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Bad Credit Car Loan or Car Lease Fargo 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.

America's Home Loans
(701) 235-0640
Fargo, ND
A & T Farms
(701) 237-6000
1400 Radisson Tower
Fargo, ND
Gate City Bank
(701) 293-2477
3909 13th Ave S
Fargo, ND
Town & Country Credit Union
(701) 356-1750
720 4th
Fargo, ND
(701) 234-9990
2305 Main Ave
Fargo, ND
First Class Mortgage
(701) 356-9898
300 45th St S
Fargo, ND
Wells Fargo Bank Na
(701) 281-4310
4101 13th Avenue SW Hornb
Fargo, ND
Advance America Cash Advance
(701) 293-3800
2119 13th Ave S
Fargo, ND
Western Financial
(701) 356-9602
2000 44th St S
Fargo, ND
First International Bank & Trust
(701) 277-8558
4501 40th Ave S
Fargo, 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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