Bad Credit Agency

Does anybody know what is the best way or method How To Buy A Car With Very Bad Credit?

There's dealers or services that specializes in helping with it but the point is that I must NOT apply with the wrong dealer because they may send my car loan application to many lenders whose program requirements I do not meet. I know If this happens my score may be lowered and when I am finally approved it may be at a higher rate than I would have received if my car loan application was sent to the right lender in the first place.That's the catch. I know also If my score is less than 600 I must find an automobile dealership or online service that specializes in special credit situations to obtain an auto loan through a bank or traditional finance company.You can give your recommendations as a websites or already tested by your self or your friends sources where I can be more confident to complete the task. Thank you very much in advance to all of you!

Public Comments

1. just pay cash.
2. Pay cash. Or, take over a lease agreement. There are lots to pick from at www.leasetrader.com. If you have bad credit, don't try to borrow money.
3. if you already have bad credit then the credit score is not going to change because you apply for credit. No matter who you apply through the credit score will stay the same. But based off your credit score the finance rate will go up and so will your down payment. Guess i would go to my own bank and take out a loan and pay for the car in cash.
4. It won't really affect your score as much as you think-I would find the car that I wanted and then ask about their financing programs, believe me they will try as hard as possible to get you a loan-that's the only way they will get paid for the car!
5. 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
6. If you have a poor credit score, it is difficult to get a loan from most banks and financial institutions. Credit is usually available only at a very high interest rate.Only few companies provide loan with poor credit score.Check out link for details. http://l4y.info/
7. Start a new credit file. Go to the Social Security Office and request a 'Tax ID Number' and apply for your loan with it. You may want to check out edenpress .com for books on this subject.
8. Credit Union? Pay big cash down payment?