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If one has bad credit then one can only buy a house if one can convince the mortgage lender that one is able to pay for it. This might need proof that one is paying off any debt and clearing the bad credit record efficiently.
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∙ 10y ago
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How might one still buy a house with bad credit?
By taking time to pay your debts and improve your credit rating you can make yourself eligible for a good credit rating resulting in mortgage approval. Paying your debts in full will prove you are serious when applying to buy a house
How can people with bad credit buy cars?
It is almost no way in order for one person with bad credit to purchase cars. However, in some cases, it is still possible for some one to buy cars with bad credit.
How can a bad credit affects ones financial life?
If one has bad credit, banks and other firms will be more reluctant to let you get a loan (your credit score reflects your inability to pay it back). If you cannot get a loan, you may not be able to buy a house or use it to start a business, etc.
Where can one buy a car if one has bad credit?
One is able to buy an automobile in several places in retail stores and online if they have bad credit such as the following locations: Auto Trader, Drive Time, and Suburban Fresh Start.
Are there any books that describe how to get a loan with bad credit?
Yes there is one book called "Living Well with Bad Credit," which goes into detail about how to deal with bad credit to achieve things such as buying a house, start a business and get a loan with bad credit.
How can one obtain car financing if they have bad credit?
To obtain car financing with bad credit can be done by purchasing from a car lot that advertizes " buy here pay here". You will find that with bad credit you will pay a higher interest rate than if you had good credit.
Where can one buy a used car even with a bad credit history?
One can buy a used car with a bad credit history from the following stores: DMV, Auto Credit Express, Bank Rate, Cars Direct, Stone Acre, Free Credit Store, Valley Auto Loan, Car Craft, Auto Trader, to name a few.
Where can one with bad credit obtain auto loan financing?
Someone with bad credit can get an auto loan financed by either getting a co-signer that has better credit than they do, or going to a buy here pay here type of place that helps you rebuild your bad credit or establish your credit if you are just starting out.
How does one receive bad credit for a bank loan?
One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.
How do you buy a tractor trailer with bad credit?
If it's bad enough that you can't get financing, you either find someone who is willing to finance you in-house, or you don't buy one. -- Better Answer: If you cannot get financing... "Cash" -- But, of course, if you actually had the kind of cash available where you could buy a truck and trailer up front, you wouldn't be asking a question on how to get financing.
How easy is it to get home loans for people with bad credit?
Obviously, it is harder to get home loans with bad credit, but it is not impossible. Logistically, there have to be methods to do so, otherwise a certain percentage of our population would be unable to buy homes. There are companies and organizations that help to improve one's credit as well as loan to those with bad credit.
Where can one find lenders for loans if one has bad credit?
Finding lenders for loans if one has bad credit could be pretty tough. One would find it harder to get a loan with bad credit, as opposed to if they had good credit.
