Auto Loans With Bad Credit

Posted by admin on November 20th, 2009 at 04:55pm

auto loans with bad credit

Question:
How to refinance on auto loans with bad credit?
I currently have poor credit and I tried finding co-signers but everyone has poor credit, so they say. I can’t do anything due to my bad credit. My score is 548. No person will help me. This is making me go crazy. I am lost and am not sure what to do. Where can someone refinance auto loans with bad credit?

Answers:
It is too bad when you have to suffer the results of bad decisions, isn’t it? I am not sure what you did to get such a bad score, but not having the ability to refinance your car is just one of the bad results. No bank or financial institution will trust a person whose credit report clearly shows they are untrustworthy. Even the individuals you have requested to co-sign know better than to entrust you with their money and their credit ratings. I believe it’s either time for you to get an additional job, or time to let your auto go back to the bank.

You will not be able to refinance with a score that low and no co-signer. If a company says they’ll provide you with a loan, and requests an application fee, stay away from them, they’re just trying to rip you off.

Under Cars and Bad Credit