit is only in so-so condition. Together will I be able to get a loan for the remaining amount even if its a high interest rate like 23 percent? I know the economy is bad right now so I dont know what to do. But i dont want to buy a clucker car and want to reward myself since I just got a new job and will consolidate my student loans and I only pay 400 dollars a month for utilities and rent. This is my first car I’m trying to buy on my own and I would greatly appreciate some advice. If there is anyway I can purchase the vehicle I wouldnt mind kind of getting the short end of the stick on interest rates, once i pay my car payment and student loans my credit will begin to improve.
    Thanks everyone!
    The car that I can trade in is starting to have transmission trouble but isnt that noticable so I want to trade it in for a fully reliable car. I dont want to buy another 5 thousand dollar car and risk that, id rather pay higher interest rates and have a car I dont have to worry about having a problem with and will be good in the winter. My main question is will I be able to get the car loan wiht the informaiton I provided? Thanks guys!
    Also the 23 percent interest rate was just a guess, I’m just saying I dont mind paying more for reliability and not having to worry about getting a car for the next 4 years or so. (The vechicle I’m looking to buy only has 30 thousand miles) Thanks guys!

  22. Kurt June 7, 2014 at 2:03 pm Reply

    I’m looking to purchase a car in about 2 months. My scores are 603, 603, 598. My gross monthly income is just over $4500 and I’ve been with my current employer for 6 months (prior was nearly 2 yrs of being unemployed). As of today I have roughly $3500 for a down payment and will probably be looking to put down $5000 when the time comes. I’m just trying to prep now to give myself the highest probability of obtaining approval. As for monthly expenses, they’re virtually $25 (credit card) and a deferred student loan of $345 (it’s been in deferment for 2 yrs). 6 yrs ago I messed up my credit and have 2 judgements against me, $444 and $1088, both which will be paid within the next 2 weeks. Hopefully it will help. Anyway, what would you recommend I do to improve my odds? On a scale of 1 – 10 how difficult of a scenario am I looking at?

    Also, the judgements were from 2009 and 2010. Everythig else on m report has been current for over 12 months.

    Thanks in advance!

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