What is the disadvantage of consolidating debt
This includes buying a car after bankruptcy, provided that the applicant is in stable employment and can prove affordability.
Car Loans with Bad Credit Poor credit auto financing is necessary when someone has failed to comply with the T&C’s of one or more credit agreements.
Make sure you have at least 3 months of payments in the bank in reserves after closing.
Mortgage lenders and brokers are still lending, so if you have the right qualifications, now is a great time to get a good deal.
These guidelines are substantially stricter than in previous years.
Sub-Prime Lending Sub-prime lending is generally non-existent.
FICO Credit Score The rate of interest on a bad credit auto loan will depend heavily on the applicant’s FICO credit score.
Income and Down Payment Requirements For a non-government insured loan you must make a down payment of at least 5% of the sale price.This includes missed and late payments, those in debt relief programs and individuals who have filed for bankruptcy.These indiscretions will show on a credit report for up to 10 years.This may cause a value to be disporportionately high or low.Know Your Credit Score The single most important factor in being approved for a mortgage is your credit score.