Auto Leasing Guide
Go to LeaseGuide.com now !

Bad Credit Car Loan or Car Lease Sherwood 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
 
Thrifty Car Sales
(479) 636-5050
1810 So 8Th Street (Hwy 71B)
Rogers, AR
 
Regions Bank
(479) 968-1234
201 S Denver Ave
Russellville, AR
 
First Southern Bank
(870) 612-1212
1583 S Saint Louis St
Batesville, AR
 
AAA
(501) 624-1222
615 W Grand Ave
Hot Springs National Park, AR
 
AutoLoansInArkansas.Com
Little Rock, AR
 
Cash Advance of Little Rock
(501) 833-9000
3901 E Kiehl Ave
Sherwood, AR
 
Farmers Bank & Trust
(870) 235-7020
Magnolia, AR
 
Arkansas Capital Corporation
(501) 374-9247
200 Commerce St
Little Rock, AR
 
First National Bank
(870) 356-3196
214 N First St
Glenwood, 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...

Click here to read the rest of this article from Lease Guide