Hey, are you keeping low at the beginning of the year, since you failed to keep the promise to your child of availing a car. Gosh, never feel that. Jump back to action as bad credit auto loan is going to make your dream come true. Stop not your family from dreaming.
If you have accounts of delayed payment have lowered your score or if you are unable to deal with the huge errors on a credit report, then credit score is going to suffer. However, will it restrict you from getting a car loan against your car?
No longer since the car loan lenders have introduced the bad credit loans for the people like you. We all have a conventional notion that bad credits hurt and will keep you away from having loans. However, the subprime loans, which the dealers are providing people, are easy to handle and will help to get the car of your choice.
The interest rate is slightly higher, but if you prepare yourself with a down payment and maintain a steady payment of the bills every month, then you can go for refinancing in the next year.
So do away with your fear and keep your child’s promise, get a car soon.