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It is easier for a person with bad credit to get a car loan than almost any other type of loan because studies have shown that an auto loan is the loan people will try their hardest to pay. However, a person with bad credit may have fewer lenders to choose from because many major auto companies only finance borrowers with higher credit scores. Also, a person with bad credit will face much higher interest rates.

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Q: Is it very difficult to get car loans for bad credit?
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Related questions

What does a loan for people with bad credit do for people?

Loans for people with bad credit allow people who have made financial mistakes to get their lives back on track. However, getting a loan with bad credit will be very difficult.


Can one get debt consolidation loans with a bad credit?

Getting debt consolidation loans with bad credit is possible, but extremely difficult. One would have to find multiple offerings for debt consolidation loans and see which of them offer them to people with bad credit.


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.


What are bad credit secured loans in the UK?

Bad credit secured loan in the United Kingdom basically allow you to get cash loans despite a bad credit history. It is very easy to apply and get your money fast.


What can be done to help someone get mortgages if they have bad credit?

It would be very difficult to get a mortgage with bad credit. A mortgage broker may be able to help, but in order to get a mortgage it is usually advisable to get a good credit rating by taking out small loans first.


Where can one compare unsecured bad credit loans online?

One can compare unsecured bad credit loans online by looking for the website Personal Loans For Bad Credit. There are other sites out there, but this site can do the comparisons of bad credit loans.


How can I get a mortgage with bad credit?

It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.


What exactly are tenant loans?

Tenant loans are unsecured loan for people with bad credit or no credit. There are different kinds of tenant loans, private tenant loans, bad credit tenant loans.


What companies in the UK offer loans for bad credit?

There is a United Kingdom based website called Loans for Bad Credit. On the website you click the link that tells you to get a free quote. Beware, though, most of the companies that offer loans to people with bad credit have very high fees.


Where can one get a loan to repay credit card debt if they have very bad credit?

To get loan for repaying credit card debt if one has bad credit, one should contact banks or other financial businesses that are specialized in bad credit loans. There are also online resources for bad credit loans such as EzBadCreditLoans and BadCreditLoansWire.


Where can a person with bad credit shop for automobile loans?

A person with bad credit can shop for automobile loans on the Road Loans website. Another good place to get automobile loans with bad credit is the JD Byrider website.


What do credit mortgage companies do when faced with someone with bad credit?

Some companies are capable of underwriting their loans to customize them to meet the needs of their customers. It is very difficult for the banks to buy and sell mortgages when they underwrite them. Most major banks will not change the terms of their loans for this reason.