0
If you have bad credit what kind of interest will you pay with car loans?
Wiki User
∙ 12y ago
It really depends on your credit score, and where you are getting the loan from. Anything below 640 is sub-optimal and if you are below 500, you can be refused. There are lenders that will lend to people with less than perfect credit, but I've heard the interest rate can be around %20!
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are Bad Credit Loans?
more then 7% interest
Are interest rates on auto loans much higher if you have bad credit?
Interest rates on auto loans are much higher with bad credit compared to an auto loan with good credit. Many times a person with bad credit will receive an interest rate of 18% and up.
What are considered bad credit loans?
more then 7% interest
Where is the company Fast Bad Credit Loans located?
The company Fast Bad Credit Loans is located in London, England. They offer loans to those with bad credit when one needs a loan in a hurry. The interest rates are very high though.
Is it possible to apply for loans even if you have bad credit?
Yes, it is remarkably easy to apply for a loan with bad credit and there are many companies that specialise in giving loans to people with bad credit. It is often the case that people with bad credit will pay a higher interest rate.
Do people with bad credit generally pay more for car loans?
Yes, people with bad credit generally pays more for car loans. This is solely due to the interest rate that the person with bad credit has to pay. The higher interest rate adds more to the total amount of the car loan.
Do people with bad credit pay more interest on a home loan?
Generally, people with bad credit must pay more interest on a home loan; however, there are programs existing allowing people with bad credit to reduce their interest rates on home loans.
What interest rates are charged to people with bad credit at payday advance companies?
People with bad credit sometimes turn to payday loans at payday advance companies. These loans can have exorbitant interest rates, sometimes being as much as 400% APR.
Where can you find loans when your credit is poor?
Poor credit will not keep you from getting a loan. Some banks and credit unions offer higher interest rate loans for people with bad credit. Pawn shops and pay day loans are found in the yellow pages. Most of these loans have very very high interest rates and are not a good option.
Are cash advance loans a good idea for someone with bad credit?
No the interest rate is to high.
Are there any legit bad credit loans available?
Yes, but avoid since interest is exorbitant.
What cash lenders will loan money to people with bad credit?
There are a few different options available where one with poor credit can get a loan. There are sites that one can apply online such as "EZ Bad Credit Loans", "Nations Bad Credit Loans" and "Bad Credit Loans Wire". One must read the fine print when applying as these often come with high interest rates.
