Does anyone know anything about auto loans?
Does anyone know if there is a a specific cutoff for bad credit where they won’t even think about giving you a loan?
Or if you’re willing to deal with a really high interest rate, and you’ve been doing pretty well on all you’re credit payments over the last few months and you have a really good job with very few other financial obligations (no mortgage) will they be at all willing to work with a bad credit score.
And by bad, i mean about 520-560. yeah it’s embarrasing.
I was a stupid teenager that didn’t have any idea what a credit score even was. But now I’m fully educated on how credit works and i’m trying to get my score back up.
Oh and the amount of the loan would probably be under $ 8,000, or less if it needs to be. I just need to find a reliable car for work and going to school part time.
If there is a loan officer or somebody out there with real information and/or tips, i would be extremely grateful.