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Bad Credit Car Loan or Car Lease Cheyenne WY

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.

Wells Fargo Home Mortgage
(307) 632-8743
1701 Capitol Ave
Cheyenne, WY
 
Meridian Trust Federal Credit Union
(307) 635-7878
2223 Warren Ave
Cheyenne, WY
 
Advance America Cash Advance
(307) 638-0600
800 S Greeley Hwy
Cheyenne, WY
 
Quik Check
(307) 635-3200
515 E Pershing Blvd
Cheyenne, WY
 
First Horizon Home Loans
(307) 634-6950
5920 Yellowstone Rd Ste 2
Cheyenne, WY
 
Wells Fargo Financial
(307) 632-0581
1958 Dell Range Blvd
Cheyenne, WY
 
First Cheyenne Federal Credit Union
(307) 632-8111
3485 Converse Ave
Cheyenne, WY
 
B & R Check Holders
(307) 772-0020
218 S Greeley Hwy
Cheyenne, WY
 
Advanced Cash Services
(307) 634-4432
408 W 17th St
Cheyenne, WY
 
Security First Bank
(307) 775-6500
500 W 18th St
Cheyenne, WY
 

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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