Bad Credit Auto Loans

When your credit is bad, you end up paying more for larger items that need to be financed. This applies to home mortgages and also auto loans. If you read the small print on car ads you will notice that most of these great offers are only eligible to people with a beacon score over 740.

Once they get you in the car dealership and you fall in love with the new car, they will run your credit and give you your auto loan options. If you have bad credit you might only have 1 or 2 companies that will accept your loan. The good news is that if you take the loan and pay it on time for at least a year, you can try to refinance your auto loan. More info: Bad Credit Auto Loans

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