Auto Leasing Guide
Go to now !

Bad Credit Car Loan or Car Lease South Portland ME

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.

Augusta, ME
Maine-Ly Mobile Home Financing Inc
(207) 786-4433
95 Main St
Auburn, ME
(207) 760-8271
733 Main St
Presque Isle, ME
Bath Savings Institution
(207) 563-3116
Damariscotta, ME
First the
(207) 236-3131
114 Commercial St
Rockport, ME
Maine Bank & Trust
(207) 767-3131
15 Hinckley Dr
South Portland, ME
Gardiner Savings Institution Fsb
(207) 725-9270
Cooks Cor
Brunswick, ME
First the
(207) 667-5526
235 High St
Ellsworth, ME
(207) 878-2155
85 Auburn St
Portland, ME
(207) 472-3231
279 Main St
Fort Fairfield, ME

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