Do you have bad credit. Are you 100% sure. Many times in the car
business did I make some good money on people that thought they had bad
credit but did not! If you have not seen your credit report and score go
toEquifax.comNow
andgetyour 3 in 1 credit
report and score! If you truly have bad credit
read on or if you still do not know.
Driverloans.com
handles all types of credit.
IF YOU HAVE A SCORE UNDER 650 KEEP READING!
Look at your report and make a list of the derogatory
things on there. Now if you need a car loan now then continue to the
next paragraph but if you have a few months read on. Now with the list
of derogatory things that are on your credit. Organize them by least
amount owed to most. Make sure to have the companies name, your account
number and the phone number on the report for the company. Now decide if
there are any you can pay and if so make the payment to them. Make sure
to get a letter from them stating the account is paid. Next call the
ones that you can not just pay off and see if they will take a
settlement amount for the account or set up a repayment plan. Get either
in writing. Pay on these and make sure to check your credit to see if
the ones you pay off are showing paid. Also if your credit is really bad
do some more research on cleaning it up.
Now that is done a few things you need to know about a bad credit loan.
One is your going to pay the piper for your bumps in the past. So the
interest rate is going to be higher and the down payment may be more but
it has to happen to get back on track. You should still try and get the
best rate possible for you!!
Just because you have bad credit does not mean you should let a dealer
bully you into a loan with a high interest rate if you can get better.
So shop for a loan just like a car! Know where you can get the best deal
at!