Has anyone got a bad credit auto loan? I need one, and can’t seem to find one. I’ve tried applying for a bunch, and can’t seem to get one.
I’ve worked at my job about 10 months, rented for about 1 year 2 months, and make about 1500 a month gross. My credit has been awful since June when I stopped paying on about 8 different credit cards. So it’s definately rated at BAD.
Any feedback would be great! Thanks in advance!
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check out http://www.speedyloanapprovals.com under auto loans these guys work with local and national lenders.
You stopped paying on eight credit cards? Your only hope is a "buy it here, pay it here" used car. Expect to pay out the yingyang on interest.
thats why you buy what you want BEFORE you screw up your credit
There is a company called Prestige Financial. They are based out of Sandy Utah and they specialize in this sort of thing. But the way the world is going now, you might not have any luck.
You’d be surprised how many people buy their cars for cash. You can bargain the price down to nothing with cash in hand.
I bought my first car for cash. It took me 6 months of saving (hard), but I did it.
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Ok, despite all the rubbish spam answers you’ve received, there are actually legitimate options out there for bad credit auto loans.
You won’t be able to get anything from a bank at this time, why would they loan you money when you stopped paying off their credit cards?
Your best bet is to go to a broker who deals with this sort of problem for a living. What a broker will do is submit your application to multiple lenders who will then compete for your business. You just pick the best deal for you.
Bear in mind that their interest will be higher than banks as the money will come from private lenders who are capitalizing on the economic crisis.
The link below is from a scam review site, it has three recommended brokers on it who deal specifically with bad credit auto loans.
Keep up with the payments this time, and this can be a great way to improve your credit with private lenders.
Good luck, hope that helps.
Dan