Car loan with bad credit score – Is this possible
Are you considering buying a car but afraid just because you have a bad credit score? Bad credit score does not mean end of the world. Its true that having a good credit score is very much important. But a person with bad credit score can also get his loan approved.
There are number of money lender who offer loan to individual who have a bad credit record. The only drawback of borrowing loan with a bad credit score is paying high interest rate than what you would have actually paid if you had a good credit score.
How can you get car loan with a bad credit score?
1. Dont rely on the money lender: You might come across many money lenders who will agree to pay you credit. Its very important that you do not haste in getting your car loan approved. Money lenders may try to rip you off just because you have a bad credit history. You must compare the rates of different money lenders but actually arriving at a decision. A good search can help you fund lenders who are willing to provide you loan at a much lower interest rate.
2. Check your credit report: Its very important that you check your...