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Bad Credit Car Loan or Car Lease Bismarck ND

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.

Heartland Mortgage Company
(701) 355-4663
416 E Main Ave
Bismarck, ND
 
Mortgage Max Inc
(701) 255-0295
120 N 3rd St
Bismarck, ND
 
G & J Financial Inc
(701) 250-1812
233 W Broadway Ave
Bismarck, ND
 
First Community Credit Union
(701) 355-4581
3201 Weiss Ave
Bismarck, ND
 
Wells Fargo Bank Na
(701) 222-5541
1050 E Interstate Ave
Bismarck, ND
 
Student Loans of North Dakota
(701) 328-5660
Bismarck, ND
 
Ameri-Cash
(701) 250-8888
1010 S 12th St
Bismarck, ND
 
Kirkwood Bank & Trust Co
(701) 258-6550
905 Tacoma Ave
Bismarck, ND
 
Dakota Community Bank Bismarck
(701) 255-6500
Bismarck, ND
 
Money
(701) 355-0569
233 W Broadway Ave
Bismarck, ND
 

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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