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Bad Credit Car Loan or Car Lease Marshalltown IA

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.

Des Moines, IA
Farmers Savings Bank
(641) 753-7543
2201 S Center St
Marshalltown, IA
Pawn & Gun Shop
(641) 753-8411
116 E Church St
Marshalltown, IA
Wells Fargo Financial
(563) 583-9734
806 Wacker Dr Ste 122
Dubuque, IA
Financial Services Inc
(712) 732-1070
730 Lake Ave
Storm Lake, IA
F & M Bank
(641) 754-5500
11 N 1st Ave
Marshalltown, IA
United Bank & Trust
(641) 752-7005
2101 S Center St
Marshalltown, IA
National Cash of Iowa
(641) 753-1411
11 S 3rd Ave
Marshalltown, IA
Allied Home Mortgage Capital Corporation
(563) 823-5363
Davenport, IA
GE Commercial Finance
(515) 273-9800
4401 Westown Pkwy
West Des Moines, IA

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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