is it possible that i could get financed for a car with a 562 credit score, i got a credit card from orchard bank, so i think im eligable for something at least, but i wanted to ask you guys first, thanks deedz
has anyone had problems with this before? would i be able to go to a buy now pay now shop and get financed for a car? just needed some feedback thanks deedz
Those places are very good at financing people with bad credit...for outrageous finance charges and notoriously short terms, resulting in VERY high monthly payments. You can try, but be VERY careful, read the contracts thoroughly and make perfectly sure that you can afford the payments over the term and that you don't mind paying up to 30% interest. If possible, I would see what I can buy with cash, and work on building your credit more before trying to get an auto loan.
Hi , I had EQ & TU scores in the high 500's & EX in the low 600's last aug. Bought a new car @ carmax - The dealer checked multiple sources & I was financed through Cap1 @ 14.75% for 72 mos. using the cash back as a down payment - I will re-fi with my CU later this year. Keep in mind that I was turned down by Cap1, roadloans, & others previously & other dealers were quoting 20-25% intrest for 60 + months.... D
