bad credit?

10-21-2007, 04:24 PM

I have a horrible credit score i am thinking 350. i know not good, but i need a car loan any help

10-21-2007, 04:24 PM

Auto finance is what I do for a living and you need to go to a dealer that advertises Special Finance and talk to the Manager there are lenders out there that will give you a loan.

10-21-2007, 04:24 PM

Forget the car, until you can pay for it. Get rid of your bad debt as the car will kill your checkbook and you can drive yourself to the poorhouse.

Paydown your high interest credit cards first, then use cash. Wait until your FICA score gets better, like over 600, and then shop for a car. The interest rate on the car will really drop.

10-21-2007, 04:24 PM

First thing would be to get your credit reports and find out you actual score.

You need to make a list of everything you are doing wrong and start changing your habits. Make sure you a paying min. payments on your cards, pay on time, etc....work on these things over several months and overtime your score will go up.

10-21-2007, 04:24 PM

First thing would be to get your credit reports and find out you actual score.

You need to make a list of everything you are doing wrong and start changing your habits. Make sure you a paying min. payments on your cards, pay on time, etc....work on these things over several months and overtime your score will go up.

10-21-2007, 04:24 PM

You don't need a car loan, you need to eliminate the credit problems. Stop spending, Dave R, harps on Food, Shelter clothing 1st, Drive a heap, take the bus to work to get to work. Get your bills up to current 1st, get serious, get a 2nd, 3rd, 4th job, sell some of the stuff that got you in the hole to begin with.

then build a small saving,
then start snowballing your debt.
http://www.geocities.com/snidecl/debtsnowball.html

I've been there, I am 49 years old, and have played the credit game and am sick of it. I've been following radio guy who has a program called Financial Peace University, I've been reading his book Total money Make over, and we've paid off about $50000 in unsecured debt in the last 3 years, we have a ways to go, (about 4 years and we are debt free except the mortgage.).

Check him out before you dig another hole.

http://www.daveramsey.com

10-21-2007, 04:24 PM

You don't need a car loan, you need to eliminate the credit problems. Stop spending, Dave R, harps on Food, Shelter clothing 1st, Drive a heap, take the bus to work to get to work. Get your bills up to current 1st, get serious, get a 2nd, 3rd, 4th job, sell some of the stuff that got you in the hole to begin with.

then build a small saving,
then start snowballing your debt.
http://www.geocities.com/snidecl/debtsnowball.html

I've been there, I am 49 years old, and have played the credit game and am sick of it. I've been following radio guy who has a program called Financial Peace University, I've been reading his book Total money Make over, and we've paid off about $50000 in unsecured debt in the last 3 years, we have a ways to go, (about 4 years and we are debt free except the mortgage.).

Check him out before you dig another hole.

http://www.daveramsey.com