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Where can I get a reasonable car loan with poor credit?
I currently don't have the best credit due to the loss of a job and a few bills I paid off. i recently got a new job where I am making around $1800 a month now after taxes. Is there anywhere that I can go to get a loan with a reasonable interest rate? I am trying to buy this car for for about $6500 but I didn't get approved through my bank.
2 Answers
- Anonymous4 years ago
Its highly unlikely. (Impossible)
You can start rebuilding your credit and saving money now with a credit builder loan from a credit union.
Maybe in 18-24 months.
- Jay PLv 74 years ago
The bad credit rating and recent job change means you are a higher risk and you'll end up paying a higher interest rate from any lender that takes a chance on you.
Check at the bank of mom n' pop to see if they can help you out...