$5000 Poor Credit Car Loan in Bellevue Washington for Honda Accord – Chi J.
$5000 Poor Credit Car Loan in Bellevue Washington for Honda Accord – Chi J. — Introduction
After I graduated, I needed a car to get to my new job, but I thought no one would finance me since I was having credit problems. I was also a newly graduated student with no job history. I was voicing my concerns to a friend of mine who was going through the same thing. She told me not to worry and said I should go online and search for bad credit auto loans. I could fill out an app online and a used car dealer around Newark would call and match me with the ….continued below —>
$5000 Poor Credit Car Loan in Bellevue Washington for Honda Accord – Chi J – App Form
Continued from above… lending institution and vehicle I needed. I thought it was too good to be true, but I had nothing to lose so I did as she said. I had no idea that bad credit auto loan financing was even available in America, I thought it was an American invention and I was totally wrong. There really was a better way of looking at my bad credit, and three days later I was driving to work in a car I that just love.
We now document auto loans in AL, AK, AS, AZ, AR, CA, CO, CT, DE, DC, FM, FL, and GA. We also cover bad credit car loans in GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MH, MD. If you are borrowing in MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC. Car and truck financing in ND, MP, OH, OK, OR, PW, PA, PR. Really bad credit applicants in RI, SC, SD, TN, TX, UT, VT, VI, VA, WA, WV, WI, WY. This applicant’s comment was, “Can I get qualified if I don’t have a good job?” – loan application is approved or pending.
Why Do Many Students Have Poor Credit
Many thousands of students graduate from college every year and begin looking for work. Like the student in this application, they need a car to get to work from wherever they are living. They also want to rent an apartment, buy furniture, clothing for work, even kitchen goods so that they can cook their own meals. This all costs a lot of money and yet they are just starting out after graduating. They have student loans that need to be paid and when you look at a person’s credit rating in a situation such as this, it can only be poor or even bad as far as credit ratings go.
They owe money for their student loans, they do not have an income history, they may be just starting a job and they do not have a history of showing that they routinely pay back their debts. They might not have done anything to drive their credit rating into the bad category, but at the same time they have done nothing simply due to their situation to earn a good credit rating.
This is where poor credit rating car loans from companies who specialize in this sort of business can sometimes help. Interest rates may be higher to reflect the increased perceived risk, however if you can get a loan to buy your car, furniture etc, then you are well on the way to improving your credit rating. Whatever you do, make sure that you meet all of the requirements of all of your loans including the poor credit car loan. Once paid off, not only will you have more money at your disposal, your credit rating will gradually move from poor to good to excellent!
Students Should be Careful to Not Overextend Themselves
When you graduate and get your first job sometimes there is a tendency to celebrate with all of this new money you are making from your new job. Very quickly consumers can find themselves in a worse situation. Their credit cards are max’d out and they still owe the poor credit car loan along with their student loans which they have to begin repaying after they graduate.
If you are in this situation there are a few things you can do to protect yourself. First of all make sure you have enough money in your bank account to pay all of your expenses for the next month. Secondly begin saving for an emergency fund so that you have money salted away for some future emergency, which will come. We can just never tell when. Lastly follow the rule that if you do not have the money in your account to pay for something that you would like to purchase, avoid making the purchase until you have the money.
The obvious time when you will break this rule is when you wish to buy something like a car and need to apply for a poor credit car loan. You obviously need transportation and you need it to get to work. But other items that may not be necessities should wait until you have the cash to pay for it.