Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Batman asked in Business & FinanceCredit · 1 decade ago

bad credit auto loans?

A couple years ago I had a personal loan go to collections. A relatively small amount $4000. I've been trying to work with the collection company to pay of the debt, but they're basically saying I have to pay them a lump sum or go to court, and I can only afford to make smaller monthly payments, so this has just been sitting out their killing my credit rating for a few years.

I make decent money so i'm sure i can get the thing payed off, but it will take a few years with all the other bills i have to pay on top of it.

Unfortunately though my car is breaking down on me, and I really have no choice, but to get another one.

I'm going to have to find someone who will give me an auto loan to do that though and with my credit in the shape it's in i don't know what my options are. Any suggestions on how to get a decent deal on an auto loan when your credit isn't very good. I'm sure i can find one, but it'll probably be for an outragous interest rate.

9 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Auto finance is what I do for a living and in today's economy without a large down payment your most likely looking at a buy here pay here lot.

    Try a large dealer that advertises Special Finance and go talk to the Manager, they should be able to give you some options.

    Whatever you do don't pay any attention to any offers that show up here they are all scams.

    Good luck.

    Source(s): Finance Manager for a car dealer for over 9-years.
  • Anonymous
    7 years ago

    At HTTP://HELP.LOANHUNTER.NET you can find the best financial solutions

    RE Bad credit auto loans?

    A couple years ago I had a personal loan go to collections. A relatively small amount $4000. I've been trying to work with the collection company to pay of the debt, but they're basically saying I have to pay them a lump sum or go to court, and I can only afford to make smaller monthly payments, so this has just been sitting out their killing my credit rating for a few years.

    I make decent money so i'm sure i can get the thing payed off, but it will take a few years with all the other bills i have to pay on top of it.

    Unfortunately though my car is breaking down on me, and I really have no choice, but to get another one.

    I'm going to have to find someone who will give me an auto loan to do that though and with my credit in the shape it's in i don't know what my options are. Any suggestions on how to get a decent deal on an auto loan when your credit isn't very good. I'm sure i can find one, but it'll probably be for an outragous interest rate.

  • 5 years ago

    1

    Source(s): Easy Car Loan Approval - http://carloan.trustdd.com/?uohJ
  • Anonymous
    5 years ago

    For Finance and credit solutions I always visit this website where you can find all the solutions. http://insuranceandfinancetips.info/index.html?src...

    RE :Bad credit auto loans?

    A couple years ago I had a personal loan go to collections. A relatively small amount $4000. I've been trying to work with the collection company to pay of the debt, but they're basically saying I have to pay them a lump sum or go to court, and I can only afford to make smaller monthly payments, so this has just been sitting out their killing my credit rating for a few years.

    I make decent money so i'm sure i can get the thing payed off, but it will take a few years with all the other bills i have to pay on top of it.

    Unfortunately though my car is breaking down on me, and I really have no choice, but to get another one.

    I'm going to have to find someone who will give me an auto loan to do that though and with my credit in the shape it's in i don't know what my options are. Any suggestions on how to get a decent deal on an auto loan when your credit isn't very good. I'm sure i can find one, but it'll probably be for an outragous interest rate.

    Follow 7 answers

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    There is a company that is online called RoadLoans.com, they are owned by Capital One Auto Finance and help people with a challenged credit rating.

    Also most national dealerships offer bad credit financing now, but if you can qualify for Roadloans do it, they will send you a check and you can walk in with cash to get best deal.

  • 1 decade ago

    You can fill out online loan apps on dealer websites. They'll even state if they do bad credit car loans.

  • Anonymous
    7 years ago

    I am sure you will find this site very useful: http://www.immediateloan.net/

    RE:Bad credit auto loans?

  • Arlyn
    Lv 6
    5 years ago
  • Anonymous
    5 years ago
Still have questions? Get your answers by asking now.