Bad Credit No Money Down Car Loans

Bad Credit No Money Down Car Loans

If a bad credit score pushes up your interest rate by even one percentage point, you could end up paying $ 85000 more over the life of a $ 400000 loan, according to Tracy Becker, president of North Shore Advisory, a credit repair company in New York ... 7 key steps to get a home loan

pbchevy.com 1-800-939-CREDIT - LAST YEAR WE APPROVED OVER 6500 CUSTOMERS WITH CREDIT SCORES OF 450 AND OVER

http://leafgardenpress.com/ Bad Credit Auto Loan NJ- No Money Down Auto Loan - Drive Today

If you have bad credit and need a car without having to put any money down, there is very good news for you. You will however have to lower your sights just a little bit because you are not going to get approved for a $ 50,000 car. You can however, get a great ride at a great price. When I refer to price, I'm speaking about getting great finance rates which equates to, lower monthly payments.

Even with horrible credit.

Realistically, you can get approved for a car loan without a down payment, even with bad credit. It is a matter of understanding the system and using the system to your advantage. Depending on your particular situation, you may only be looking at being able to get approved for $ 12-$ 15,000 car. This is still a great opportunity if you have bad credit.

Being able to get this new car loan without a down payment is simply a matter of understanding how loan value influences the amount that you are able to borrow against a car.

It's really very simple and once you get past the smoke and mirrors of information and misinformation that is purported by car dealerships, it is easy to see how you can get a bad credit car loan with no money down.

The easiest and fastest way to get approved for a car loan without the need for a down payment is to look at a few reputable online sources. These types of online sources help people that are in need of a car loan and do not have any money to use upfront.

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Question by : Car dealership hasn't reported to credit bureaus - What are my options? Last year my car was totaled by another vehicle. I had just started a new job and moved away from our family and friends in NJ to PA with my boyfriend. The car was being shared between us so we needed another one quick for work. Neither of us had any credit so I ultimately had to resort to a buy here pay here place. I knew I was going to be paying high interest and I was paying too much for the car but I was desperate at the time and couldn't jeopardize my job. The big selling point for the place we chose was that they said they report to all three credit bureaus so that I could build up my credit. The plan was that after a year, once I had some credit built up, I could come in and trade my car in for a better one at a lower interest rate. We discussed in detail estimates of how much people's credit typically went up, what kind of interest rates I could possibly expect, etc. I have been making bi-weekly payments for 13 months now. I just recently applied for a credit card for emergency purposes and was denied. I decided to pull my credit report to see what was going on - and what's this? No car loan? I am extremely frustrated at this point. I had the option of buying a cheaper car from another place but they didn't have any promise/ad of reporting to the credit bureaus. Given that my bf and I would like to buy a house in the next couple years and I'd like a low limit emergency credit card, I was really excited to start building my credit. Now I've paid about $ 6,300 and have another year to go - and I STILL have no credit! I can't make up for that year and I definitely don't want to continue paying these people on this high interest rate and over priced vehicle. As a side note, the car had two bad front tires when I bought it and they told me to bring it in so they could change them for free after signing a "We Owe You" slip. Three months later, the "new" front right tire pretty much ripped apart - you could literally stick your hand between the tread and the tire on both sides of the tire and have your fingers touch for about a foot and a half long section. They made me pay for a new one. The following month, the left front tire did the EXACT same thing. They charged a reduced rate for ANOTHER replacement. A retired mechanic told me that it looked like they had given me retreaded tires (illegal) and I shouldn't have had to pay. (This is just to show what kind of people I'm dealing with...) So my question is... What are my options? Can/should I sue for my money for a breach of contract? Attorney General? Could I even get my money back? I figure if I did get the money back, I'll have a larger down payment for a car and I've had my job for over a year now and am making more money than last year so I'll have a better chance at a loan. Help? @Common Sense: Yes, selling retreaded tires to your average consumer IS illegal, at least in PA. You can put them on large trucks because if one tire blows on an 18 wheeler there's less of a chance of a serious accident. As far as whether it was because of under inflation, I don't know much about tires which is WHY I spoke to someone who did and HE told me that they were retreaded. Given that YOU haven't seen them, I think I'll trust him at this point. And by the way, they did have it in writing - it's they're main selling point on all their ads AND it is stated in my contract that they report to them as a forewarning in case I were to skip out on payments. As for the growing up comment, I believe you should take your own advice. Keep being a internet tough guy - you'll get real far in life. But don't bother answering if you have really have no help to offer. You sound extremely dumb at this point. NEXT. I still have the ad. It states: "20 Years in Business with over 18,000 satisfied customers who have established good credit" "We report to all Credit Bureaus. Boost your score 100 points plus" I understand that I should have spoken to a mechanic and that the car's quality is not the fault of the dealership - the tires were just an example of how these people do business. I certainly will use this as a learning experience - Everyone goes through them. I just want to see if there's any way I can get what I was supposed to (some credit). Thank you for a more thought-out and helpful response, though. @Common Sense I explained most of what you just tried to argue in my last edit. As for the first time buyer program, I did shop around several dealerships here but as I stated, I had just gotten my new job and all the places I went to required at least a verifiable 6 months - 1 year of my current job. Which I didn't have. Or a qualified co-signer - Which I didn't have. Seeing as how you have little/no help to offer this will be my last wasted response to you. Please feel free to continue though - you obviously have nothing better to do. Can't wait till you make a mistake as I'm sure you're oh-so-perfect. @Stan That's a good idea. I know they're registered with the BBB as well but I don't know how much good reporting to them does. Best answer for Car dealership hasn't reported to credit bureaus - What are my options?:

