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if the principal loanholder defaults you will be stuck with the payments.Miss them and your credit can go VERY BAD!
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∙ 12y ago
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Can you get car loans for bad credit?
This is an interesting question and to actually answer the question would be impossible because no car loan will cure bad credit. However, if the question is supposed to be can I get car loans with bad credit, then the answer is yes you can. It will most likely have a higher interest rate because you are a higher risk, but most dealers have lenders that approve loans for people with bad credit. Yes you can get car loans with bad credit just go interenet there are many sites available who offer car loans with bad credit just apply for car loan there they will contact you if you are eligile.
Where would a person with bad credit go to get a car loan?
There are many places one might go get a car loan if one had bad credit. One of the best options for anyone seeking a car loan would be one's financial institution.
How can one go about buying a car with bad credit?
There are a few ways someone can purchase a car when they have bad credit. A person could always pay cash for a car and not have to worry about their credit. Also, a person could use a high risk loan.
Where can a person with bad credit go to get information on car leasing?
Even those with bad credit can apply for a car lease. Some helpful websites include Top Car Lease Deals, Lease Guide, Cash Fast 123, and Auto Credit Express.
If you cosign on a car and the other person files chapter 13 and is paying on the loan does the company have the right by law to ruin the cosigner's credit?
Each states bankruptcy Laws are different. But in most cases if you co-sign and the loans does not get paid your credit can go down the tubes also.
How could one get a car loan with bad credit?
You can go to a smaller company (not necessarily a bank) and ask them. Plenty of those companies offer a car loan regardless of bad credit, because they want more and more customers.
How can you get a loan with bad credit without a cosigner?
It depends. If it's for a car you can go to any bad credit car place and they will give you credit. If it's for a house you can call a bad credit mortgage broker and they will give you a mortgage if you have a downpayment. If it's a small personal loan you need, go to a payday loan or cash advance store. You need a job and a checking account. Or you can try to get a loan from a bank or credit union if you have collateral like a car or house or something of value. Or you can go get an Auto title loan. You need a clean and clear car title and you get money the same day. These are the only ways I know of.
What happens if you cosign a car loan and the other party then files bankruptcy but secures the loan and will it be on the cosigners credit report or effect it?
The car lender would repossess the vehicle and sell it off, if there is a remaining deficiency, then the lender can go after the co-signer to be paid (so yes it would negatively effect the co-signer's credit rating)
What bank you can go to get a bad credit loan you and your wife have bad credit?
Yes, you can get Bad Credit Loan.
Where can one go to get a bad credit refinance auto loan?
A person can try Road Loans the website to get a loan to refinance their car while they have bad credit. One can also try BankRate, Harbor Credit, eLoan, or use Auto Credit Finders.
Where can a person go to get car loans if they have bad credit?
Any person who has bad credit does not need to go anywhere to get a car loan. There is a much bigger problem at hand. Many dealerships will work with individuals regardless of their past credit history. However, it is highly advised that individuals in desperate need of a car, read the contract carefully. Watch for hidden fees, charges, and changes to the interest rate.
What rates should one expect when looking for car loans for a person with bad credit?
For someone with bad credit rating, he/she can expect to get interest rates anywhere between 7 to 18% on their car loan. In some instances, the rates can go as high as 24%.
