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Bad Credit Car Loan or Car Lease Fort Smith AR

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.

AutoLoansInArkansas.Com
Little Rock, AR
 
First American Cash Advance
(479) 648-3885
2600 Zero St Ste B
Fort Smith, AR
 
Andy's Pawn & Gun Shop
(479) 783-3658
2113 Dodson Ave
Fort Smith, AR
 
Express Mortgage
(479) 452-8855
7613 Rogers Ave Ste D
Fort Smith, AR
 
Allied Home Mortgage Capital Corp
(479) 646-3600
2801 Old Greenwood Rd
Fort Smith, AR
 
Thrifty Car Sales
(479) 636-5050
1810 So 8Th Street (Hwy 71B)
Rogers, AR
 
Uncle John's Pawn & Loan
(479) 649-7296
5324 Towson Ave
Fort Smith, AR
 
Southern Mortgage Company of Arkansas
(479) 494-7665
4300 Rogers Ave
Fort Smith, AR
 
1st Metropolitan Mortgage
(479) 783-8188
Fort Smith, AR
 
Simmons First National Bank
(479) 646-5590
4101 Brooken Hill Dr
Fort Smith, AR
 

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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