Hi Erica, I’m three months away from being debt-free, but I’ve still got several years to go before my bad credit history is cleared from my credit reports. I hate my current job, but I feel trapped because of my bad credit. I’ve been turned down multiple times for jobs I’m more than qualified for and am starting to suspect it’s because of my credit. I have top of the line skills that are in demand, but I am being held back by mistakes I made years ago. Is there anything I can do? Or do I just have to wait it out in a dead-end job? Sam Dear Sam, Oh boy I have a feeling that you’ve been listening to some people who give information about credit but have no idea what they are talking about. Good thing Read more…
FreeScore: Billy, thanks for taking the time to talk today. I know how busy you are, being the one bad credit score that ruins everything, unexpectedly popping up when people try to use their credit. How does it feel to create so much mischief?
Billy Bad Score: I know, I know, I’m the heavy (no weight jokes, please). But it’s funny how so many people don’t even believe I exist. Or they never consider that one bad credit score is lurking somewhere in their credit profile, so they don’t even bother to check. Not to be mean or anything, but why risk turning a loan application into toilet paper?
FreeScore: Just so happens, though, that more and more people are signing up for FreeScore and getting wise to your antics. We’re getting the word out that people have not one but 3 credit scores, and all 3 need to be good if they want to avoid unpleasant surprises from you.
It had been a trend for the longest time for those with bad credit not to be offered any type of loan due to their credit history. With the growth of the loan industry, this trend has changed.
Wondering what a poor credit score can do to you? Check out the infographic below which highlights 11 things you may be missing out on if you suffer from bad credit!
Click on the image to enlarge and use the embed code below to post to your blog!
If you are looking to finance your car while having bad credit, there are many auto finance options available for you. Not all financing companies offer bad credit auto loans. Traditional financial institutions like banks are the most adamant in offering bad credit auto finance. Their strict terms and conditions are in most cases not favorable to those with bad credit. Car dealers do offer bad credit auto finance. Know first how they operate before signing any auto financing deals with them. Most individuals in need of auto finance believe that their options are limited to car dealers, and yet, this is not true.
Although car dealers offer bad credit auto finance, they tend to hike up the interest rate charges for their own interests. When you ask a car dealer for a bad credit auto loan, they approach a different auto finance lender on your behalf. This lender may agree to your auto loan application for, say 9% interest rate. The car dealer may in turn give you a rate of 11%, clearly higher than the original amount, so that they too make profit from your auto finance. When you agree to these terms, you will end up paying more than you would have if, for example, you took pre-approved auto finance.
You may consider approaching online lenders for bad credit auto financing. Their numerous numbers brings competition among them, and you may end up getting really good bad credit auto loan deals. By comparing quotes of different auto lenders, you are bound to find one that will best suit your budget.
A used bad credit auto loan is the sort of bad credit auto loan that an individual who has bad credit can take up whenever he is in need of funds to finance the purchase of a used car. A new car bad credit auto loan is the sort of bad credit auto loan that an individual who has bad credit can take up whenever he is in need of funds to finance the purchase of a new car.
Bad credit auto loans are very difficult to get access to because the numbers of auto loan providers that give out bad credit auto loans are very few. As an individual who intends taking up a bad credit auto loan it is recommended that you should always apply to r approach a provider that has the capability to finance you with a good and bad credit auto loan.
Providers that give out new and used bad credit auto loans are very difficult to come by hence it is recommended that you should consider employing the services of a car dealer to assist in connecting you with a bad credit auto loan provider that has the capability to get you approved for a bad credit auto.