Bad credit / car loan / co signer?

yeah , lol skooter might not work so well . I drive an hour to work and an hour home… see I’m telling you.. this is why it took me 8 months to even find a job after college. It was the closest thing available and its still far as heck . frustrating.

FILED CHAPTER 7. I FILED ABOUT 4YRS AGO AND MAKING PAYMENTS OF $500 A MONTH.THIS WILL SOON BE PAID OFF. I NEED A CAR AND WOULD LIKE TO GET ONE AS SOON AS THIS IS PAID OFF. WHO WILL LOAN ME THE MONEY FOR A CAR?

After the fiasco with all the banks making home loans to people who shouldn’t have had them, and sending credit cards out to every Tom, Dick and Sherene…they’ve gone back to the old standards of good credit scores and long term employment(that’s not saying you can get a loan with good credit scores and long term employment, either…they’re hanging on to their money). The banks already have enough bad loans out there to break the whole country…so there is no such thing as an easy loan any longer.

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So you have bad credit, right? Doesn’t matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your way you must do your homework first and then go well prepared for the loan. First, take out all the copies of your credit report from all the three reputed agencies, instead of having the report from just one agency only. The loan provider may ask for the report from any agency.

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Check the report thoroughly for any inaccuracies in it. Make sure that all the past payments find a correct mention in it. Secondly, apply for the loans with an improved FICO score. Because of late payments, arrears payment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers’ confidence to some extent and the approval may be easier to come.