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Credit mix: A diverse mix of credit accounts, such as auto loans, mortgages, and credit cards, show banks that you can manage various types of debt. While this is another small factor that goes ...
Bad credit loans are available through online lenders, select community banks and credit unions. ... your lender could repossess your car. Bad credit loan application tips. ... Prequalify first: ...
In fact, many online lenders offer bad credit auto loans with competitive rates and generous repayment terms to consider. Next steps. If you have bad credit, it may be tougher for you to get a car ...
A bad credit auto loan works just like any other auto loan. The only difference is the recipient’s credit score, which impacts the terms for which the borrower qualifies.
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Ask the lender to modify your current loan or consider trading your car in or selling it privately to get the relief you need. But if refinancing is the right choice for you, check out Bankrate ...
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