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Bad Credit Car Loan or Car Lease Anacortes WA

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.

Louis Auto Glass III, Inc
(360) 424-9759
1721 E College Way
Mt. Vernon, WA
 
North Cascade Quick Lube
(360) 855-0418
205 Township St
Sedro-Woolley, WA
 
Northwest Tinman
(360) 856-4279
307 W State St
Sedro-Woolley, WA
 
Protech Automotive
(360) 855-2185
809 Puget Ave
Sedro-Woolley, WA
 
Felton’s Auto Repair
(360) 856-2866
1419-A E. State Street
Sedro-Woolley, WA
 
Sedro-Woolley Auto Parts Inc
(360) 855-0341
816 Murdock Street
Sedro-Woolley, WA
 
Countryside Chevrolet GEO
(360) 855-0321
221 Woodworth St
Sedro-Woolley, WA
 
Mike & Son Auto Sales Inc
(360) 855-1974
203 Ball St
Sedro-Woolley, WA
 
Vollans Automotive Inc
(360) 855-1111
487 Metcalf St
Sedro-Woolley, WA
 
Herb’s Chevron
(360) 855-9907
PO BOX 425
Sedro-Woolley, WA
 

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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