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Bad Credit Car Loan or Car Lease Albuquerque NM

Buying a car with bad credit can be a huge problem for subprime borrowers. Learn how a poor credit report and low FICO credit score affects what you pay, including high car insurance rates. Find out how to repair your bad credit to avoid future problems.

Santa Fe, NM
Key Financial Group Inc
(505) 275-3040
8421 Osuna Rd NE
Albuquerque, NM
Bank of America
(505) 282-1430
4950 Montgomery Blvd NE
Albuquerque, NM
New Mexico Title Loans
(505) 830-1808
5260 Montgomery Blvd NE
Albuquerque, NM
Business Loan Express
(505) 332-8976
10701 Lomas Blvd NE
Albuquerque, NM
Bank of the West
(505) 792-0726
10050 Coors
Albuquerque, NM
On Time Finance Inc
(505) 343-8836
5029 4th St NW
Albuquerque, NM
American Cash Loans
(505) 837-9900
2828 Carlisle Blvd NE
Albuquerque, NM
Accion New Mexico
(505) 243-8844
20 NW First Plaza Cn
Albuquerque, NM
Ace Cash Express
(505) 889-8084
4001 San Mateo Blvd NE
Albuquerque, NM

Bad Credit Car Loan or Car Lease

Having a bad credit history and low FICO credit score often creates problems when buying or leasing a car. People with serious credit problems frequently have very frustrating experiences when looking for car loans and leases, particularly in times of tight credit and economic stress.

Some banks and finance companies have tightened up from just a few months ago and are much more careful about doing business with "subprime" borrowers with poor credit histories. If you are having problems with making payments on your current car (see ), don't lose it because it'll be very difficult getting another.

However, car manufacturers and dealers are so competitive and desperate for business that they are often willing to take some extra risks to get business.

Generally, people with "subprime" credit should expect to pay higher interest rates, be required to make higher down payments, or make a security deposit (for leasing). They may even have problems getting auto insurance. It's good to check your credit reports (all three of them) for mistakes to make sure your data is accurate.

Analyze your credit situation first
If you have bad credit, do you know why? Do you know just how bad it is? There are varying degrees of bad credit. Some are seriously bad; some not so bad. A couple of late payments on a credit card account is not as bad as a recent bankruptcy or home foreclosure. Some problems can be quickly repaired; others take longer...

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