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Bad Credit Car Loan or Car Lease Anderson SC

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.
(803) 369-8110
Columbia, SC
Maker's Finance Company
(864) 231-6952
201 E Benson St
Anderson, SC
First Citizens
(864) 231-8671
1508 E Greenville St
Anderson, SC
West William B
(864) 224-1112
304 N Main St
Anderson, SC
Security Finance Inc
(864) 226-6173
301 S McDuffie St
Anderson, SC
American Credit Acceptance
(866) 441-0251
340 East Main Street Suite 500
Spartanburg, SC
Home Financial Services of Anderson Inc
(864) 225-8492
121B E Beltline Blvd
Anderson, SC
Garrett Mason Y
(864) 224-1112
304 N Main St
Anderson, SC
Bank of America
(864) 226-9111
3005 N Main St
Anderson, SC
Community First Bank
(864) 222-2440
4002 Clemson Blvd
Anderson, SC

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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