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Where can one find how to buy a car with bad credit for a low interest rate?
Wiki User
∙ 10y ago
Cash Direct has some information on dealing with this situation. Usually, local dealerships would still sell a person with bad credit a car for low interest rate because they need the customers.
Wiki User
∙ 10y ago
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What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
How much interest would you pay if you take out a bad credit finance type loan?
Bad credit finance is at a higher interest rate upwards of 15%, sometimes closer to 30%. Lower rates are hard to find with bad credit.
How to obtain a mortgage with bad credit?
If you have a bad credit rating, you will have to pay a higher interest rate. This will be like a penalty for having bad credit.
If you have bad credit does having a cosigner with good credit on the loan lower your interest rate?
No. You are considered the primary debtor and therefore the interest rate would depend on your credit history.
Will they give me a mortgage if I have bad credit?
Often you can get a mortgage with bad credit. Bad credit can, though, increase your interest rate, increasing your monthly payment.
Can I get a home loan if I have bad credit?
It is tough to get a home loan with bad credit, however you may be able to get a home loan with a higher interest rate. It will also be easier if you can find a cosignor.
Is it difficult to obtain a low interest rate credit card with bad credit?
Credit card companies provide people with credit cards on the basis that they will earn money from the interest a customer repays. If you have a history of bad credit it is unlikely that you will be able to own a credit card with a low interest rate, as providing you with a credit card seen as a higher risk to the company providing it.
Are interest rates on auto loans much higher if you have bad credit?
Interest rates on auto loans are much higher with bad credit compared to an auto loan with good credit. Many times a person with bad credit will receive an interest rate of 18% and up.
How can one obtain car financing if they have bad credit?
To obtain car financing with bad credit can be done by purchasing from a car lot that advertizes " buy here pay here". You will find that with bad credit you will pay a higher interest rate than if you had good credit.
Can I obtain a credit card with my bad credit?
Yes you can in fact get a credit card with bad credit. You will have to pay a high interest rate than others because of this though.
What are some poor credit credit cards?
Many people would consider most credit cards bad, however, if you are careful, they can be quite useful. Some of the bad ones have high interest rates. Capital One has an average interest rate of 19.9% which is extremely high, where most people would consider that a bad credit card. Also, a credit card with a high interest rate and no rewards is another example of a bad credit card.
Which credit card for people with bad credit has the lowest interest rate?
Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Visit www.CaptialOne.com for more information.
