Bad Car Credit Loan People
Need to get credit score up fast for a car loan…?
Will taking out Payday advances and paying them back right away build my credit score up quickly? I know I will pay some fees that way but I can’t think of another way. My credit score is too low to get a car loan through my credit union and I am afraid to go to a used car dealership that give financing offers to people with bad credit in fear of getting hosed somehow. I have paid off all of my outstanding credit and have been in the waiting period as my credit score slowly creeps up, but I need a new car very soon.
Thanks to all the loan sharks for the offers but I think I am going to stick with some of the other advice.
To answer your question: Payday Loans are not usually reported on your credit, so this probably won’t work for you. If you need to get your credit up, I’d do it with a secured loan at your local credit union for $500-$1000, if you have that handy. But that will take a few months.
You CAN get a decent car loan, even with bad credit. I’ve done it, but you’ll have to look around. That’s one of the BIG mistakes people make…just taking the first offer that’s given to them when they go to the dealer. Be smarter than that.
WARNING: DON’T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It’s a better option, you don’t have to take what they’re offering if you don’t want it, and it’s better than dealing with the car dealer’s people.
There are usually some nationally based car loan companies who specialize in bad credit car loans who advertise on the page linked below…
http://www.axalda.info/bad-credit-car-loans.html