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Bad Credit Car Loan or Car Lease Powhatan VA

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.

CF Finance
(804) 643-8479
4660 S. Laburnum Avenue
Richmond, VA
 
Union Finance
(757) 934-1537
1703B North Main Street
Suffolk, VA
 
InterActive Financial Marketing Group
(888) 905-1002
114 Virginia St.
Richmond, VA
 
Beach Auto Title Loans
(757) 468-6920
3336 Hellard Road
Virginia Beach, VA
 
Auto Title Loan Finance
(457) 524-4587
23, Crow St
Laurel Fork, VA
 
AutoLoansInVirginia.Com
Richmond, VA
 
Coastal Credit
(800) 969-2729
3852 Virginia Beach Blvd.
Virginia Beach, VA
 
Tidewater Motor Credit
800-216-6862 x6932
6520 Indian River Road
Virginia Beach, VA
 
A A A Auto Loans
(757) 461-2886
1929 Independence Blvd
Virginia Beach, VA
 
Absolute Title Loans, LLC
(757) 410-8884
1100 Cedar Road Suite D
Chesapeake, VA
 

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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