Ive done some searching/ applying online but im constantly denied or offered a scam… Im in a serious financial situation, my husband lost his job, bills are piling up and we dont even have the money to feed ourselves and our animals.
Im trying to sell my vehicle however it is a gas guzzling truck and I need to buy 2 gas efficient cars. My husband will be starting a new job next month and he will have to travel 40 miles to work and back everyday. Since this new job doesnt pay enough to cover our expenses I am also looking for work and will need my own car to get there!
would a car dealership give someone with bad credit and no job or a new job a loan on two cars with a trade in? are there any banks or credit cards that offer loans to people with bad credit?
any suggestions of how I can find help?
if you are in a credit bind, bills piling up – then why in the world would you add to it by getting TWO car payments? the truck uses gas – but it wont use as much gas as a new car payment, gas, an insurance on TWO cars.
Keep the truck, and get ONE cheap, realible car. Since he has to do the traveling, he gets to use the more economical car, you drve the truck locally. You will save a lot that way, as compared to getting TWO car notes on your already shaky finances.
I know you had some loan scams – they are all over the place. For shaky credit, try roadloans.com or drivetime.com. They specialize in bad credit loans. If they can’t approve you, then you are down to a buy-here pay here lot
If you go that route, be aware that most of the cars are marginal, and the rates are high. Miss a payment and the car is on a tow truck. BHPH lots should only be used as a last resort.
July 29th, 2010 at 12:27 am
There are dealerships that specialize in this sort of deal. In Seattle, one such is Pierre Money Mart, telephone 800-800-8553.
References :
July 29th, 2010 at 12:33 am
there are several programs available for people with creit challenges however you said it yourself you dont have the money you have to show capacity which means you have to show them you have the ability to pay the loan back. and based on your history (you say is poor) anyone who you could get (bank Finance inst)to take that big a risk would want the deal stacked so far in their favor you would be set up to fail. keep the vehicle you have find suitable side work
References :
July 29th, 2010 at 12:45 am
if you are in a credit bind, bills piling up – then why in the world would you add to it by getting TWO car payments? the truck uses gas – but it wont use as much gas as a new car payment, gas, an insurance on TWO cars.
Keep the truck, and get ONE cheap, realible car. Since he has to do the traveling, he gets to use the more economical car, you drve the truck locally. You will save a lot that way, as compared to getting TWO car notes on your already shaky finances.
I know you had some loan scams – they are all over the place. For shaky credit, try roadloans.com or drivetime.com. They specialize in bad credit loans. If they can’t approve you, then you are down to a buy-here pay here lot
If you go that route, be aware that most of the cars are marginal, and the rates are high. Miss a payment and the car is on a tow truck. BHPH lots should only be used as a last resort.
References :
15 yrs in the business