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Bad Credit Car Loan or Car Lease Billings MT

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.

Helena, MT
Title Cash
(406) 254-1852
706 Main St
Billings, MT
Summit Credit Union
(406) 294-3060
895 Main St
Billings, MT
Kwik Cash Loans
(406) 651-9100
2500 Grand Ave Ste H
Billings, MT
Premier Mortgage of Billings
(406) 652-9600
1844 Broadwater Ave Ste 5
Billings, MT
Mile High Chrysler Jeep Dodge Kia
(406) 282-3082
3883 Harrison Avenue,
Butte, MT
Tiki Hut Title Loan
(406) 248-5626
1041 Broadwater Ave
Billings, MT
First Interstate Bank
(406) 255-5060
Billings, MT
Wells Fargo Home Mortgage
(406) 652-5249
2044 Broadwater Ave
Billings, MT
Household Finance
(406) 651-0100
2564 King Ave W
Billings, MT

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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