Answer by Common Sense
You need to grow up. Retreaded tires are NOT illegal, genius. The common way for tires to fail like that is under inflation. YOUR fault. Nor do they have to report to credit bureaus if t hey don't want to. "They said" is irrelevant unless it's in writing. You have ZERO chance of winning here. EDIT: I'm not the dumb one. Just because a retired mechanic has an opinion doesn't make it so. Second, retreaded tires are legal in every state. REGROOVED tires are not. Retreads are marked as such on the tire, btw. Third, the contract said (as you admit) they report IF you default. Fourth, the "trade it in after a year" thing is a very common lie by used car salespeople. Fifth, every major carmaker has 1st time buyer programs on real cars, not buy here pay here clunkers. YOU are responsible for this...you trusted others instead of educating yourself. PS-NEXT.

Answer by Use Your Noodle
You say this claim that they report to all 3 credit bureaus is in writing. So, do you have the ad? It doesn't sound like the contract is going to help you because the way you relate that part here is that they will report to the credit bureaus IF you default. That isn't the same as it expressly stating that they report ALL payments or payment activity to credit bureaus. Unless you have the ad in hand from the time you bought the car, you are out of luck in getting them to report it, or suing them to make them report it. Also, when one buys a used car, it is common sense to take the car to your mechanic and have it looked at. If your mechanic saw the tires were about to go, or were retreads, he would have advised you, you could have either passed on that car, that dealer or had them replace them and took it back to your mechanic to be sure they put decent tires on. The fact that you didn't do due diligence is your fault. Look, buy here/pay here lots are notorious for selling overpriced crap. Period. The fact that you were *desperate* to have a second car so you could work is NOT that dealers problem. You signed a contract binding you to a certain amount of money that you owe them. Stop paying now, and you can be sure they will come repo the car and sue you for the amount you still owe, plus any baloney fees they can drum up. My guess here is you are stuck. If you can find an ad dated when you bought the car a year ago saying they report ALL activity to the credit bureaus, you may be able to sue and force them to report. I highly doubt you have the evidence to prevail in court. Pay the thing off and learn from it.

Answer by stan c
If state they report to all 3 credit bureaus, they go back there and request them to run the reports to verify it's being reported. If they refuse to do so, then you can file a complaint to the Federal Trade Commission toll free @ 1-877 382-4357

Answer by Anonymous Person
of anything ur lucky that that shit happened 2 u

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