When just starting out in life, it’s difficult to establish any credit. If you’re in college there are a lot of great options to help get your credit on its feet without having to finance a home or car. While car loans and home loans are the most exceptional types of credit, meaning they give [...]

Bad credit auto loans are a dangerous proposition. They have high interest rates, poor terms (like early payment penalties) and require large down payments. Auto loans for people with bad credit are only good for creditors. There are some bad credit loans and lines of credit that are beneficial, believe it or not, but those [...]

Suffering from bad credit is frustrating and best and embarrassing at worst. It makes it nearly impossible to buy anything without paying anything on time without adding hundreds to thousands of dollars extra to the cost. When you’re in trouble financially, enough to create bad credit, the last problem you need is to add an [...]

In normal fashion, we’re going to take some time to address the question of a loyal reader, “What is the typical down payment required on a car loan, for people with bad credit?”
This question depends on a few factors.
If your credit is really bad, say 550 or worse, you will probably end up putting [...]

In 1988 I bought my first car. I bought it used and paid it off in full. That same year my sister financed a brand new car. The car ended up being one of the worst investments she could have made. What was the problem? She was getting her first car, her first loan in [...]

If you have bad credit and are looking for a car loan, the options are a lot fewer than if your credit was good. Unfortunately, although there are many “second chance” car loans to be had, those banks like to charge a lot more interest than normal loans. Sometimes, however, there are other costs [...]

Do I think you should do this? No. It’s a bad idea. That said, this is how you can do it if you really want to.
Getting an auto loan with bad credit is not easy, but with a bit of patience, you can take advantage of several options to obtain the car you need.
The [...]