6 Important Things You Should Remember while Buying a Car with a Low Credit History
Do you have to hold yourself back from buying a car because you have a bad credit history? Your credit history can be a big factor in a car loan approval and also it will affect the interest cost you have to pay financing your purchase. Sadly, buying a car with bad credit is quite hard, even if you have the income and a stable job history. A history of high debt, late payments, repossession or bankruptcy is an indication to the lender that it’s risky to lend you money as you may default on your loan payments, and lenders wish to avoid the expensive process of repossessing your car. …