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Bad Credit Car Loan or Car Lease West Fargo ND

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.

Gate City Bank
(701) 298-2800
1119 9th St E
West Fargo, ND
 
Wells Fargo Home Mortgage
(701) 433-3660
1401 13th Ave E
West Fargo, ND
 
Union State Bank of Fargo
(701) 492-3492
1100 13th Ave E
West Fargo, ND
 
Western State Bank
(701) 277-5003
755 13th Ave E
West Fargo, ND
 
Choice Financial Group
(701) 277-9258
210 Sheyenne St
West Fargo, ND
 
Choice Financial Group
(701) 356-9700
4501 23 Ave S
West Fargo, ND
 
Gate City Bank
(701) 298-2800
1119 9th St E
West Fargo, ND
 
First International Bank & Trust
(701) 281-2700
1350 13th Ave E
West Fargo, ND
 
State Bank of West Fargo
(701) 282-4403
409 Sheyenne St
West Fargo, ND
 
American Bank Center
(701) 258-2611
320 N 4th St
Bismarck, ND
 

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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